A shareholder in New York-based ImClone Systems Inc. has filed a lawsuit in an attempt to stop its pending acquisition by Eli Lilly and Co., according to a disclosure filed today with the U.S. Securities and Exchange Commission. State-Boston Retirement System of Massachusetts and several individual ImClone shareholders claim the company provided too little information […]
Times are tough enough that more people are beginning to switch to generic drugs to save money. Insurers
like Indianapolis-based WellPoint are playing a role, too, by pushing policy holders toward generics.
People also are splitting pills…
Dr. Catherine Michael, a part-time emergency physician for Indianapolis-based St. Vincent Health, desperately wants Republican John McCain to be the next president. The 39-year-old mother of three gave McCain’s campaign $500 in May because, she said, he will appoint Supreme Court Justices that are antiabortion. Michael, who attends a conservative Presbyterian church, […]
Eli Lilly and Co. could face a delay on the highly anticipated weekly version of its diabetes drug, Byetta. Data for a once-weekly version of Byetta did not adequately show that batches of commercially manufactured Byetta were comparable with batches manufactured earlier for use in clinical trials. That’s what the U.S. Food and Drug Administration […]
Republican Gov. Mitch Daniels will be staying in the Statehouse for a second term. The Associated Press declared Daniels, a former Eli Lilly and Co. executive, the winner over Democrat Jill Long Thompson at 7:05 p.m. Thompson, a former U.S. representative from northern Indiana, was running close to Daniels as of this summer, but polls shows […]
CEOs with Simon Property, Duke Realty Corp. and Interactive Intelligence Inc. report that their companies are taking an uncharacteristically
cautious approach to acquisitions and investments, given the faltering economy.
Indianapolis-based Eli Lilly and Co. said today that its workers and retirees contributed $11.1 million to the 2008 fundraising campaign of United Way of Central Indiana and other United Way chapters. The contribution includes a matching gift from Lilly Foundation. Lilly said it exceeded its goal by $100,000. The overall donation amounts to nearly 23 […]
Don Welsh is quickly making a name for himself as a change agent. Though few knew what to think when Welsh announced he was
leaving Seattle to become Indianapolis Convention & Visitors Association CEO, he’s shown he didn’t come here to simply
wind
down his career.
Eli Lilly and Co. has licensed the U.S. rights to commercialize its drug Cialis to treat high blood pressure in the pulmonary artery to United Therapeutics Corp., a Maryland-based biotech drug firm. Indianapolis-based Lilly will buy $150 million of United Therapeutics’ common stock, but also receive a $150 million upfront payment from United Therapeutics, according […]
Eli Lilly and Co. won more than 95.5 percent of the shares of New York-based ImClone Systems Inc. in a tender offer that ended at midnight yesterday. Lilly expects to complete its acquisition of ImClone on Monday. Indianapolis-based Lilly has agreed to pay $70 in cash for each share of ImClone, or $6.3 billion for […]
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.
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 […]
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.
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 […]
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 […]
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??…
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.
