Elanco’s Q3 earnings top Wall Street forecasts as company continues to deal with debt
Despite reporting a loss, the company saw quarterly growth in the double digits and raised its full-year earnings estimate.
Health Care
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Tylenol, Kleenex, Band-Aid and more put under one roof in $48.7B consumer brands deal
The combined consumer health goods company is expected to generate about $32 billion in annual revenue.
Eli Lilly to build $3B manufacturing site in Netherlands
The facility is expected to produce oral medications, including Lilly’s highly anticipated GLP-1 pill for weight loss, orforglipron.
Lilly earnings soar on growth of Mounjaro, Zepbound
With quarterly revenue up 54% from a year ago, Eli Lilly raised it guidance for the year, with the company now expecting revenue in the range of $63 billion to $63.5 billion.
Colts tackle Braden Smith continues to find coping techniques for his mental health struggles
After missing the final five games last season because of severe obsessive-compulsive disorder that led him to contemplate suicide, the veteran lineman is thriving again.
Lilly expands Zepbound direct-to-patient access through Walmart partnership
Through its LillyDirect pharmacy, Eli Lilly plans to offer steep discounts on single-dose vials of Zepbound by partnering with the nation’s largest retail chain.
Lilly plans $1.2B expansion in Puerto Rico, adding 100 manufacturing jobs
Indianapolis-based Eli Lilly and Co. said the improved facility in Carolina, Puerto Rico, will make orforglipron, Lilly’s highly anticipated weight loss pill.
Lilly to acquire California-based gene therapy company focused on age-related vision loss
The move continues the Indianapolis-based drugmaker’s investments in age-related diseases.
Pharmaceutical, life science industries drive trade surge between Indiana and Portugal
Indiana’s growing partnership with Portugal includes imports like rubber, plastics and chemicals, the latter of which is driven largely by pharmaceuticals, according to a Portuguese trade representative.
Brownsburg lining up incentives for $435 million life science facility
The relocated jobs would pay an average wage of $40.71 an hour, and the new jobs would pay an average wage of $45.90, according to town documents.
Elevance shares rise after third-quarter revenue jumps 12% year-over-year
The company cited growth in its health benefits unit, which is includes individual and employer coverage, Medicare, Medicaid and federal employee program businesses.
County-run Witham Health touts neighborly care as competition looms from a larger health system
The Lebanon-based hospital faces increased competition from large health systems that benefit from larger economies of scale and marketing budgets.
Roche receives FDA clearance for Alzheimer’s blood test
The test—developed in collaboration with Eli Lilly and Co.—does not diagnose Alzheimer’s but is designed to rule out the presence of the disease’s pathology early on, or indicate further diagnostics are needed.
Butler University renames colleges to reflect surge in mental health, health care careers
The two colleges account for almost a third of Butler’s total enrollment.
Parkview Health plans to connect with Indy startups, entrepreneurs at new 16 Tech innovation space
The move builds on a steady drumbeat of initiatives by the Fort Wayne-based health system in recent months to increase its brand awareness, services and infrastructure in central Indiana.
Community Health Network names physician, strategic growth leader as new CEO
He succeeds longtime leader Bryan Mills, who announced his retirement earlier this year after more than 40 years working for Community.
Lawsuit seeks to stop Trump’s $100,000 fee for H-1B visas
The lawsuit, filed in U.S. District Court in San Francisco, said the H-1B program is a critical pathway to hiring health care workers and educators.
Elanco opens ‘doors to the future’ with new $200M-plus Indianapolis headquarters
At Wednesday’s ribbon cutting, Elanco CEO Jeff Simmons said the new, three-building campus and developing OneHealth Innovation District “will write the history for the next 70 years of Elanco.”
Drugmakers buoyed as Trump deal eases worst fears on pricing
Shares in Indianapolis-based Eli Lilly and Co. were on the rise Wednesday after President Trump suggested the company would be next up to cut a deal over drug pricing.
Cardinal Health to build automated distribution center in Indianapolis
Employees at the facility will work alongside a robotic storage and retrieval system that can provide real-time information regarding inventory, order fulfillment and material flow.