News & Analysis

Lilly acquires biotech company with pancreatic drug

July 2, 2010
J.K. Wall
Massachusetts-based Alnara Pharmaceuticals Inc., which has attracted $55 million in venture capital in the past two years, recently submitted its drug to the FDA for market approval.
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Fort Wayne medical practice splits, following industry trend

July 2, 2010
J.K. Wall
More than 100 staff members of Indiana Medical Associates LLC likely will land at one of two area hospital systems. The move mirrors national and local consolidation of practices with hospitals.
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Vera Bradley files for $175M IPO

July 1, 2010
 IBJ Staff
The 28-year-old company reported profit in its latest fiscal year of $43.2 million on $288.9 million in sales.
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Richmond factory being closed by new owner

July 1, 2010
Associated Press
Engineered Plastic Components decision will cost 75 workers their jobs at the former Innatech plant.
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Daniels appoints trustees to IU, Purdue boards

July 1, 2010
 IBJ Staff
Former chair of the National Endowment for the Humanities among IU appointments.
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Local union boss on GM talks: 'They're forcing this upon us'

July 1, 2010
J.K. Wall
Negotiations for wage cuts meant to grease the sale of a General Motors stamping plant slated for closure will proceed over public protest of 650 local union workers.
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Employers mull legal challenge to new state gun law

July 1, 2010
Scott Olson
Indiana Chamber of Commerce president says several members have inquired about pursuing legal action, though nothing formal is in the works yet.
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Pacers, CIB still talking post-deadline

July 1, 2010
Scott Olson
A June 30 deadline imposed by the basketball team passed with no agreement on who will pay Conseco Fieldhouse operating expenses, but both sides remain optimistic a deal will get done soon.
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Grassley asks Lilly, peers about whistleblower treatment

July 1, 2010
Bloomberg News
U.S. Senator Charles Grassley asked 16 drugmakers, including Eli Lilly & Co., Pfizer Inc. and AstraZeneca Plc, to reveal how they treat whistleblowers who file complaints under the False Claims Act.
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FBI scoops up Tim Durham's car collection

June 30, 2010
Greg Andrews
An agreement with Durham's attorney paved the way for FBI agents to pick up 18 cars from Durham's residences in Indianapolis and Los Angeles.
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House speaker continues quest for jobs data

June 30, 2010
Scott Olson
State Rep. Pat Bauer says employment figures provided by the Indiana Economic Development Corp. are a good start but insists the agency is not revealing everything it can.
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UPDATE: Stamping plant suitor gets time to negotiate

June 30, 2010
J.K. Wall
There’s more time for Illinois-based JD Norman Industries to hammer out a deal to buy a General Motors stamping plant in Indianapolis, potentially saving hundreds of local jobs.
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Indiana Supreme Court upholds state's voter ID law

June 30, 2010
 IBJ Staff and Associated Press
Critics have argued that the law, which requires voters to show a photo ID to cast a ballot, violates the state constitution because it isn’t applied equally to all voters. Those who vote by mail don't have to prove their identity.
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LEADING QUESTIONS: Stolen spotlights IRT fundraising

June 30, 2010
Mason King
LQ_Stolen
                           watch
                           video Steven Stolen, managing director of Indiana Repertory Theatre, reveals his favorite how-to text and secrets for developing donors.
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Union leaders meeting with GM plant bidder

June 30, 2010
J.K. Wall
United Auto Workers official Maurice "Mo" Davison is making one last attempt to put a deal together for a Chicago-area firm to buy the General Motors stamping plant southwest of downtown Indianapolis, which is slated to close in 2011.
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Lilly's Effient steps forward, then back

June 30, 2010
J.K. Wall
A day after doctors were alerted to a black-box warning that could slow sales of Effient’s main competitor, Plavix, a medical journal published research showing that patients suffered 43-percent more cancer tumors on Effient than on Plavix.
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Doctors breathe a sigh of relief

