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Indiana life sciences firms raise record $111M in venture capital in 2017

March 22, 2018

A $44 million VC infusion in 2017 for biosciences firm On Target Laboratories was one indication that Indiana’s life sciences sector is finally starting to pull down some serious venture funding.

Former Lilly CFO Rice to lead CVS Caremark, report says

March 20, 2018

Derica Rice, 53, one of the nation’s most powerful black executives, retired from Indianapolis-based drugmaker Eli Lilly and Co. in December, after the company passed him over when naming a new CEO.

Regulators consider IPL request to collect $96.7M more annually from customers

March 14, 2018

The utility is asking state regulators for permission to increase the “fixed charge” on its 490,000 customers from $17 to $27 a month, and increase energy-usage charges also.

Lilly revives proposals that would lower takeover barriers

March 14, 2018

The company’s board is asking shareholders to support two corporate-governance proposals, including one that would eliminate a requirement that buyout bids garner at least 80 percent shareholder approval.

Q&A: Indy Pride’s first staffer says RFRA became a ‘real overall positive’

March 8, 2018

Chris Handberg, 38, worked at the Domestic Violence Network, The Julian Center and as a youth pastor in Anderson before becoming executive director of Indy Pride.

‘Rigged’ system blocks lower-cost drugs, head of FDA says

March 8, 2018

FDA Commissioner Scott Gottlieb aimed particular criticism at giant pharmacy benefit managers that contract with health plans to administer coverage of drugs, saying the industry’s tactics have stymied cheaper copies of expensive biotechnology drugs.

Pacers name new PR chief to replace retiring Bill Benner

March 7, 2018

A Fishers native and Butler University graduate has been hired to succeed senior vice president Bill Benner, a longtime fixture in the local sports community.

Former Lilly exec makes seven-figure gift to local youth development group

March 7, 2018

The Indianapolis not-for-profit helps prepare African-American youth in the fourth grade and higher for academic and career success.

Ricks makes $14.4 million in first year as Eli Lilly CEO

March 1, 2018

Eli Lilly CEO David Ricks’ first year in charge was marked by a wave of activity, including a huge corporate restructuring. The company’s stock price climbed about 6.2 percent during the year.

FELTMAN: Second of three letters to Amazon’s Bezos

February 28, 2018

To use your words, Mr. Bezos, many of Indiana’s top business leaders didn’t look past inequality.

Roche’s struggling diabetes unit looks toward ‘monster’ for boost

February 26, 2018

Roche Holding AG—the Basel, Switzerland-based parent of Indianapolis-based Roche Diagnostics—has enlisted a little green gremlin to help rescue its diabetes business after a decade of declining sales.

A quarter-century of laughs didn’t always come easy for ComedySportz

February 22, 2018

The improvisation-based company—now known as CSz Indianapolis—just celebrated its 25th year of making-it-up-as-it-goes-along fun. Along the way, it has weathered location shifts, the recession, the post-9/11 comedy crisis and, recently, an ownership change to become the longest-running theater production in the city.

Small, midsize Hoosier companies increasingly jumping into exporting

February 21, 2018

In central Indiana, 90 percent of companies sell to domestic customers alone, meaning they are missing out on 80 percent of the world’s buying power.

FDA opens new path for Alzheimer’s therapy as failures mount

February 16, 2018

The Food and Drug Administration proposal will create new opportunities for drugmakers after repeated failures from companies including Indianapolis-based Eli Lilly and Co.

Hot-selling Lilly anti-inflammatory drug passes key hurdle for third use

February 15, 2018

The Indianapolis-based drugmaker said the medicine, called Taltz, proved effective for treating a type of back stiffness, and hopes to submit it for government approval this year.

Markey’s morphs with the times into juggernaut

February 15, 2018

In 57 of its 58 years, Indianapolis-based Markey’s Rental & Staging has experienced year-over-year revenue increases. Only the Great Recession, in 2009, derailed Markey’s amazing streak.

Hectic city schedule makes hosting football national championship trickier

February 14, 2018

Indianapolis officials say they’re up for the challenge of hosting the eighth annual College Football Playoff National Championship in January 2022, even as they’re planning six other big sporting events that take place within a 13-month stretch.

Trump’s big promises on drug costs followed by modest steps

February 12, 2018

As a candidate, President Trump advocated Medicare negotiations and allowing consumers to import medicines from abroad. His current strategy recommends changes to policies that the administration believes unwittingly lead to higher prices, and suggests ways to speed drugs to market and increase competition.

Artifacts from downtown monument moved due to flooded basement

February 9, 2018

A leak that sent water into the basement of a historic monument in downtown Indianapolis has prompted curators to move a collection of artifacts documenting Indiana's role in the Civil War.

City urges big thinking on Circle Centre mall revamp

February 8, 2018

City officials say they hope to act quickly with Simon Property Group Inc. to determine the highest and best use for the Carson’s space at Circle Centre after the department store closes this spring.

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