Eli Lilly and Co. has completed shifting exclusive production of a tuberculosis antibiotic to Purdue Research Foundation. The foundation’s Chao Center for Industrial Pharmacy & Contract Manufacturing will manufacture and distribute the drug, called Seromycin. Lilly sold the rights for an undisclosed price and donated the manufacturing equipment. Approximately 10,000 Americans are thought to have […]
Indianapolis Historical Society leaders are taking the next step in the evolution of the archival-research-based group. The
group’s 8-year-old facility, the Indiana History Center, is getting a Disneyesque makeover, as is its programs.
Business and education leaders are hanging up their boxing gloves in favor of working together to stem the local high school dropout rate. “We’ve typically been at odds with the education community,” said Roland Dorson, president of the Greater Indianapolis Chamber of Commerce. Long-standing finger pointing has had businesses issuing mandates that schools educate their students better and educators claiming they don’t receive the help they need from businesses, Dorson said. “We get beat up by business and professional groups…
Eli Lilly and Co. CEO Sidney Taurel says the company will continue reducing its work force – even through some job cuts – as the entire pharmaceutical industry tries to retool for a future without the kinds of mega-blockbusters that sustained it for decades. “We’re going to continue, year after year, with great intensity, to […]
Indianapolis-based YourEncore has launched new services designed to help life sciences companies plan for and obtain regulatory approval for new products. To run its regulatory services, YourEncore hired Carol Crowley, a 25-year veteran of the drug and device industry. Prior to joining YourEncore, Crowley was vice president of global regulatory operations for France-based Aventis SA, […]
The president of Elanco Animal Health, a subsidiary of Eli Lilly and Co., will leave to become a special adviser on corporate development to the Indiana State Department of Agriculture, Lilly announced today. Pat James had led Lilly’s animal health division since 2001 and worked at Lilly since 1978. He will be replaced Jan. 1 […]
While other states strive to find their places in today’s international economy, the Hoosier state has made a reputation for itself in the life sciences arena. It’s an important effort, especially when you consider that our state’s past successes were in the field of manufacturing. Con sidering that the 2007 Indiana Manufacturers Directory reports Indiana lost more than 17,000 manufacturing jobs in the past year, this new economic model built upon technology and life sciences is important, if not essential,…
Creative Street Media Group has come a long way-literally and figuratively-from its humble beginnings 23 years ago. The small video production company has become a corporate conglomerate, with 67 employees in five facilities who handle everything from promotional materials to interactive education. Oh yeah, and they also crank out some award-winning TV shows-like the Emmy Award-winning “Vietnam Nurses with Dana Delany.” For all its progress, Creative Street is not done growing. Any day now, the company will expand its reach…
An insulin manufacturing plant that Indianapolis-based Eli Lilly and Co. began building in Prince William County, Va., has been acquired by Covance Inc. for an undisclosed price. Lilly announced in January that it had stopped construction because insulin demand wasn’t as high as anticipated. Covance, a drug development services company headquartered in Princeton, N.J., said […]
Entertainment is a big part of a $480 million development proposed for the south side of downtown–plans include a 3,400-seat
theater to attract the likes of Bruce Springsteen and first-run tours of Broadway shows such as “Wicked.” The question is
whether the city can support another midsize venue.
Ten times a year, for 24 hours, a select group of executives leaves the comforts of career to embark on an experience meant to mold the participants into better leaders. They gather on Thursday evenings for dinner, bunk overnight at a hotel, and spend the following day listening to the likes of Dennis Perkins, author of “Leading at the Edge: Leadership Lessons from the Extraordinary Saga of Shackleton’s Antarctic Expedition.” Or, they may travel to Saint Meinrad in southern Indiana…
If Circle Centre mall were built today, it would cost $420 million. Throw in another $60 million, and you’ve got the price
of Legends District-SoDo, a proposed mixed-use development on the south edge of downtown.
The Indiana Health Information Exchange recently hired Dr. Greg Larkin to be its chief medical officer. Larkin, who is the longtime head of Eli Lilly and Co.’s employee clinics and health plans, will focus on the exchange’s Quality Health First program, which aims to use a local database of doctors’ records and insurance claims to help doctors improve their quality of care. The program includes health insurance plans-such as Anthem, UnitedHealth and Medicare-that cover on average 70 percent of local…
The National Urban League gave Eli Lilly and Co. its highest corporate honor today for helping with a health
outreach program to African-Americans.
Just two weeks ago another venerable civil rights group, the NAACP, backed a lawsuit filed for current and…
Two weeks ago, the NAACP backed existing and former black employees of Indianapolis-based Eli Lilly and Co. in a lawsuit that claims they were treated unfairly. Today, the National Urban League bestowed its Corporate Leadership Award on the pharmaceutical maker for working with the Urban League-also a civil rights group-to sponsor a program that encourages […]
Indianapolis-based Technuity Inc. has been acquired by Audiovox Corp. of Hauppauge, N.Y., for $16.5 million, plus repayment of $4 million in debt. The deal closed Nov. 1, Audiovox announced today. Technuity is the exclusive North American licensee of Energizer Power Protection products and Energizer rechargeable batteries and accessories. About 30 people are employed at its […]
After reporting mixed results on a potentially lucrative blood thinner, Eli Lilly and Co. plans a new late-stage test of prasugrel for patients not receiving stents to open clogged heart arteries. Lilly and its development partner, Daiichi Sankyo Co. Ltd., plan to submit the drug for regulatory approval before the end of this year; the […]
There’s a $2 billion hole in Eli Lilly and Co.’s future. That’s roughly how much pretax profit Lilly derives each year from
its best-seller, Zyprexa, according to calculations by IBJ. And it’s how much black ink will start running off Lilly’s books
once Zyprexa’s U.S. and European patents expire in 2011.
If the idea of building a $50 million, 7-1/2-mile pedestrian and biking trail through the streets of downtown Indianapolis
is indeed crazy, Brian Payne might be considered the Indianapolis Cultural trail’s mad scientist. His leadership, persistence
and passion for the project are the key reasons the first leg of the trail is due to open this month along Alabama Street.
HemaQuest Pharmaceuticals, a startup in Newton, Mass., said today it has received $20 million in funding from Lilly Ventures, De Novo Ventures of Palo Alto, Calif.; and Forward Ventures of San Diego. The amount of the investment by Lilly Ventures, the venture capital arm of Indianapolis-based Eli Lilly and Co., wasn’t specified. HemaQuest is developing […]
