Cook Medical gets FDA panel’s backing for stent
The device would be the first drug-coated stent approved in the U.S. to treat peripheral vascular disease in the largest artery of the upper leg.
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FDA: Cook Medical’s stent met efficacy, safety goals
Peripheral vascular devices, including stents, angioplasty balloons and synthetic grafts, generated $4.3 billion in global revenue last year and may earn $5.6 billion in 2014.
Cummins needs to hire 7,000 engineers, CEO says
Columbus-based engine maker Cummins Inc. needs to add 7,000 engineers within five years, CEO Theodore Solso said Wednesday.
Lilly CEO says he’s not interested in Pfizer animal unit
Drugmaker Eli Lilly and Co. doesn’t plan to buy Pfizer Inc.’s $3.58 billion animal-health business, CEO John Lechleiter said Wednesday.
Election spending to exceed $6B thanks to Indiana lawyer
Indiana attorney James Bopp Jr. has spent 30 years fighting limits on campaign spending, and next year’s political landscape could be transformed by his labor.
Farm subsidies may face cuts amid record profits
U.S. farmers earning record profits are fighting to maintain agricultural subsidies, a likely target of the congressional supercommittee working to reduce federal spending.
Eli Lilly, Turkish firm in talks to sell drugs in 26 nations
Eli Lilly and Co., the world’s biggest maker of psychiatric drugs, is in talks with Mustafa Nevzat Ilac Sanayii AS to sell the Turkish company’s treatments in 26 countries, said Mustafa Nevzat’s CEO.
WellPoint expands share buyback plan by $5 billion
The insurer said it will use the authorization over several years as market and industry conditions dictate.
NCAA sued by ex-college football players over head injuries
The National College Athletic Association has been sued by two former college football players who claim the organization failed to enforce safety measures to protect them from concussions.
Irsay backtracks on out-for-season statement about Manning
Peyton Manning has an outside chance of returning in December, Indianapolis Colts owner Jim Irsay said on Twitter after local media quoted him saying Monday morning that the injured quarterback would be out for the season.
Non-candidates Christie, Daniels loom over presidential race
Governors Chris Christie of New Jersey and Mitch Daniels of Indiana have ruled themselves out of the 2012 race for the White House. Yet both Republicans are keeping themselves in the public eye.
WellPoint buying private health insurance exchange
The deal helps WellPoint compete for employers with the U.S. state-run marketplaces set to open in 2014 under President Obama’s health-care overhaul.
Debate rages over whether Lilly’s Byetta lifts cancer risk
A German researcher disputed the validity of a study that found Byetta and another diabetes drug increase cancer risk.
Mortgage-default filings surge in Indiana, nation
Default notices sent to delinquent U.S. homeowners surged 33 percent in August from the previous month, a sign that lenders are speeding up the foreclosure process. Indiana saw an increase of 46 percent, a bigger rise than every state except California.
Retail sales in U.S. stagnate amid poor job market
Retail sales in the U.S. unexpectedly stagnated in August as a lack of jobs restrained shoppers. Chains like Best Buy Co. and Target Corp. say a struggling labor market that’s battered confidence is hurting sales.
ExactTarget preparing for another IPO attempt
ExactTarget Inc., which canceled plans for an initial public offering during the 2009 financial crisis, has hired JPMorgan Chase & Co. and Deutsche Bank AG to handle a new attempt, said sources familiar with the matter.
Senate passes overhaul of patent system
The legislation would fundamentally alter the way patents are reviewed and mark the biggest change to U.S. patent law since at least 1952.
FDA deal with drugmakers raises user fees 6 percent
Drugmakers including Eli Lilly an Co. have agreed with regulators on a 6-percent increase in review fees as part of reauthorizing the drug-approval process through fiscal 2017.
Real estate firms push to avoid notice in Obama tax rewrite
The industry, which includes Indianapolis-based REITs Simon Property Group Inc. and Duke Realty Corp., is guarding against a potential proposal from the Obama administration that would impose new taxes on partnerships and similar companies
Honda returning to full production despite sales declines
Honda Motor Co.’s reputation for world-class manufacturing may belie a slipping emphasis on design just as the automaker’s U.S. factories—including its expanding Civic plant in Indiana—are preparing to return to full production.