Will create 150 Jobs
FRANKFORT, Ky. (Jan. 29, 2015) — Gov. Steve Beshear and Louisville Mayor Greg Fischer today announced that OncoMed Specialty (Onco360) will establish a facility in Jeffersontown.
Onco360, one of the world’s fastest-growing providers of oncology and hematology pharmacy services, is expected to create up to 150 new jobs and invest $2 million into the project.
Onco360 plans to locate its headquarters in the PharMerica building on Campus Place, near Bluegrass Parkway. The new headquarters, which will allow the company to better serve the growing population of oncology and hematology patients and physicians across the country, will be operational this summer.
Onco360 is the largest independent provider of oncology pharmacy services in the country. The company serves the specialized needs of oncologists, patients, hospitals, cancer centers, manufacturers and health plans. Onco360’s clinical and dispensing model was developed specifically to meet the unique needs of oncology-treating physicians and their patients.
To encourage the investment and job growth in Jefferson County, the Kentucky Economic Development Finance Authority preliminarily approved the company for tax incentives up to $1.6 million through the Kentucky Business Investment program. The performance-based incentive allows a company to keep a portion of its investment over the term of the agreement through corporate income tax credits and wage assessments by meeting job and investment targets.