To refine your search through our archives use our Advanced Search
Even with debt levels at Eli Lilly and Co. at paltry lows, a string of bad news finally forced Standard & Poor’s
to lower
its rating on the company’s senior unsecured debt. But the New York-based agency said it believes the Indianapolis-based
drugmaker will eventually break its string of bad luck on developing new products.
Roche Diagnostics agreed to pay $100 million to acquire California-based BioImagene Inc., a maker of tissue-based
cancer diagnostic equipment, according to Reuters. Such diagnostic tools are becoming increasingly important to identify the
small groups of patients who are the targets of new cancer drugs aimed at specific genetic profiles. Switzerland-based Roche
also has a pharmaceutical business and is the world’s largest maker of cancer drugs. The company’s U.S. diagnostic
business is headquartered in Indianapolis, though its tissue diagnostics is concentrated in Arizona.
Drug developer Endocyte Inc. has raised more than $100 million in private investment and grant funding,
so it’s now going to test the public markets. The company, headquartered at Purdue University Park in West Lafayette,
filed last week for an initial public offering. Endocyte has a pipeline of drugs in development for the treatment of various
cancers and inflammatory diseases, including six drugs in clinical trials. Endocyte’s IPO is the third announced so
far this year in Indiana. Fort Wayne-based Vera Bradley Inc., a handbag maker, filed plans last month to raise $175 million.
Evansville-based UCI International, a supplier of replacement parts for the light- and heavy-duty vehicle aftermarket, said
in July it plans to raise $200 million. Nationally, the IPO market looks to be improving. So far this year 170 have been filed,
topping the 119 filed in 2009 and the 153 in 2008.
Indiana is getting a $1 million federal grant to improve monitoring of health insurance premiums and develop a website to
help consumers, according to the Associated Press. The grant awarded by the U.S. Department of Health and Human Services is
part of the federal health reform bill. The Indiana Department of Insurance will use the money to hire actuaries to help it
review proposed premium increases. It also will develop a website on which consumers can review rate filings and post comments.
Filings currently are only available in paper form upon request.
The Rathskeller opened for lunch Tuesday, and the YMCA branch inside the Athenaeum Building will reopen in a limited capacity on Wednesday.
Ben Bernanke may be worried about deflation in the economy, but there’s certainly no chance of it in health care and
insurance. Employers’ health plan premiums surged another 8 percent this year, according to results from a massive survey
by Indianapolis-based United Benefit Advisors.
Lawrence police are investigating a possible connection in two armed robberies at separate Waffle House restaurants in Indianapolis.
A man armed with a handgun stole the cash register at the Waffle House at 7290 Pendleton Pike about 1:30 a.m. Tuesday. Officers
stopped a black Ford Taurus that may have been used as the getaway car, but did not find the man matching the robber’s
description. Police wonder whether the crime is related to Monday’s robbery of a Waffle House near East 21st Street
and Post Road.
The Rathskeller restaurant in downtown Indianapolis has reopened a day after a 30-ton crane collapsed on its patio, setting
off the sprinkler system. Water damaged parts of the building, but the manager said workers have been able to clean up the
mess. It's still unclear when the YMCA at the historic Athenaeum would reopen. That part of the building suffered structural
and water damage.
Indianapolis Public Safety Director Frank Straub said Tuesday morning that he has no intention of resigning. Straub said the
department will get through the current turmoil brought on by several high-profile cases involving police misconduct or mistakes.
Over the weekend, Straub announced the demotion of three high-ranking police officers, citing lack of leadership in the botched
investigation of officer David Bisard. Members of the Baptist Alliance called for Straub’s resignation at Monday night's
City-County Council meeting. Fox59 will have more at 4 p.m.
A prolific developer of urban apartments has acquired another building near downtown and plans to turn it into an affordable
artists' community.
Auto parts retailing giant bought the naming rights to the NHRA facility in Indianapolis, and it wants its money's worth.
But the transition could be challenging.
Provider of employment services for people with disabilities expands services to six more counties in an effort to grow revenue.
E-mail marketing firm’s purchase of mPath gives company a presence in Australia, New Zealand and Asia. The acquisition is
the third for ExactTarget in the past year.
The talk of the town back in 1929, the Mediterranean-style house at 118 Ulen Blvd. is now simply home for husband and wife
Gary Katona and Jennifer Jones-Katona, former Indianapolis city dwellers who retreated to the quiet “town within a town”
15 years ago.
Pending sales are shooting up this month, and list prices are edging up over the long haul, a broker notes.
Well-designed window treatments can provide a multitude of benefits.
IBJ has compiled its All-Star Agents lists annually since 1997. Agents are ranked by their sales volume over a two-year
period.
A university committee said an early-retirement offer could reduce salary and benefit costs, and eliminate the need for layoffs.
Purchase of Multi Staffing Services Inc. in Mobile, Ala., enables Columbus, Ind.-based Elwood Staffing to grow to 45 locations
in 10 states and to more than $200 million in annual revenue. Founded in 1980, the company has 22 offices in Indiana.
Indiana's top school official says more students are graduating high school and many schools have closed the achievement
gap between white students and their black peers despite lean funding.
Prosecutors say 41-year-old Miami Beach resident Nevin Shapiro left at least 60 investors in Florida, Indiana and New
Jersey with about $80 million in losses after his Ponzi scheme collapsed.
About 2.5 million square feet of industrial space is expected to hit the market between now and the end of the year, most
of it in the Plainfield area.
