Contact: Kayla Arnold, Director of Communications 

Email: karnold@westfield.in.gov

FOR IMMEDIATE RELEASE

Westfield, IN (September 24, 2024) — Portal Diabetes Inc. (“Portal”), a medical technology company, announced plans to relocate their headquarters to Westfield from Southern California on Monday evening. As part of its relocation, the company is also announcing a name change from PhysioLogic Devices, Inc. and their technology called ThinPump to Portal Diabetes Inc. and the Portal Pump. 

Founded in 2013, Portal is developing a fully automatic, implantable insulin pump to control glucose levels. Its Portal Pump technology will be the first fully automated insulin delivery system that can store up to 12 weeks of insulin through an artificial pancreas.

We are thrilled that Portal has chosen to relocate their headquarters to Westfield. They are on the cutting edge of transforming the lives of diabetics across the globe and will make a great corporate partner in our community. Their capital investment and high paying jobs align perfectly with my long-term vision of creating a high technology manufacturing center in Westfield with an emphasis in the biotechnology and healthcare space,” stated Mayor Scott Willis.

The company will employ up to 35 full-time employees with an average annual salary of $135,265. The company’s employees will be relocating to Westfield by the end of October 2024. Based on the company’s plans, the Indiana Economic Development Corporation (IEDC) committed an investment in Portal of up to $925,000 in the form of incentive-based tax credits.

Having completed a national search of locations for Portal, we chose Westfield, Indiana as a thriving community with a favorable business environment and access to strong life science talent,” shared CEO, Stacy Chambliss. “Adding its rich history in insulin manufacturing, we are glad to make Indiana our new home.”

Indiana’s life sciences ecosystem continues to grow and prove that we offer the perfect environment for exploration, experimentation and innovation,” said Ann Lathrop, Chief Strategy officer at the Indiana Economic Development Corporation. “Indiana has proven it’s one of the nation’s top locations for life science businesses of every kind. I’m thrilled to see Portal relocate to Indiana and I look forward to the impact they make on the state and its life sciences sector.” 

The company will lease 18,000 square feet of existing space located on Southpark Drive with a total capital investment of $4.07 million. Westfield City Council will be considering a personal property abatement, which was introduced at the September 23 council meeting.

# # #

About the City of Westfield: Westfield is the fastest-growing city in Indiana and the sixth-fastest-growing city in the country. Westfield is home to more than 50,000 residents in Hamilton County, situated north of Indianapolis. The city is known for its 400-acre Grand Park Sports Campus, connectivity to US-31 and State Road 32, and nationally recognized public schools.