Company news

April 14, 2010

Indianapolis-based Strand Analytical Laboratories LLC sold its paternity and immigration DNA testing unit to Orchid Cellmark Inc., a New Jersey company with annual revenue of $450,000. Financial terms were not disclosed.

Beginning in late June, Eli Lilly and Co. will move all 1,000 employees at its Faris campus on South Meridian Street in Indianapolis to its Lilly Corporate Center complex on McCarty Street. Lilly’s ongoing staff cuts have reduced its need for the Faris space, and the Indianapolis company wants to locate its employees on the same campus as part of a new business structure. The company hired CB Richard Ellis in August to lease the 465,000 square feet on the Faris campus. Lilly first said in October that it would move all 1,000 employees out of the Faris complex. The campus opened in late 2002.

Purdue University has received $14.9 million in federal stimulus funding from the National Institutes of Health to expand its Bindley Bioscience Center for cancer and life sciences research in West Lafayette. Purdue expects to hire 30 to 40 people to conduct federally funded research on animals at the center once the expansion opens in April 2013. The 29,000-square-foot addition will be called the Multidisciplinary Cancer Research Facility at Purdue. Construction is set to begin in August. The Bindley Bioscence Center, located on Purdue’s Discovery Park research campus, opened in 2005. The existing facility is 50,000 square feet.