A fast-growing startup will establish an expanded headquarters in the Louisville region.
RxLightning expects to add up to 175 new jobs over several years in New Albany, Indiana, paying nearly twice the average wage in Floyd County, according to a news release. The company will invest heavily in software, hardware and more in a three-story historic building at 227 Pearl St., at the corner of Market and Pearl streets.
RxLightning’s platform streamlines the specialty drug enrollment process for both doctors and patients, reducing paperwork and cutting the enrollment time from weeks to hours. The digitized, single solution, which is free for providers and patients, supports more than 1,200 specialty medications, helping patients get access to the treatments they need even faster, according to a news release.
Founded in 2020 and selected as one of KY Inno's Startups to Watch in 2022, the company closed on more than $5.3 million in fresh capital earlier this year.
“This is an incredibly exciting move for RxLightning,” said Julia Regan, co-founder and CEO of RxLightning, in the release. "Our new expanded headquarters will allow us to continue our growth and work collaboratively to accelerate the speed at which patients get access to medicine they need. The State of Indiana, the City of New Albany and One Southern Indiana have been amazing partners in this endeavor.
"We considered other locations, but we’re thrilled to remain here in Southern Indiana.”
Pending approval from the Indiana Economic Development Corporation (IEDC) board of directors, the IEDC will commit an investment in RxLightning of up to $4 million in conditional tax credits based on the company’s creation plans, the release continued. The tax credits are performance-based, meaning RxLightning is eligible to claim incentives once Hoosiers are hired. In addition, the City of New Albany offered RxLightning training grants totaling $120,000 that will be equally divided over five years.
“This news represents another milestone for the city and the region,” said Jeff Gahan, mayor of the City of New Albany, in the release. “We welcome RxLightning to our downtown as they continue to build on their success and growth."
“RxLightning is a perfect example of how Indiana innovators are advancing the industries of the future,” said Indiana Secretary of Commerce Brad Chambers, in the release. “The company’s solutions, powered by skilled and hardworking Hoosiers, are helping patients access life-saving treatments. Indiana is a leader in medical devices and pharmaceuticals, and now we’re the ideal destination for growing health tech companies like RxLightning.”
Wendy Dant Chesser, president and CEO of One Southern Indiana, noted how Regan was recently selected as an Endeavor Entrepreneur.
"Her company’s growth continues to be remarkable, and her commitment to this region is a testament to the ongoing vitality of Southern Indiana," Chesser said. "As always, 1si has been delighted to be a part of this process, and looks forward to assisting in any way we can."
