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Lechleiter bets history will repeat for Lilly

Eli Lilly and Co. CEO John Lechleiter keeps pouring more money into research and development, even as analysts note the payoff of such spending has dropped off 70 percent in the last decade.

Police to keep eye on Super Bowl drinking

Indiana excise police say officers will be watching partiers to make sure public drinking doesn't get out of hand during the Super Bowl in Indianapolis.

Company news

Roche Diagnostics Corp. is ramping up cargo shipments between the U.S. and Europe, securing a third weekly Cargolux flight at Indianapolis International Airport to ship its medical products overseas. The flight, which began Jan. 15, is the first scheduled Cargolux flight to depart Indianapolis and fly nonstop to Europe–opening up new export capabilities from central Indiana. Currently, Cargolux Airlines International operates two inbound flights from Luxembourg to Indianapolis, each Wednesday and Friday. Boeing 747 freighters typically take on Roche’s chemical reagents and medical devices and then stop in Chicago or other cities before heading back to Europe. The outbound Boeing 747 will have room for additional cargo, which Roche hopes to grow into, but it also could be used by other companies shipping products to Europe. Roche, based in Switzerland, operates its North American headquarters out of Indianapolis.

AIT Laboratories, one of the area’s fastest-growing companies in recent years, is now eliminating jobs. The Indianapolis-based forensics and clinical testing company won’t say how many, but officials admit its business got pinched in 2011 and now it is trying to restructure. “AIT has seen reimbursement from government and private payers reduced throughout 2011, which has had a negative financial impact on the company,” CEO Michael Evans said in a prepared statement. The job cuts are a turnabout from 2010, when AIT said it planned to create as many as 160 positions by 2014 and invest $74 million to equip a 90,000-square-foot building at Woodland Corporate Park as a new headquarters and lab. The Indiana Economic Development Corp. offered AIT up to $1.8 million in performance-based tax credits to help with the expansion. AIT had boasted as many as 500 employees recently. Some pharmacy industry websites have been buzzing with talk about “massive” job cuts at AIT, with claims of as many as 100 furloughs. AIT officials would not confirm or deny those numbers.

A California-based pharmaceutical company says it expects to hire 234 people by 2016 at a new operation on the site of a former Pfizer Inc. drug plant on the south side of Terre Haute. NantWorks LLC plans to invest $85.5 million to redevelop the facility. The manufacturing plant, which is expected to be operational in 2015, will produce cancer drugs and injectable medicines for use in critical care settings. Pfizer employed more than 800 workers at the site before closing in 2008. NantWorks officials say scientists, chemists and engineers employed by the plant will earn an average annual salary of about $51,000.

Warsaw-based Zimmer Holdings Inc. acquired Synvasive Technology Inc., which makes Stablecut surgical saw blades and a soft tissue balancing system for knees. Zimmer did not disclose the price it paid for Synvasive, a privately held company based in Reno, Nev. Zimmer has annual sales of more than $4 billion and sells its orthopedic implants in more than 25 countries.

At long last, Roche wins approval of Nano

The OK for a new blood glucose monitor comes more than two years after FDA officials declined to approve a previous version of the Nano, which in rare cases generated inflated blood sugar readings because it did not distinguish properly between the sugars glucose and maltose.

CIB expects to lose money during Super Bowl

The Capital Improvement Board, which manages Lucas Oil Stadium, is budgeting for an $810,000 loss on expenses related to the game. The city, however, expects a $200 million economic impact.

Indiana House panel backs fines on access violators

A bill that would allow fines of up to $500 against government officials found to have blatantly violated the state's open meetings or open record laws has been endorsed 11-0 by an Indiana House committee.

NCAA delays decision on stipend for scholarship athletes

The National Collegiate Athletic Association will wait to decide on whether scholarship athletes at college sports’ top division will be eligible for as much as $2,000 a year to pay for food, transportation and other incidental expenses.

State sentencing overhaul to take another year

Legislators stung last year by county prosecutors who opposed a sweeping plan to overhaul Indiana’s criminal sentencing scheme won’t push the issue this year. Sheriffs now are worried that an attempt to reduce crowding in state prisons could aggravate overpopulation in their jails.

Judge upholds Indiana school voucher law

A Marion Superior Court judge affirmed Indiana’s school voucher law on Friday, rejecting opponents’ arguments that the largest such program in the nation unconstitutionally uses public money to support religion.

Two Greenwood schools receive threats

Two schools in Greenwood, Southwest Elementary School and Greenwood Middle School, were put on lockdown Friday morning following a threatening phone call. The caller said somebody was in the parking lot of the schools armed with an AK-47 rifle. Police checked both schools and surrounding areas and found nothing suspicious. Greenwood Middle School also was evacuated Wednesday after the school received fake bomb threats.
 

Bill targets teens and tans

Lawmakers looking to protect teens debated spray tans at the Statehouse on Thursday. Legislators heard testimony on a bill that would require minors to get written consent from their parents to get a spray tan. For spray tans applied by a person, the proposed legislation would require teens to have a parent in the room with them if they choose to be partly or completely nude. The person applying the spray tan would also have to be the same gender as the client.
 

Armed robbers hit gas stations

Indianapolis police are investigating two armed gas station robberies Friday morning that may be connected. The first happened about 2 a.m. at the Village Pantry on 10th Street and Grant Avenue on the east side of the city. Two men reportedly entered the store, threatened the clerk with a gun, demanded money and took off on foot. The other robbery took place just after 4 a.m. at a Speedway in the 4000 block of South Madison Avenue, about eight miles from the other robbery. This time, two men fled in a car.