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4,410 results for '\"eli lilly\"'

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Articles

Digital textbook startup moving to Indiana

November 29, 2010

Encompass Media LLC, run by Indianapolis native Scott Watanabe, projects rapid growth for digital textbooks.

Lilly, Acrux receive FDA approval for Axiron

November 24, 2010

The companies believe the underarm testosterone solution has the potential to realize sales of more than $1 billion a year in the United States.

Company news

November 23, 2010

Eli Lilly and Co. said that next year, for the first time, it would hire an outside firm to search for state disciplinary actions against its hired speakers and advisers, after reporting by New York-based ProPublica found that Lilly was paying more than 100 physicians who had been under state sanctions. Indianapolis-based Lilly and British firm GlaxoSmithKline plc had the most state-sanctioned physicians among their speakers and advisers out of the seven pharmaceutical companies that ProPublica scrutinized. For example, Lilly used cardiologist Ali Sherzoy as a speaker, paying him more than $4,300 in the first two quarters of this year. But Sherzoy had his license suspended in New York and New Jersey early this year after he pleaded guilty to one count of criminal sexual contact in 2008. Sherzoy said the matter involved his family's nanny and not his practice. He said he pleaded guilty on his lawyer's advice to put the matter behind him.

A trade group of health insurers, which includes Indianapolis-based WellPoint Inc., gave the U.S. Chamber of Commerce $86.2 million in August 2009 to wage a campaign against the health reform law being debated by Congress, according to Bloomberg News. The bill eventually was passed and became law in March 2010. The money came from America’s Health Insurance Plans and exceeded its entire budget for the previous year, according to Bloomberg. The $86.2 million paid for advertisements, polling and grass-roots events to drum up opposition to the bill. The Chamber said in a statement it used the funds to “advance a market-based health care system and advocate for fundamental reform that would improve access to quality care while lowering costs.” A WellPoint spokesman declined to comment to Bloomberg.

Teams of researchers at Indiana University and Purdue University both made striking medical breakthroughs recently. Purdue researchers found evidence that an environmental pollutant may play an important role in causing multiple sclerosis and that a hypertension drug might be used to treat the disease. They noticed that the toxin acrolein was elevated by about 60 percent in the spinal cord tissues of mice with a disease similar to multiple sclerosis. Acrolein is found in tobacco smoke and auto exhaust. Previous studies by this research team found that neuronal death caused by acrolein can be prevented by administering the hypertension drug hydralazine, also known as Apresoline. At the IU School of Medicine, researchers induced a complete remission of metastatic melanoma in mice when they introduced a potent anti-tumor gene into the stem cells in bone marrow that produce all blood and immune system cells. IU’s research has now led to a small clinical trial of 12 patients in late 2011.

L.H. Medical Corp. will add 65 jobs in Fort Wayne by 2013 as it expands its production of custom medical-device components for the orthopedic implant industry. The company will move to a new facility and begin hiring manufacturing workers and engineers early next year. Indiana Economic Development Corp. offered L.H. Medical up to $550,000 in performance-based tax credits and up to $60,000 in training grants. Also, Allen County officials will consider an additional property tax abatement.

Sisters of St. Francis Health Services Inc., which operates three hospitals in the Indianapolis area, has decided to change its name to Franciscan Alliance. The Mishawaka-based system, which has 13 hospitals in Indiana and Illinois, announced the decision of its board of directors Monday morning. The announcement comes after months of consumer research—and six months after rival system Clarian Health said it would change its name to Indiana University Health. Beginning in early 2011, all St. Francis hospitals will have the name Franciscan added to their logos, with the previous name of each hospital written below it.

Rolls-Royce lands $20M maintenance contract

November 23, 2010

Rolls-Royce Corp.’s local operation won a $20.3 million contract extension to provide maintenance services for the helicopter engines it makes for the U.S. military, the Department of Defense said Monday.

Start of downtown North of South project in flux

November 22, 2010

The developer of the $150 million mixed-use project in downtown Indianapolis had hoped to start construction by the end of the year. But delays in getting the project zoned properly likely will move the start date back.

Foundation campaign raises $201M for Riley Hospital

November 17, 2010

Riley Children’s Foundation raised $201 million through its “Hope Happens Here” fundraising campaign, the Indianapolis-based not-for-profit announced Wednesday. The money will be used to support Riley Hospital for Children.

