In 2008, Eli Lilly and Co. asked drug regulators to change the label on Alimta so Lilly could no longer promote it as a treatment
for all patients suffering from non-small-cell lung cancer, but for only about 70 percent of the patients. Since then, sales
of the drug have accelerated, growing a whopping 48 percent last year.
Several Indiana companies are in a position, or soon will be, to launch an initial public offering. But don’t expect a wave
of new Indiana public companies. In the recession, with both revenue and profits down, companies may choose to wait until
they have better numbers to report.
Retiring Indiana Supreme Court judge Ted Boehm played a leading role in the city’s emergence as an amateur sports
capital.
Carmel-based CarCheckup LLC has created a cell-phone-size device that plugs into a car’s “OBD II” diagnostic port to track
a plethora of data, such as speed ranges, graphs of RPM, and numbers on how hard the car accelerated and braked. The company
is marketing the device to parents of teen drivers, among others.
Complaints of cell phones, texters and candy wrappers are common. But what about seeing into the wings?
A maker of medical imaging equipment that recently moved its headquarters to Fishers has grand plans to reach $1 billion in
sales and build a multimillion-dollar cyclotron facility in five years. But history shows Positron Corp. has been far better
at losing money than making it.
In the past few years, a handful of cold storage facilities have sprouted locally by playing to Indianapolis' strengths
in warehousing and life sciences.
Company shareholders challenging the transaction to sell Emmis Communications Corp. still could be awarded damages despite
the board’s decision to OK the deal, lawyer says.
In the company's latest response to withering criticism of its breast-cancer policies, WellPoint Inc. said it will pay
for any breast cancer patient to stay two days in a hospital after surgery.
Goldman Jewelry, J.P. Parker Flowers and Shapiro’s Deli plan a Tuesday evening farmer’s market on the south side of downtown
Indianapolis beginning June 1.
Emmis Communications Corp. agreed to be acquired for about $90 million by closely held JS Acquisition LLC, a company formed
by Emmis CEO Jeff Smulyan.
Information that could prove her death was not an accident has surfaced during civil proceedings involving a life insurance
policy.
Hollywood Bar and Filmworks owner Ted Bulthaup said higher parking rates following Conseco Fieldhouse’s opening
drove his patrons away.
The IRS agreed.
IU Coach Tom Crean may not have the flash, or winning record, of Kentucky's John Calipari. But at least you can believe what he says and know that he's devoted to his school for the long haul.
The Arts Council of Indianapolis soon will move its office from Monument Circle to a smaller space on Pennsylvania
Street with an adjacent gallery. The move is symbolic of the council’s ongoing reinvention, as well as the financial
reality driving that effort.
Bowen Technovation has assembled an eclectic group of electrical engineers, journeyman machinists and artists to design exhibits
for museums, science centers and planetariums. Computer systems analysts and audio and lighting experts are also part of the
mix.
Top executives at Indiana's public companies have largely been insulated from the economic crash. IBJ's
review of executive pay found that, although 131 of the 238 executives listed in proxy statements the past two years saw annual
compensation fall in 2009, only 10 experienced cuts of more than $1 million.
The 12-person firm led by CEO Scott McLaughlin recently “graduated” from five years at the Indiana University Emerging Technologies Center
and finished a profitable year.
