Bloomington-based health science company Predictive Physiology and Medicine has announced a $10 million expansion in the city that will create 75 jobs. PPM’s new headquarters will open in 2010 on the site of the former RCA plant on the city’s south side. Bloomington Mayor Mark Kruzan says the location of the new company is symbolic.
“As has been noted, we’re standing at the site of the former RCA plant — a symbol of Bloomington’s manufacturing might,” Kruzan said. “After the last assembly line worker left for the last time, this once proud manufacturing plant stood silent as the economic landscape changed and traditional manufacturing jobs slipped away. Now, in its place, a local life sciences firm, committed to our community, committed to this neighborhood. This is a new neighbor in a long vacant spot.”
The company develops new health tests that create summaries of patients’ heath and warns of future health problems. PPM Chief Operations Officer Brian Kleber says his company is more likely to succeed because it offers a unique health service.
“The original focus and original technology was using state of the art measurements and information technology to really produce a consumer-driven product that really measured an individual’s molecules in their body,” Kleber said. “Now, what does that mean? It’s really about enabling people to take hold of their own personal health and providing them enough information to make their own judgments.”
The company was founded in 2005 by business leaders from the state’s public universities. When built, PPM’s new structure will be the state’s first research and office campus designed to Gold LEED environment standards – the highest certification available.