RAZOR Medical Instruments Inc., an instrumentation and technology company marketing single-use instruments to the orthopedic joint replacement industry, announced plans to relocate its headquarters from New Hampshire to Indiana and create up to 63 new jobs in Warsaw over the next three years.
"Indiana's life sciences industry is strong and growing, ranking second in the U.S. for critical exports like pharmaceuticals, medical devices and orthopedics," said Indiana Secretary of Commerce Jim Schellinger. "RAZOR's commitment to move its headquarters and grow in our state shows the confidence the company has in our business-friendly environment and talent pipeline. We're thrilled to welcome RAZOR to Indiana and grateful for the new career opportunities for Hoosiers."
RAZOR, which plans to invest more than $3.4 million to establish its new Warsaw headquarters and grow its team, has leased office space at the OrthoWorx/AcceLINX offices at 102 S. Buffalo St. in Warsaw to accommodate its short-term needs. The company is evaluating locations for its mid- and long-term location and expects to utilize the extensive medical device contract-manufacturing network in northeast Indiana, home of the Orthopedic Capital of the World.
“We appreciate the assistance of all the organizations that have helped RAZOR relocate to the orthopedic capital of the world,” said Bruce Khalili, president of RAZOR. “The concentration of resources in the medical device field in northeastern Indiana is impressive. Being in Warsaw is a strategic move for RAZOR as it permits us to leverage the availability of technical talent and manufacturing expertise in the field of medical devices. RAZOR’s unique culture, in partnership with our local Universities, AcceLINX, Orthworx, KEDCO and the city of Warsaw, will provide an environment conducive to attract, train and keep young talent in Indiana."
The company, which employs nine people, has already started recruitment and will be hiring for a variety of positions beginning as early as spring 2021.
“We have enjoyed getting to know Bruce Khalili and his team at Razor Medical Instruments and are excited to welcome them to the Warsaw community,” said Warsaw Mayor Joe Thallemer. “We understand that the company’s single-use instruments represent an important industrywide advancement and that our local supply chain and specialized workforce make Warsaw an ideal location to support the company’s plans.”
Founded in 2016 by Khalili, the company's product line includes single-use instruments used in joint replacement procedures and will reduce inefficiencies associated with reusable instruments at the OEM and hospital level. The use of single-use instruments facilitates the migration of total joint procedures from the hospital setting to ambulatory care centers.
RAZOR began working with AcceLINX, a Warsaw-based, multi-stage, musculoskeletal health business accelerator launched by OrthoWorx, more than two and a half years ago to refine its quality, regulatory and marketing programs to bring its products to market. AcceLINX provides industry-specific support to select inventors and entrepreneurs looking to enhance their prospects of business success. AcceLINX leverages the unprecedented concentration of medical device industry resources in northern Indiana and the industry expertise and global networks of its team members to provide a unique capacity to accelerate the results of start-ups it engages with.
In 2020, the Indiana Economic Development Corporation (IEDC) secured 36 commitments from life sciences companies to locate or expand in Indiana. Together, these businesses plan to invest more than $890 million and create up to 5,447 new jobs (+50% from 2019) in Indiana.
The IEDC offered Razor Medical Instruments Inc. up to $1 million in conditional tax credits and training grants based on the company’s job creation plans. These tax credits are performance-based, meaning the company is eligible to claim incentives once Hoosiers are hired. The city of Warsaw will consider additional incentives with the support of the Kosciusko Economic Development Corporation (KEDCO).
