Drug industry analysts on Monday applauded Eli Lilly and Co.’s pending $8 billion cash deal to buy a startup that focuses on oncology, which has become a prime focus for the pharma giant in the last year.
Orbis was founded in 2003 by Daniel Briggs, who now serves as the company’s chief growth officer. The firm markets and manages health care programs for academic institutions and health care systems.
NattyMac, which was established in 2004, has a historical connection with Indianapolis and was sold to its current owner in 2017 for $211 million.
Randy Stocklin, who founded the company with his wife, Angie Stocklin, will remain with the company.
The escalation in per-share price—which far exceeds that of other recent deals involving Indiana public companies—reflects the unique nature of M&A in the pharmaceutical realm.
The West Lafayette biotech firm’s stock traded as low as $1.41 last fall, following multiple setbacks and restructurings. But the stock had soared to $24 Thursday morning after news that it would be acquired by Novartis.
The deal represents a huge breakthrough for tiny Endocyte, which has about 90 employees in Indiana but has not yet launched a single product.
Anger expression is on the rise in the workplace and especially in business negotiations. If you use anger to get the bigger piece of the pie, you might think it’s an effective negotiation tactic.
The Indianapolis-based office-supplies company had revenue near $38 million last year and is on target to hit $43 million this year. If the company hits its projections, revenue will have nearly tripled since 2013.
General Electric Co. has agreed to sell its industrial gas engine business to a private equity for $3.25 billion, passing over interest in the acquisition from Columbus-based Cummins Inc.
Founded in 2016, ClearScholar is the second company in the High Alpha portfolio to be snapped up in the last four months.
It’s been a bumpy ride for North American Midway Entertainment, which was sold in 2015 to a Connecticut-based buyer for $75.5 million. One of its former owners just bought it back for $23.5 million.
Under the agreement, Lilly will pay Sigilon Therapeutics up to $410 million if the technology hits certain milestones.
Combining Indianapolis-based Finish Line Inc. and JD Sports Fashion from across the pond could create a firm within striding distance of the sports apparel industry’s heavyweight, according to an analyst.
New England-based SilverTech Inc. plans to expand to its second market by buying local stalwart Bitwise Solutions, which was founded in 1991.
Founded in 2010 as Tinderbox Inc., Octiv will continue to operate under its current moniker until leaders determine how it will fit into the brand of Colorado-based document automation firm Conga.
VeriCite Inc., a Fishers-based maker of plagiarism-detection software, is being acquired by Turnitin, a Silicon Valley-based leader in the plagiarism-detection industry. Turnitin officials said they will maintain and grow its local presence.
The companies, both the result of previous mergers, would bring under one tent global brands like Dr. Pepper, 7UP, Snapple, A&W, Mott's, Sunkist and Keurig's single-serve coffee makers.