As expected, Eli Lilly and Co. said this morning it has agreed to pay $1.4 billion to settle criminal and civil charges related to its marketing of antipsychotic drug Zyprexa. Indianapolis-based Lilly set aside the money in October in anticipation of a settlement. As part of the criminal investigation, Lilly will plead guilty to a […]
A generic drugmaker asked a federal court of appeals Tuesday to lift an order that is preventing it from selling a cheaper copy of Eli Lilly and Co.’s osteoporosis drug Evista, according to Bloomberg News. The order would expire March 9 anyway. That is the same day Indianapolis-based Lilly and the generic company, Israel-based Teva […]
Eli Lilly and Co. could agree as soon as Thursday to pay $1.4 billion to settle criminal and civil charges related to its marketing of antipsychotic drug Zyprexa, according to a story today in the New York Times. The Times cited unnamed sources involved in Lilly’s negotiations with federal Justice Department officials. Indianapolis-based Lilly already […]
The flow of life sciences venture capital tailed off in Indiana last year compared with 2007, but the state still attracted twice as many dollars as in 2006. Hoosier life sciences firms pulled in a combined $75.4 million in venture capital last year, according to data compiled by BioEnterprise, a Cleveland-based life sciences development group, […]
Eli Lilly and Co. CEO John Lechleiter played a game of pharmaceutical poker with former Lilly Chief Financial Officer Jim
Cornelius—and won.
Jim Cramer, the host of CNBC’s “Mad Money” television show, said yesterday that Eli Lilly and Co. stock is “one that will help investors sleep at night” because of its 5.2 percent dividend yield, which he called “juicy.” The popular TV host has shied away from Lilly in the past because of the company’s huge […]
Generic drug makers drive up the cost of name-brand drugs developed by locally based Eli Lilly and Co. and other pharmaceutical
firms.
Fifty of ImClone Systems Inc.’s 1,280 employees have been laid off just two weeks after Eli Lilly and Co. closed its acquisition of the New York cancer drug developer, according to New Jersey Business. Nearly half of ImClone’s 70 sales people were eliminated. Most were focused on ImClone’s main drug, Erbitux. Indianapolis-based Lilly paid $70 […]
The 1,230-foot-long mural painted by Eli Lilly and Co. workers in May has been named the largest paint-by-number mural by Guinness World Records. The mural, which stetches along a concrete retaining wall on Madison Avenue south of Lilly’s campus, was painted during a day when 8,400 employees beautified the city by planting trees, cleaning weeds […]
Dr. Judith Monroe, Dr. Virginia Caine and G. Marie Swanson are three local women who have risen to leadership positions
in the health care community.
Eli Lilly & Co. has filed lawsuits against seven generic drug companies in federal court in Indianapolis, asking a judge to
declare its Cymbalta patent valid and to tell the generic companies to back off.
Purdue University is jumping on a trend toward offering naming rights for newly discovered species.
The university plans to announce Monday that a bat discovered by one of its researchers can be named for
a company, a person â??…
Ice Miller may be the biggest law firm in Indianapolis, but it’s only a medium-sized player in the national landscape. That likely prompted Ice Miller and the smaller, Louisville-based firm of Greenebaum Doll & McDonald PLLC to merge in order to stay relevant. “You need to provide legal services in more than one jurisdiction to […]
The city’s largest law firm, Ice Miller LLP, plans to merge with Louisville-based Greenebaum Doll & McDonald PLLC on Jan. 1, several sources in the legal community said. Spokeswomen for both firms said they could not immediately comment. Sources familiar with the discussions asked that their identities not be revealed. It is unclear which firm […]
Retail developers always have been an audacious breed. They spend millions to build shopping centers, confident that tenants will flock to fill the slots they didn’t prelease. To charge ahead these days takes more than the usual dose of intestinal fortitude. Everyone is nervous — from shoppers to lenders to retailers, many of which have […]
Hoping to increase sales in China’s rapidly growing pharmaceutical market, Eli Lilly and Co. is charging ahead
with
plans to invest $100 million in venture capital in the region over the next several years.
The unprecedented plunge on Wall Street the last three months has spurred a couple of dozen executives and directors at Indiana
public companies to scoop up shares in their own companies.
Indianapolis-based Eli Lilly and Co. said today that it has closed its acquisition of ImClone Systems Inc., a New York-based developer of cancer drugs. Lilly paid $70 in cash for each share of ImClone in a deal worth about $6.3 billion. Lilly outbid New York rival Bristol-Myers Squibb Co., but analysts question whether Lilly will […]
Jim Rosenstihl, an Indiana Basketball Hall of Fame coch, and Jim Limp, a retired Eli Lilly employee, together exemplified
an undying, unyielding, unrelenting friendship.
Private employers that still offer traditional pension plans are getting a big shock as they assess how much more it will
cost to shoulder retirement obligations.
