Home » Search
Search Results
4,410 results for '\"eli lilly\"'
- Sort By
-
Date
- Any Time
- Past Day
- Past Week
- Past Month
- Past Year
-
Custom Date Range
Articles
Tax breaks approved for bioanalytical lab operator
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.
Six faces behind Indianapolis business Twitter handles
Meet the people who tweet for Indianapolis Symphony Orchestra, AAA, Butler University and other local businesses.
Ruth Lilly estate donates $10.7M to Indiana University
Indiana University will receive donations totaling $10.7 million from the estate of late philanthropist Ruth Lilly, the university announced Wednesday morning.
Doc groups play up economic impact
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.
Bioanalytical researcher seeking abatement for new lab
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.
Antidepressants linked to narrowed arteries
The study included Eli Lilly and Co. drug Cymbalta, which racked up sales of $3.5 billion last year for the Indianapolis-based drugmaker.
Tax breaks for Rolls-Royce hinge on investment, not jobs
City officials’ fear that Rolls-Royce Corp. might pull thousands of jobs out of Indianapolis drove the negotiations that culminated last month with the company’s committing to move 2,500 of its local office employees to the south side of downtown.
Firm coordinator promoted to manager of diversity, pro bono
The Indianapolis law firm of Baker & Daniels LLP has promoted Brita A. Horvath to manager of diversity and pro bono.
City sells North of South bonds, locks in 5.2-percent rate
The city of Indianapolis went to the bond market last month to sell $97 million in debt for the $155 million North of South hotel and retail project near the Eli Lilly and Co. campus.
Captain Kidd’s cannon to land at Children’s Museum
The Children’s Museum of Indianapolis received a $1 million grant from the Eli Lilly and Co. Foundation to support expeditions by an Indiana University team to Captain Kidd’s ship in the Dominican Republic.
Who’s Who in Banking and Finance – 2011
In this installment of IBJ's Who's Who series, meet key members of the city’s banking and finance sector. They include bankers, fund managers, venture capitalists, lawyers, financial planners and others who influence the movement and availability of money in the local economy.
Drugmaker Lilly launches global service program
Eli Lilly and Co. is starting a service program that sends employees around the world to help developing communities and learn about other cultures, as the drugmaker looks to international markets.
People
VMS, an Indianapolis-based marketing firm specializing in pharmaceutical and biotechnology firms, has hired Phil Belt as its chief operating officer. Belt previously was a vice president at Credit Suisse, focused on private-equity investments in life sciences. Before that, he oversaw the product and corporate communications teams at Eli Lilly and Co.
Dr. Techsin T. Ty has been appointed medical director of Mississippi-based Great Lakes Home Health’s central Indiana service area. Ty practices internal medicine in Kokomo.
Dr. Steven G. Becker has been named interim assistant dean and interim director of the Indiana University School of Medicine’s Evansville branch. He succeeds Rex D. Stith, who had directed the Evansville campus for 18 years. Becker also will continue to serve as a professor of physiology.
Carmel-based CNO Financial Group Inc. hired John M. Bradley as vice president of product management for Medicare markets. Bradley, an actuary, comes from Illinois-based Combined Insurance Co.
Maturing Chinese market gives WellPoint new prospects
Premiums for private health insurers in China are expected to rise to $90 billion by 2020 from $9 billion now, and WellPoint Inc. is angling for a big piece of that pie.
Demographic shift steers Lilly’s Asian operations
China remains a small market for Eli Lilly and Co. It generated $320 million in sales for the company in 2010, just 1.3 percent of its $23 billion in sales worldwide. But Lilly has big ambitions in China and is racing to capitalize on its rapid economic growth.
Pentagon issues 90-day stop-work order on GE-Rolls engine
The U.S. Defense Department on Thursday directed General Electric Co. and Rolls-Royce Group Plc to halt work on a second engine for the F-35 Joint Strike Fighter until there is more explicit direction in the fiscal 2012 budget.
Panel backs Indiana gay marriage ban amendment
The Senate Judiciary Committee advanced the amendment on a 7-3 party line vote Wednesday, with Republican senators rejecting arguments that language prohibiting civil unions could threaten the ability of employers to offer domestic partner benefits.
Company news
Zimmer Holdings Inc. and Biomet Inc., both based in Warsaw, are among the bidders for AstraZeneca Plc’s Astra Tech, a Swedish unit that makes dental implants and medical devices, reported Bloomberg, citing two people with direct knowledge of the matter. Astra Tech may sell for $1.8 billion to $2.1 billion, according to a research note by analysts at Sanford C. Bernstein. Astra Tech, which also makes medical devices for urology and surgery, had sales last year of $535 million. It employs 2,200 and operates in 16 markets. Separately, Zimmer won a $13.5 million contract to sell orthopedic implants to the U.S. Department of Defense. The new contract is guaranteed for one year, with the possibility of four one-year renewals.
Elanco, the animal health unit of Indianapolis-based Eli Lilly and Co., which this month agreed to acquire Johnson & Johnson’s European animal health unit, also had its eyes on another target, according to a Reuters report. A now-abandoned joint venture between the animal health businesses of New Jersey-based Merck & Co. Inc. and France-based Sanofi-Aventis SA anticipated selling off some assets for roughly $1 billion, according to unnamed sources cited by Reuters. The news agency reported that Elanco paid roughly $300 million to Johnson & Johnson, in order to acquire 50 animal health medicines sold under the name Janssen Animal Health. Elanco is the world’s fourth-largest animal health company, with $1.4 billion in annual revenue.
How’s this for financing drug development? Even though it hadn’t brought a single product even close to the market, Carmel-based Marcadia Biotech Inc. was sitting on $37 million in cash when it agreed to sell itself in December to Switzerland-based Roche. The money piled up not from venture capitalists but through Marcadia’s research partnerships with large pharmaceutical companies, primarily with New Jersey-based Merck & Co. Inc. “Our venture-capital firms were going crazy. They never had a company that had to pay taxes,” said Fritz French, former CEO of the 11-person firm, which had attracted $15 million from investors early in its existence. French and his management team sold Marcadia for $287 million, with the possibility of reaping $250 million more if one of Marcadia’s experimental diabetes drugs makes it to market.
Elkhart General Healthcare System and Memorial Hospital and Health System of South Bend have agreed to merge. The two hospitals signed a memorandum of understanding to develop a parent organization that will operate both systems. Memorial CEO Phil Newbold will lead the combined organization. According to Newbold, the affiliation will attract more physicians to engage with the new system and help direct its future. “Together, Elkhart General and Memorial will have more than 700 highly skilled, well-trained physicians on staff. This shared medical expertise will enable us to attract even more specialized professionals to the area and produce the region’s highest quality of care,” Newbold said. Memorial Hospital boasts 526 beds. Elkhart General has 325 beds.