News & Analysis

Deal could give Lilly full diabetes deck

January 12, 2011
J.K. Wall
Eli Lilly and Co.'s diabetes partnership with Boehringer Ingelheim GmbH represents a new kind of disease-focused strategy that some consultants think is key to pharma companies’ futures.
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Q&A: Derek Bang

January 12, 2011
J.K. Wall
Derek Bang, practice leader of health care advisory services at the Crowe Horwath accounting firm in Indianapolis, spent a week in March studying health care in the United Kingdom, especially its universal health care program. He was surprised by the “daily barrage of criticism” he heard about the National Health Service, but also found that the United Kingdom and United States face very similar issues when it comes to constraining growth in health care costs.
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Local tech consultant to expand, add 60 jobs

January 12, 2011
 IBJ Staff
Indianapolis technology firm MMY Consulting Inc. will spent $700,000 to expand its local operations, economic development officials said early Wednesday, nearly doubling its staff over the next four years.
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Education dominates Daniels' State of State address

January 11, 2011
Associated Press
Gov. Mitch Daniels urged Indiana lawmakers Tuesday night to be aggressive in making sweeping changes to the state's education system.
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Emmert has full plate at his first NCAA convention

January 11, 2011
Associated Press
Mark Emmert would like to get tougher on rule-breakers and plans to expand the push for academic reforms started by the late Myles Brand.
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Brightpoint will handle supply chain for Allied

January 11, 2011
Associated Press
Brightpoint said it will take over direct sales of Allied Wireless, as well as billing, shipping of equipment and other functions.
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UPDATE: Analysts praise Lilly diabetes deal with Boehringer

January 11, 2011
J.K. Wall
The deal Eli Lilly and Co. announced Tuesday morning with Boehringer Ingelheim GmbH sounded a lot like a baseball trade—with five drugs and payments to be named later—but analysts and investors generally liked what they heard.
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Emmis reports $1.6 million quarterly loss

January 11, 2011
The Indianapolis-based media company suffered a loss in the fiscal third quarter despite a 3-percent rise in revenue.
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ICVA executives sharing leadership duties

January 11, 2011
Scott Olson
Three hospitality industry executives are holding down the fort as the ICVA board searches for a new leader to replace outgoing CEO Don Welsh. Directors are on no timetable to name a replacement.
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Bill would lift ban on booze at Indiana State Fair

January 11, 2011
Associated Press
Republican Rep. Robert Cherry of Greenfield says alcohol sales could provide needed revenue to the State Fair and allow the event to showcase Indiana wine and beer.
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Interactive Intelligence expecting strong earnings

January 11, 2011
Scott Olson
Indianapolis-based business-communications software firm said it is expecting higher profit and revenue for both the fourth quarter and fiscal 2010. Lucrative product orders in the fourth quarter should help boost earnings.
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Trail Side funding finally closes

January 11, 2011
Tom Harton
Financing for construction of a $10 million, mixed-use building at 875 Massachusetts Ave. closed Dec. 22, allowing developers to proceed with the project after a funding snag nearly killed it.
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Citimark rejoins development game

January 11, 2011
Tom Harton
The company last month broke ground on an 8,000-square-foot medical building near 86th Street and Allisonville Road. The project is the first of three buildings it plans to develop as part of Gardens at Castle Creek.
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Lilly agrees to pay up to $1.2B for diabetes drugs

January 11, 2011
J.K. Wall
A complex deal with Boehringer Ingelheim also gives the German company rights to two experimental Lilly insulins.
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Simon Property abandons offer for Capital Shopping

January 11, 2011
Bloomberg News
Simon Property Group Inc., the largest U.S. shopping mall owner, abandoned its $4.5 billion bid for Capital Shopping Centres Group Plc after the British company resisted Simon’s takeover interest.
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Lilly partner moves up timetable for diabetes drug

January 11, 2011
Bloomberg News
Amylin Pharmaceuticals Inc., rebuffed twice in its bid for U.S. approval of a weekly diabetes drug, will meet its timetable and submit a heart-safety study to regulators by the end of 2011, its CEO said.
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Advocates say most Hoosiers want school changes

January 10, 2011
Associated Press
Advocates met at the Statehouse Monday to push education proposals that have renewed life during this legislative session because of support from Gov. Mitch Daniels and leaders in the GOP-controlled House and Senate.
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Sara Lee to lease 281,000 square feet in Plainfield

January 10, 2011
 IBJ Staff
Sara Lee Corp. has signed a lease for about 281,000 square feet of space at Plainfield Business Center at Airwest. The Illinois-based maker of food products will establish a new distribution center in the space in February.
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Bill would let Indiana pharmacies collect old meds

January 10, 2011
Associated Press
A bill authored by Republican Rep. Kevin Mahan of Hartford City would revise state law so that pharmacies could accept unused prescription drugs from customers and dispose of them securely and safely.
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Legislation would allow vote centers in all counties

January 10, 2011
Associated Press
A bill that would allow all 92 Indiana counties to set up centralized voting centers instead of traditional precinct polling places has unanimously cleared a state Senate committee.
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Tiny bank claims Stifel Nicolaus duped it on securities

January 10, 2011
J.K. Wall
The Peoples State Bank of Ellettsville says it was duped three years ago into investing more than $13 million into auction-rate securities just before those markets froze up. Now it's suing its broker, Stifel Nicolaus & Co., to get the money back.
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Closed dental company working to transfer patients

January 10, 2011
Associated Press
Citing cash-flow problems, Allcare Dental and Dentures shut down operations in 14 states, including Indiana, last week.
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Local ad agency wins Scotts account

January 10, 2011
Young & Laramore will coordinate national ad campaigns for the Marysville, Ohio-based Scotts LawnService. With 46 employees, Y&L is the third-largest ad agency in Indianapolis.
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Kokomo plant closure affects 75 workers

January 10, 2011
Kansas City-based Milbank Manufacturing Co. said it will close its Howard County plant sometime between March 8 and March 22. Milbank makes electric meter sockets.
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Lilly's Solpura may lack data to prove effectiveness

January 10, 2011
Bloomberg News
Outside advisers to the FDA will meet Jan. 12 to review whether the drug should be approved for people with pancreas insufficiency caused by cystic fibrosis, chronic pancreatitis or other conditions.
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