Officials say the Indiana Biosciences Research Institute will be the first of its kind in the nation.
Indiana is ranked as one of the top five states in the life sciences industry with a workforce of 55,000 people according to new data.
More collaboration could lead to the creation of more biosciences startups, state leaders say.
ImmuneWorks hopes to get FDA approval to test a new treatment model that could be applied to auto-immune diseases.