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Lilly to buy Massachusetts biopharma company for $3.2B

July 8, 2024 | John Russell

Massachusetts-based Morphic Holding Inc. is a nine-year old, publicly traded company that is developing a class of drugs known as oral integrin therapies to treat autoimmune diseases, pulmonary hypertensive diseases, fibrotic diseases and cancer.

Pure Development co-owner sues partner, seeks liquidation of company

July 8, 2024 | Mickey Shuey

Indianapolis-based Pure Development has developed more than 35 real estate projects nationally and has a contract with the Indiana Economic Development Corp. to lead efforts on the LEAP Lebanon Innovation and Research District.

Technology hubs embraced as catalyst for growth

July 5, 2024 | Cate Charron

The CHIPS and Science Act is starting to tackle its goal of fueling domestic innovation and high-tech manufacturing in the areas of microelectronics, biotechnology, artificial intelligence and more, in Indiana and nationwide.

Nate Feltman: Indiana has had some fireworks in the first half of the year

July 5, 2024 | Nate Feltman

Eli Lilly and Co., Caitlin Clark and the Indiana Fever, the IUPUI split and other big stories have kept the newsroom busy in 2024.

Developer sues Lebanon for tech park fallout, citing LEAP District as city’s priority for water use

July 3, 2024 | Cate Charron

South Carolina-based RealtyLink is suing Lebanon for more than $25 million, alleging the city withdrew incentives after the project was delayed by the city’s inability to service the park with water.

UPDATE: FDA approves Lilly drug that can modestly slow Alzheimer’s disease

July 2, 2024 | The Washington Post

Eli Lilly’s drug—Kisunla, the brand name for donanemab—is one of the few treatments developed for Alzheimer’s that modifies the underlying disease and will join just one other drug, Leqembi, on the commercial market.

Indiana’s Heartland BioWorks Hub to receive $51M in CHIPS Act funding

July 2, 2024 | Cate Charron

Indiana’s Heartland BioWorks Hub was one of 12 hubs chosen to split $500 million in implementation funding stemming from the CHIPS and Science Act.

Weight-loss-drug frenzy lures rich Indians to brave the gray market

June 21, 2024 | Bloomberg News

The race to score blockbuster weight-loss drugs like Eli Lilly’s Mounjaro and Zepbound is pushing one of the world’s largest population of people with obesity to creative lengths.

Lilly files suit against more spas, weight-loss centers selling knockoff version of its popular drugs

June 20, 2024 | John Russell

The Indianapolis-based drugmaker said Thursday it was taking legal action against at least six additional medical spas and weight loss centers that it claimed are selling counterfeit and compounded versions of tirzepatide, the active ingredient in Lilly’s diabetes treatment Mounjaro and weight-loss treatment Zepbound.

Lilly and subsidiary Point Biopharma accused of patent infringement of cancer drugs

June 17, 2024 | John Russell

At issue is whether a drug developed by Point Biopharma, based in Indianapolis, infringed on a patent issued in 2020 and assigned to Purdue Research Foundation.

Rural Zionsville residents aim to preserve way of life

June 14, 2024 | Daniel Bradley

Bradley Ridge is Henke Development Group’s third major residential development in Zionsville after the company reshaped Westfield with its Chatham Hills and Grand Park Village projects.

IEDC announces $27.1B in pledged investments so far in 2024

June 13, 2024 | Cate Charron

This year-to-date total investment figure nearly eclipses last year’s total, which was a record of $28.7 billion.

Michigan’s largest insurer to drop weight-loss drug coverage

June 12, 2024 | Bloomberg News

Obesity drugs such as Novo’s Wegovy and Lilly’s Zepbound are exploding in popularity. But with list prices of $1,000 a month or more, insurers are balking at the prices and trying to limit how widely they’re used.

IEDC receives state approval for $88M in additional LEAP district funding

June 11, 2024 | Cate Charron

The Indiana Economic Development Corp. received the financial greenlight Tuesday afternoon to buy 1,400 more acres of land in Boone County for the LEAP Lebanon Innovation District and make more infrastructure improvements.

Lebanon needs to find new water source to support more construction, mayor says

June 11, 2024 | Daniel Bradley

Without an additional source, Lebanon cannot currently offer water to companies and developers looking to build in the city who have not already reserved allocations.

Lilly Alzheimer’s drug that can slow disease gets backing from FDA advisers

June 10, 2024 | Associated Press

If the FDA agrees with the panel’s recommendation, the drug, donanemab, would only be the second Alzheimer’s drug cleared in the U.S. that’s been shown to convincingly slow cognitive decline and memory problems due to Alzheimer’s.

Lilly hopes for positive FDA news on Alzheimer’s drug as stock sets new high

June 10, 2024 | John Russell

Lilly officials have said they are “incredibly confident” in the drug’s potential and the fact that it “offers very meaningful benefits to people with early symptomatic Alzheimer’s disease.”

IEDC seeks to purchase 2,500 more acres in Boone County for LEAP project

June 10, 2024 | Cate Charron

The IEDC is asking the state committee to allow it to redirect $88 million that had been approved for a previous project and use it to acquire more land and make infrastructure improvements in the LEAP Lebanon Innovation District.

Ticket sales for U.S. Olympic Swim Trials lag expectations, but organizers predict event will break records

June 5, 2024 | Mickey Shuey

PHOTO GALLERY: USA swimming officials on Wednesday sought to make a big splash with the unveiling of the event’s pool: a million-gallon, custom-built tub of water atop the concrete floor of Lucas Oil Stadium.

Lilly CFO Ashkenazi leaving to take job at Google parent Alphabet

June 5, 2024 | John Russell

Anat Ashkenazi was Lilly’s third-highest paid executive last year. She has worked at the company for 23 years, including as chief financial officer since 2021.

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