June 30, 2010
J.K. Wall
As doctors threaten to drop Medicare patients, Congress delays cuts for another six months.
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FedEx wins dismissal of some claims in drivers' suit

June 29, 2010
Bloomberg News
FedEx Corp. won partial dismissal of a class-action lawsuit brought by contract drivers who contend they are entitled to full benefits because the company treats them as employees.
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Indianapolis office vacancy rates still rising

June 29, 2010
Scott Olson
Vacancy rates in the downtown and Keystone at the Crossing markets climbed in the past six months, according to Meridian Real Estate's latest report, but the market shows signs of stabilizing.
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Raytheon lands $250 million Navy electronics contract

June 29, 2010
J.K. Wall
Workers at Raytheon Technical Services' Indianapolis facility will spend four more years working on software to control electronics on the Navy's V-22 Osprey aircraft.
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Agency settles stadium water damage claim for $6.2M

June 29, 2010
Flooding from a drainpipe malfunction caused extensive damage to Lucas Oil Stadium's data center prior to its opening in August 2008.
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$69M U.S. Courthouse modernization a boon for local firms

June 29, 2010
Cory Schouten
More than a dozen local companies have begun work on a three-year modernization of the Birch Bayh Federal Building and U.S. Courthouse in the state's largest individual project funded by the federal stimulus.
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Allison dedicates $130 million hybrid plant

June 28, 2010
Kathleen McLaughlin
Allison Transmission Inc. said Monday that it has begun renovating a vacant manufacturing space to work on hybrid systems for commercial vehicles.
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Marcadia enlists Lilly to help develop new diabetes drug

June 28, 2010
J.K. Wall
The two companies will jointly develop a short-acting glucagon drug, which they hope proves more convenient than Lilly’s current Glucagon for patients with severe hypoglycemia.
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Group tries to turn Sunday booze ban into July 4 fireworks

June 28, 2010
J.K. Wall
An alliance of drugstores, groceries and gas stations is using the July Fourth holiday—which falls this year on Sunday—to drum up more support for ending Indiana’s ban on Sunday retail sales of alcohol.
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  1. How much you wanna bet, that 70% of the jobs created there (after construction) are minimum wage? And Harvey is correct, the vast majority of residents in this project will drive to their jobs, and to think otherwise, is like Harvey says, a pipe dream. Someone working at a restaurant or retail store will not be able to afford living there. What ever happened to people who wanted to build buildings, paying for it themselves? Not a fan of these tax deals.

  2. Uh, no GeorgeP. The project is supposed to bring on 1,000 jobs and those people along with the people that will be living in the new residential will be driving to their jobs. The walkable stuff is a pipe dream. Besides, walkable is defined as having all daily necessities within 1/2 mile. That's not the case here. Never will be.

  3. Brad is on to something there. The merger of the Formula E and IndyCar Series would give IndyCar access to International markets and Formula E access the Indianapolis 500, not to mention some other events in the USA. Maybe after 2016 but before the new Dallara is rolled out for 2018. This give IndyCar two more seasons to run the DW12 and Formula E to get charged up, pun intended. Then shock the racing world, pun intended, but making the 101st Indianapolis 500 a stellar, groundbreaking event: The first all-electric Indy 500, and use that platform to promote the future of the sport.

  4. No, HarveyF, the exact opposite. Greater density and closeness to retail and everyday necessities reduces traffic. When one has to drive miles for necessities, all those cars are on the roads for many miles. When reasonable density is built, low rise in this case, in the middle of a thriving retail area, one has to drive far less, actually reducing the number of cars on the road.

  5. The Indy Star announced today the appointment of a new Beverage Reporter! So instead of insightful reports on Indy pro sports and Indiana college teams, you now get to read stories about the 432nd new brewery open or some obscure Hoosier winery winning a county fair blue ribbon. Yep, that's the coverage we Star readers crave. Not.

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