Lilly Q2 profit slumps 33% as older products lose steam
Indianapolis-based Eli Lilly and Co. posted a profit of $1.13 billion, down from $1.68 billion a year ago, and cut its full-year profit guidance.
Indianapolis-based Eli Lilly and Co. posted a profit of $1.13 billion, down from $1.68 billion a year ago, and cut its full-year profit guidance.
The cost to Indianapolis-based Eli Lilly and Co. would reach more than $183 million because cases brought under the False Claims Act triple the final judgment. Lilly said it plans to appeal and is confident that it will prevail.
VisionThree’s $80 million effort aims to place virtual-reality career labs in every high school, community college and university in Indiana by 2025.
Indianapolis-based Eli Lilly and Co. said Indiana’s new abortion law could hinder its ability to attract diverse scientific, engineering and business talent to the state.
GOP lawmakers had earlier tried to offer their own, more scaled-back version of an insulin price limit, but Democrats rejected it as too narrow.
Despite negative impacts, Indiana’s largest employers didn’t weigh in publicly on the state’s new abortion law while it was being debated.
Illinois Gov. J.B. Pritzker said he’s reaching out to Indiana corporate stalwarts such as Eli Lilly and Co. and Cummins Inc., which have expressed displeasure with Indiana’s new abortion law.
SomeraRoad Inc. unveiled on Friday a lineup of 12 tenants for seven Stutz buildings that occupy an entire city block. Among the new tenants: a taco shop founded by Milktooth chefs and a bar managed by Sahm Hospitality Group.
Indiana ended up with a rushed law that seemed to please few.
Indiana Gov. Eric Holcomb on Wednesday brushed off fears of business and talent attraction consequences in the wake of signing a near-total abortion ban.
U.S. District Court Judge Sarah Evans Barker ruled the plaintiffs failed to clearly show that public statements made by Elanco’s top officials were false and misleading during a two-year period in question.
In January, the cost of insulin for patients on Medicare will be capped at $35 a month. But that cap doesn’t apply to those with private insurance, which is used by the majority of those in need of insulin.
With the help of new federal legislation, Indiana leaders believe they have a strong chance of making the state a tech metropolis in the nation’s heartland.
In recent months, current and former employees of drugmaker Eli Lilly and Co., medical-equipment maker Roche Diagnostics and health care system Ascension St. Vincent have filed suit in federal district court, claiming their religious views and civil liberties were violated.
Ian Nicolini, who has served as Indy Chamber’s chief operating officer since October 2020, is leaving his position to join a commercial real estate developer working to recruit businesses to a high-tech research district planned in Boone County.
The Greenfield-based company will lay out the design for its $100 million-plus global headquarters in Indianapolis on Thursday before a hearing examiner, who will rule on the project.
Michele Sawyer started Sept. 1 as chief financial officer at the Indiana Biosciences Research Institute after more than two decades at drugmaker Eli Lilly and Co. and its animal health spinoff, Elanco Animal Health.
The money will be used to study animal models of late-onset Alzheimer’s disease as well as perform rigorous testing of potential therapeutics in animals.
Gov. Eric Holcomb led a delegation to Germany and Switzerland this week with the goal of bringing jobs and future investment to Indiana.
Indianapolis-based Eli Lilly and Co. announced Thursday that it has received a Fast Track designation from the U.S. Food and Drug Administration to investigate its diabetes drug tirzepatide for the treatment of adults with obesity.