Lilly is moving about 200 scientists and researchers who had worked in nearby Cambridge, Massachusetts, to the new center, and plans to add about 300 employees.
The Citizens Energy-Lebanon Utilities project is one of several water and wastewater improvement efforts around the state that could be funded through $500 million in bonds approved by the Indiana Finance Authority.
The Citizens Energy and Lebanon Utilities project would supply the Eli Lilly and Co. manufacturing complex expansion, additional park tenants and new development in the city.
The five-year-old, clinical-stage drugmaker has already raised more than $213 million to develop therapeutics to treat rare endocrine disorders, a huge amount for a startup.
Indiana Gov. Eric Holcomb so far this year has visited Australia, Singapore, Belgium, France, the Netherlands, Mexico, Brazil and Canada across four individual trade trips.
Lilly said its new option will help millions of adults with obesity access the medicine they need, including those not eligible for the Zepbound savings card program, those without employer coverage, and those who need to self-pay outside of insurance.
After taking in the Indiana Fever’s victory on Wednesday, Simone Biles and Gabby Thomas discussed teamwork on Thursday with thousands of employees for Team USA sponsor Eli Lilly and Co.
Lilly and rival Novo Nordisk have been battling the emerging industry making copies of their top-selling diabetes and weight-loss drugs, a situation without modern precedent.
More than two years after Gov. Eric Holcomb’s Indiana Economic Development Corp. quietly disclosed plans for the 9,000-acre campus in Boone County, the endeavor’s future now largely depends on the guidance of the next governor.
Classifying Indiana’s economic development efforts as “failed business attraction strategies” and the LEAP District (which will bring hundreds of new high-paying jobs to the state) as “deeply troubled” is wrong.
With Ukrainian President Volodymyr Zelenskyy watching, Indiana Gov. Eric Holcomb signed a memorandum of understanding to grow a relationship focused on academia, agriculture and economic development.
Lucas Montarce, who has been with Lilly since 2001 and most recently served as president for its Spain, Portugal and Greece operations, is now the company’s CFO and executive vice president.
In the past year, Scot Lindsey has led the development and rollout of a first-of-its-kind, patent-pending proprietary speed-of-movement solution technology that assures quality and safety by minimizing contamination in sterile pharmaceutical manufacturing environments.
Pacers executive Todd Taylor was the keynote speaker at IBJ’s Tech Exec of the Year event, which honored 10 technology leaders from business and government.
Nationally, the average cost of employer-sponsored health plans is expected to grow 9% next year if companies don’t find ways to cut costs, according to an Aug. 15 report by professional services firm Aon.
The five-year-old company is developing treatments for endocrine and metabolic disorders, such as hypoparathyroidism, post-bariatric hypoglycemia and obesity. Its positive reception on Wall Street was seen as an extension of the general enthusiasm for obesity treatments.
