Evendale-based Enable Injections, HCDC’s 2015 Ronald Schallick Economic Development Award winner, announced last month that it will receive $30 million in Series A financing, lead by ORI Healthcare Fund (ORI). The investment will be used to commercialize the company’s patient-focused drug delivery product, the Enable Injector.
The small, lightweight pain- and error-minimizing device adheres to the body during treatment, comfortably delivering biologic doses as large as 50mL with the push of a button, no needle in sight. Used at home or work, it offers an alternative to costly intravenous infusions in a healthcare setting and is expected to lower overall healthcare costs while positively impacting outcomes by boosting compliance.
HCDC honored Enable Injections for its commitment to growth and economic development in the Village of Evendale. When Enable Injections came to HCDC with plans to take an innovative start-up company and grow it into a manufacturer of medical devices, HCDC facilitated its growth through an Enterprise Zone Agreement with the Hamilton County Commissioners and the Village of Evendale.
The company is investing more than $3.5 million in its Sharon Road headquarters and has brought new jobs to Hamilton County and Evendale. Enable Injections has committed to growing to more than 120 full-time employees by 2018. HCDC is confident and excited to watch the continued growth of Enable Injections in Hamilton County.