Lilly gives $1M toward Marian medical school
Marian University needs to raise $120 million for its medical school and nursing programs. So far, the Catholic institution has raised $81 million.
Marian University needs to raise $120 million for its medical school and nursing programs. So far, the Catholic institution has raised $81 million.
A proposal that would have weakened Eli Lilly and Co.’s defenses against an unwanted takeover failed to pass Monday despite a large majority of shareholders voting to remove those barriers for the second straight year.
Eli Lilly and Co. spends a lot of time these days telling the rest of the story—how well it’s doing in areas not connected to highly lucrative drugs about to see their patents expire. But for the most part, investors and analysts just want to know when the next blockbuster will be coming.
Eli Lilly and Co.’s first-quarter profit beat the expectations of Wall Street analysts, but its stock price slipped anyway Monday morning, along with the broader market.
First-quarter profit fell at Eli Lilly and Co. as the company recorded restructuring charges due to its downsizing and higher research costs as it tries to develop new drugs to help it shrug off its looming patent expirations.
Eli Lilly and Co. Inc. said Friday that the FDA has asked the drugmaker to conduct another clinical trial of its proposed pancreas drug before it resubmits an application to have the drug approved for sale.
Physicians, dentists, nurses, veterinarians, pharmacists and other medical workers would have to undergo a criminal background check when applying for a new state license under a bill approved Tuesday by an Indiana House of Representatives committee, according to the Associated Press. The House Public Health Committee voted 7-1 in favor of the bill, which would permit state boards to suspend, deny or revoke the licenses of people with criminal offenses determined to affect the person's ability to perform their duties. The Senate already has approved a version of the bill, which also would allow state boards to randomly select some seeking license renewals for criminal checks. Nearly 200,000 people are currently licensed or certified in one of the 20 professions specified in the bill. The bill allows action against a person's license if they've been convicted of various offenses, including illegal drug possession, fraudulently obtaining a controlled substance and sex crimes.
After two setbacks in the United States, Eli Lilly and Co. and Amylin Pharmaceuticals Inc. won the backing of European Union regulators for Bydureon, their once-weekly diabetes medicine. The London-based European Medicines Agency recommended Bydureon for approval in adults with Type 2 diabetes, according to a statement from the companies. The drug still must receive final approval from the European Commission. Bydureon is a long-acting version of Byetta, the twice-daily drug introduced by Indianapolis-based Lilly and San Diego-based Amylin in 2005. But Byetta has been losing sales to Denmark-based Novo Nordisk A/S's once-daily version of the medicine, Victoza, which has also been shown to be slightly more effective at reducing patients’ blood-sugar levels than Bydureon in a clinical trial. Lilly and Amylin had hoped to get Byrdureon approved a year ago. But the U.S. Food and Drug Administration delayed a decision in the spring and then in October demanded a new study of Bydureon’s effects on patients’ hearts. Lilly and Amylin expect to resubmit Bydureon to the FDA in the second half of this year. Analysts expect sales of Bydureon to top $1 billion a year and perhaps even approach $2 billion. Byetta had sales last year of $710 million, while Victoza rang up $450 million.
Indianapolis-based NICO Corp. won approval to sell its Myriad surgical device in Europe, the company reported last week. NICO can now sell its minimally invasive brain-tumor-removal device in the 27 countries that constitute the European Union. The Myriad device has been for sale in the United States since 2009 and has been used in more than 1,000 procedures, involving both adults and children. About 2 million people worldwide are diagnosed each year with a brain tumor.
The $156 million North of South project is a complicated, risky and potentially transformative bet on downtown.
Roland Dorson, president of the Greater Indianapolis Chamber of Commerce, has had a falling out with the group’s executive committee and has gone on leave from the organization.
Indiana's Republican House speaker said Thursday he had concerns about aspects of a proposal calling for an Arizona-style crackdown on illegal immigration moving through the Legislature.
The Indiana University School of Medicine has licensed a pediatric psychiatrist’s patent on
an alcohol-dependency drug that the doctor discovered improves the language and social skills of autism patients. IU has licensed the patent to Indianapolis-based Confluence Pharmaceuticals Inc.
The total annual cost for one researcher at Lilly might run $300,000 to $350,000 a year. The figure at Crown Bioscience is one-third of that, said a company executive.
TechPoint-led initiative is meant to help bring inventions to market by giving them a trial in real-world setting.
We think city officials have made a compelling case for stepping up big to secure the future of one of Indianapolis’ largest employers.
The Metropolitan Development Commission on Wednesday preliminarily approved Advion BioServices Inc.’s request for a tax abatement to build a laboratory at Purdue Research Park in Indianapolis.
Meet the people who tweet for Indianapolis Symphony Orchestra, AAA, Butler University and other local businesses.
Indiana University will receive donations totaling $10.7 million from the estate of late philanthropist Ruth Lilly, the university announced Wednesday morning.
Physicians are regarded as smart, successful and helpful when you’re sick—but not usually as a big driver of the economy. Now, however, physician trade groups are arguing that docs are good for business too.
Advion, a provider of bioanalytical research and a subsidiary of Ithaca, N.Y.-based Advion BioSciences Inc., is expected to open the 22,000-square-foot lab in mid-May with 49 employees, according to the company’s application.