Company news

November 16, 2010

West Lafayette-based Kylin Therapeutics Inc. received a nearly $250,000 grant from the U.S. Internal Revenue Service that will advance the company's nanoparticle cancer-treatment research. Kylin's technology uses RNA and a natural process called RNA interference to directly target and "turn off" disease-causing genes. Kylin’s technology was discovered at Purdue University by former Purdue professor Peixuan Guo.

Lilly Ventures, the venture-capital arm of Indianapolis-based Eli Lilly and Co., led a $24 million investment round in Massachusetts-based Cerulean Pharmaceuticals, which is developing nanoparticle drugs. According to Xeconomy.com, the Series C funding round will help Cerulean pay for Phase 2 clinical trials of its leading nanoparticle drug, which is designed to treat lung cancer. Steve Hall, a venture partner at Lilly, has joined Cerulean’s board of directors in connection with the funding round. Cerulean has now raised $56 million in venture capital.

Johnson Memorial Hospital asked county officials to approve a $14 million expansion of its surgical center to accommodate larger surgery suites, as well as new recovery beds and physician offices, according to the Daily Journal of Franklin. That expansion would add 29,000 square feet and renovate 9,300 square feet of existing space. Johnson Memorial wants to start construction in the spring and complete the project by late summer of 2012.

Lilly scores series of small victories

November 16, 2010

The Indianapolis-based drugmaker finally won FDA approval for its antidepressant Cymbalta to treat chronic pain and fended off a patent challenge to rising-star cancer drug Alimta, but got a ratings downgrade on its debt.

Court upholds Lilly patent on cancer drug Alimta

November 16, 2010

A U.S. District Court judge on Monday upheld Eli Lilly and Co.’s patent on the cancer drug Alimta, protecting the compound until July 2016. It was a welcome win after a difficult few months for Indianapolis-based Lilly, which is facing a wave of patent expirations in coming years.

Rolls-Royce eyeing former Lilly campus downtown

November 15, 2010

If the manufacturer and drugmaker can come to an agreement, Rolls-Royce would lease the space formerly occupied by Eli Lilly and Co. and relocate some of its 2,500 employees to the downtown campus on South Meridian Street. Discussions are expected to last several months.

Drugmakers seek Republican allies to defeat cost-cutting panel

November 15, 2010

Pharmaceutical firms led by Eli Lilly are trying to eliminate a government panel aimed at controlling Medicare spending seven months after they supported the health-care overhaul that created it.

Study: Arthritis drug co-developed by Lilly shows promise

November 12, 2010

Lilly paid $90 million in 2009 to acquire the global rights to the treatment in a bid to beef up its pipeline of medications for autoimmune diseases.

Expanding tax breaks could be a tough sell in Marion County

November 11, 2010

Republicans who now control the Indiana House are poised to push reforms next year that would strengthen local governments’ ability to offer businesses tax abatements. But the changes might be met with caution in Marion County.

People in the news – Nov. 15, 2010

November 11, 2010

People listings are free.

Drugmaker restarts race to boost ‘good’ cholesterol

November 10, 2010

Merck & Co. is betting it can succeed where Pfizer Inc. failed, with a new type of drug to combat heart disease by raising good cholesterol levels. Indianapolis-based Eli Lilly and Co. is testing a similar pill.

Acquisition big step for Lilly Diagnostics

November 9, 2010

Eli Lilly and Co.’s $800 million acquisition of Avid Radiopharmaceuticals Inc. is the biggest step yet in the drugmaker’s attempt to add diagnostics to its product portfolio.

Lilly makes $300M deal for Philadelphia drug company

November 8, 2010

Eli Lilly said it will acquire Avid Radiopharmaceuticals, maker of an experimental agent that could help identify patients with Alzheimer’s disease. The price could climb to $800 million if the agent is commercially successful.

Lilly wins approval of antidepressant Cymbalta for pain

November 5, 2010

The Food and Drug Administration has cleared Cymbalta for musculoskeletal pain such as arthritis and chronic lower back conditions, which could mean another $500 million in annual sales for Lilly, an analyst estimates.

Did Lilly get preferential treatment on a disputable billboard ad?

November 4, 2010

Billboard companies spiked the cancer ad. But Citizens Gas or WellPoint might have gotten a different result.

WHITE: Small organizations should help finance minority scholarships

November 3, 2010

Unless more businesses step up and support our region's most underserved students, the local work force will suffer.

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