Novartis expects price war with Lilly over psoriasis drugs
Novartis AG is racing to establish itself in the market for new treatments for psoriasis ahead of competing drugs by Amgen Inc. and Eli Lilly and Co. in the United States.
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Anthem results top expectations, as firm projects growth in ’15
The Indianapolis-based health insurer hiked the quarterly dividend it pays shareholders nearly 43 percent after reporting fourth-quarter results.
Mercedes to build model in Indiana, hire hundreds
Mercedes-Benz, the world’s third-biggest maker of luxury automobiles, is contracting out production of the R-Class wagon to a factory in Indiana, a move that will allow it to expand its line of U.S.-built sport-utility vehicles.
Belichick says he’s ‘shocked’ footballs were underinflated
New England Patriots coach Bill Belichick said Thursday that he didn’t have an explanation for why the footballs his team supplied for the American Football Conference championship game weren’t inflated properly.
U.S. Steel to idle mill, lay off 369 Indiana workers
The Pittsburgh-based steelmaker notified workers this week it would close East Chicago Tin for an unknown period. The finishing plant makes tin-plated metal largely for canned foods such as soup and vegetables.
Retailers rejected by Supreme Court on debit-card fees
The U.S. Supreme Court, without comment, left intact a Federal Reserve rule governing how much banks can collect for debit-card transactions.
NCAA restores Paterno’s football wins record in settlement
The National Collegiate Athletic Association reached an agreement that will restore 111 wins it stripped from former Pennsylvania State University football coach Joe Paterno after the Jerry Sandusky child sex-abuse scandal.
NCAA investigates unprecedented rise in academic fraud cases
The more than 20 open cases represent an “epidemic,” according to NCAA Vice President of Enforcement Jonathan Duncan.
FDA mistakenly blamed Lilly for making Cialis-Viagra combo
The Food and Drug Administration acknowledged the mistake Friday in an e-mail and said it removed Indianapolis-based Lilly’s name from an import alert that attributed the pills to the company’s office in Australia.
NCAA revenue rises for 14th straight year as changes loom
The growth comes as the Indianapolis-based NCAA prepares major governance changes aimed at providing more money to athletes, and continues to fight lawsuits and public pressure that challenge its structure.
Holiday sales rise 4 percent despite December dropoff
U.S. holiday sales marked their biggest increase since 2011, even amid evidence of a consumer-spending slowdown in December, according to the National Retail Federation.
Lilly sees insurers pushing harder for discounts
Health-coverage managers are becoming more aggressive in demanding discounts and exclusive deals from drugmakers to drive down the cost of medicine, Eli Lilly and Co.’s diabetes business chief says.
United says 2,000 airport jobs may be outsourced to cut costs
Outside contractors may take over the positions at 28 airports, including those serving Indianapolis, Atlanta and St. Louis, a United spokesman said.
UPDATE: Lilly says it couldn’t have made tainted Cialis
A batch of Cialis pills, purportedly made at a plant in Australia, was banned by the FDA from entering the U.S. after the pills were found to contain the active ingredient for rival drug Viagra. Cialis manufacturer Eli Lilly said it doesn’t make any drugs in Australia.
Indiana fertilizer plant not seeking state incentives
A Pakistani-backed company planning to build a $2.6 billion fertilizer plant in southwestern Indiana announced Thursday it has withdrawn its request for state economic incentives.
College Playoff, NCAA to offset travel costs for athlete parents
Players in football and basketball championships will get help with family travel expenses for the first time under new policies by the College Football Playoff and the NCAA.
Companies explore options for counterattacks on hackers
A growing number of firms are considering ways to break into hackers’ networks to retrieve stolen data or even knock their computers offline. Such actions could push the limits of existing law.
Zimmer to pay Stryker $70M in surgical device fight
The award is actually less than a third of what Warsaw-based Zimmer was originally ordered to pay for infringing patents on a lavage device.
Law school enrollment plummets to 27-year low, ABA says
Total law school enrollment at the 204 accredited schools is 119,775, a 6.9-percent decrease from last year and an 18-percent decrease from its record high in 2010.
Oliver Luck leaving West Virginia for position at NCAA
West Virginia University Athletic Director Oliver Luck, the father of Colts QB Andrew Luck, is joining the Indianapolis-based NCAA as executive vice president of regulatory affairs.