Calibrium LLC and MB2 LLC, both based in Carmel, have agreed to be sold for undisclosed amounts. They were developing diabetes drugs discovered by the research team of Richard DiMarchi, a chemistry professor at Indiana University.
Heartland Food Products Group announced Tuesday that it plans to acquire low-calorie sweetener brand Splenda, creating the need for a major expansion at its Indianapolis-area operations.
Although the $10 million Pike Township YMCA has no timetable for completion, officials have pledged to offer extensive services to veterans in conjunction with the Richard L. Roudebush VA Medical Center.
Timothy E. Cook funded his personal expenses by falsely promoting stock in his Indianapolis-based cancer research firm Xytos Inc. long after it had ceased operations, according to a federal court ruling.
Eli Lilly and Co. didn’t win approval for a new drug last week. But its latest study of an existing diabetes drug could create a blockbuster in its own right—adding as much as $1 billion a year to the coffers of the Indianapolis-based drugmaker.
The Carmel Redevelopment Commission has agreed to pay up to nearly $25,000 for a firm to create initial designs for a potential hotel and separate conference center at City Center.
After quiet debuts, Chase Bank and Fifth Third Bank plan to continue deploying tablet-interfaced ATMs in central Indiana, a sign that the slimmer machines might be a permanent fixture as banks rely less on tellers.
Dr. Bill Tierney, who has led the Regenstrief medical informatics research operation for five years, will become chair of the department of population health at the Dell Medical School at the University of Texas at Austin.
ChaCha has moved out of its offices but is still operating. It posted a profit on $2 million in revenue last quarter, and CEO Scott Jones wants to stay in the black until someone buys the Q&A search company.
Hoosier entrepreneurs in health care and life sciences attracted more than $31 million from investors during the first half of the year. But too few Indiana companies have developed their technology enough to attract venture capitalists or tap stock markets.
The most recent Report of the Social Security Administration projects that, in 2020, interest earnings will not be enough to cover Social Security’s deficit, so the Social Security Trust Fund’s balance will begin to decline. It is expected the balance will be zero sometime in 2034.
Brad Wheeler is making textbooks more affordable for students by making it simpler to obtain digital versions while trying to offer other materials to students virtually as well. His groundbreaking work is not only helping students at Indiana University but he’s collaborating with other institutions to exert greater control over the digital learning landscape.
Mike Meadows helped with the massive task of taking Lilly’s IT organization through a downsizing that reduced expenses about 40 percent—with no significant IT service disruptions.
Bryan Everly and his team built software development virtually from scratch at NextGear Capital, a fast-growing provider of inventory financing for dealers of new and used cars.
With this year’s bill estimated at $37 billion and counting, perhaps the sheer cost of cleaning up after IT security breaches at health care organizations will spur the industry to find a bandage for its hemorrhaging computer systems.
