EAGAN, Minn. (WCCO) — Prime Therapeutics, an Eagan-based company in Minnesota, plans to add 300 information technology and business analyst jobs through a state loan.
The pharmacy benefit management company said the expansion is thanks to a $500,000 forgivable loan from the Minnesota Department of Employment and Economic Development.
The loan will be forgiven once the company meets its employment goals under the deal. Prime Therapeutics is planning to expand the business beyond its Eagan and Bloomington buildings and occupy the former Buffets Inc. building at 1460 Buffet Way in Eagan.
Prime Therapeutics, which was launched in 1987 as the pharmacy department for Blue Cross and Blue Shield of Minnesota, has 2,100 employees in nine U.S. cities. The company is owned by 12 Blue Cross and Blue Shield plans nationally, including Blue Cross and Blue Shield of Minnesota.