Second-home sales rebounding with broader market
Buyers coming into the market range from retirees to wealthy executives and even modest earners.
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A&E priorities for June 20-26
Stuck for something to do this weekend? Start with one of Indy’s most popular festivals and consider a concert among the critters.
Lilly’s Zyprexa injection probed by FDA after deaths
Eli Lilly and Co.’s injectable form of the antipsychotic Zyprexa is being investigated by U.S. regulators after two patients died three to four days after receiving the drug.
Drugmakers may face ‘pay for delay’ suits, high court rules
Drug companies like Eli Lilly and Co. can be sued for paying rivals to delay low-cost versions of popular medicines, the U.S. Supreme Court said in a decision that rewrites the rules governing the release of generic drugs.
Company news
Eli Lilly and Co. will pay Canadian drug developer Transition Therapeutics Inc. $7 million and take over the development of a potential diabetes treatment heading into mid-stage clinical testing. According to the Associated Press, Transition said Monday it also could receive up to $240 million in additional payments, plus royalties, if the treatment is eventually approved and sold. It also will pay Indianapolis-based Lilly $14 million in three installments during the mid-stage study. The drug, labeled TT-401, is being developed to treat the most common form of diabetes, type 2, and accompanying obesity. Demand for drugs that treat diabetes is climbing as rising instances of obesity are causing an explosion of diabetes cases globally.
The Indiana University School of Medicine won a $1 million grant from the American Medical Association to launch a virtual health system curriculum for training medical students. The med school is one of 11 grant recipients. IU will use a teaching version of an electronic medical record system to help students use huge quantities of data to make clinical decisions, as well as to monitor the cost of their decisions. Medical school officials said the virtual health system curriculum will be better suited to the changing health care environment its students will encounter after graduation.
Starting July 1, a new state law will allow pharmacists to administer vaccinations for pneumonia, tetanus, diphtheria, acellular pertussis, HPV infections and meningitis, according to The Statehouse File news service. Currently, the only immunizations pharmacists can administer are flu shots. Pharmacists must continue to perform immunizations under physician-monitored guidelines. More than 40 states allow pharmacists to provide immunizations, although requirements for education and oversight vary. In Indiana, pharmacists must undergo immunization training. Already, the state has more than 2,700 pharmacists trained to provide the shots and several hundred new ones are added annually.
Colts fans will face new security measures
NFL fans won’t be carrying much into games this season, unless it fits inside a clutch or a zip-lock bag. The NFL revealed a new security policy on Thursday that bans all bags except clear plastic bags that do not exceed approximately a square foot, or small clutch purses or other handheld bags that are roughly the size of your hand. Seat cushions will also be banned this year. According to the NFL, the new policy will increase security and speed up entrance into the stadium. The Indianapolis Colts have announced that they will be complying with the new security measures.
IPL credits $1B in Indiana investments with nabbing new U.S. hub
The state's corporate-friendly environmental policies aside, Indianapolis Power and Light Co.’s parent chose the city as its new center for U.S. operations largely because of the utility's billion-dollar upgrades.
Governments helped fuel nursing-facility developer’s rise
Carmel-based Mainstreet Property Group has built 13 nursing homes in Indiana and Illinois since 2008. Six of the dozen Indiana properties benefited from municipal-backed credit or tax breaks, and a seventh received a reduced-impact fee. Mainstreet also received $345,000 in state economic incentives.
Indiana Landmarks nearing $25M fundraising goal
Preservation group Indiana Landmarks kicked off the public portion of its $25 million capital and endowment campaign Thursday evening, entering the homestretch of a fundraising effort that began in 2010.
KENNEDY: Mom-and-pops keep skin in the game
Sometimes, the more we learn, the more complicated things get.
LOU’S VIEWS: Going for seconds at Carmel gallery walk
Carmel’s Arts & Design district has grown to represent nine galleries. It’s Second Saturday walk has grown into a popular social event.
EDITORIAL: Fishers, Noblesville make the right call
We’ve heard the lament for years: Center Township is home to Indianapolis’ greatest concentration of institutions that pay no property taxes.
IPL parent eyes Indy for corporate services hub
AES Corp., based in Arlington, Va., has been considering Indianapolis as the hub for a new shared-services center, and is planning a major economic development announcement in the city on Friday.
Three other firms courted Indy’s ExactTarget before Salesforce landed prize
At least three other companies pursued the Indianapolis digital marketer amid its courtship with San Francisco-based Salesforce.com, which led to a $2.5 billion buyout announced June 4.
At least 3 others persued ExactTarget
For a bunch of computer nerds, ExactTarget certainly had a lot of suitors. At least three other companies pursued the Indianapolis digital marketer amid its courtship with San Francisco-based Salesforce.com, which led to a $2.5 billion buyout announced June 4. A U.S. Securities Exchange Commission filing Wednesday details a bidding war in which Salesforce had […]
Most of Indiana’s largest public companies enjoyed strong 2012
Angie’s List turned a profit for the first time in nearly two decades.
A&E priority list for June 13-19: Celeb softball, ‘Spamalot,’ and…zombies!
This week, basketball and football pros hit the diamond and the undead overrun the Indiana Historical Society
Councilor raises questions about cricket group’s track record
The USA Cricket Association, a group that Indianapolis Mayor Greg Ballard hopes will bring high-level competition to a new $6 million local sports park, staged zero national tournaments in 2012.