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Eli Lilly and Co. could benefit from a recent New England Journal of Medicine report that Avandia, GlaxoSmithKline’s diabetes drug, might heighten the risk of heart attacks by 43 percent, according to Forbes. Lilly and a Japanese partner have developed Actos, which is similar to Avandia. However, unlike GlaxoSmithKline’s drug, Actos doesn’t make a big […]

A plastics-molding plant in the southwestern Indiana town of Mount Vernon has been bought as part of Saudi Basic Industries Corp.’s $11.6 billion acquisition of GE Plastics. The Saudi Arabian company is committed to the facility and its 1,450 workers, GE Plastics CEO Brian Gladden told the Evansville Courier & Press. Opened in 1960, the […]

Nikki Longworth no longer is executive director of Indianapolis City Market. Her departure ends a sometimes-controversial six-year tenure. A market employee confirmed the departure. Additional information was not immediately available. The market is in the midst of a $1.8 million renovation that is running behind schedule.

The nation’s only CVS pharmacy to be build in the Art Deco style will be in The Village of West Clay in Carmel, the developer, Brenwick Development, said today. The 13,013-square-foot store is expected to open this fall.

Jury selection was expected to begin late this morning in the civil trial of Timothy Harcharik, a former Brightpoint Inc. worker accused of helping orchestrate an $11.9 million accounting fraud in the late 1990s. Harcharik, 53, served as Brightpoint’s director of risk management from 1997 to 2002. The Securities and Exchange Commission says that in […]

Patrick Industries Inc. has completed its purchase of Adorn LLC, another Elkhart maker of recreational vehicle and manufactured house components. The price was not disclosed. Publicly-traded Patrick generated $348 million in revenue last year and Adorn, $240 million. Patrick said the acquisition will add synergies in logistics, personnel, purchasing and other functions.

Miasa Automotive LLC, which makes transmission parts, plans to open its first U.S. plant in Muncie. The Spanish company will hire 12 workers to make gearbox components. The company received nearly $90,000 in tax credits and other incentives from the state and Delaware County, according to Indiana Economic Development Corp.

This year’s TechPoint Mira Award winners included Indianapolis-based ExactTarget, ChaCha, of Carmel, and West Lafayette life science company Quadraspec Inc. The awards are given out annually by the not-for-profit to promote Indiana technology-based companies. This year’s winners, announced Friday, include: -Information Technology Company: ExactTarget, Indianapolis -Information Technology Gazelle Company: ChaCha, Carmel -Health & Life Sciences […]