Articles

Lilly halts development of Alzheimer’s drug

Studies showed that the treatment did not slow the disease's progression. It's just the latest setback for the pharmaceutical
giant, which lost a patent lawsuit over a major drug last week and faces an unprecedented number of patent expirations through
2014.

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Eli Lilly loses patent lawsuit for Strattera

Eli Lilly and Co. on Thursday lowered its revenue outlook for the year after it lost a patent lawsuit over its attention
deficit hyperactivity drug Strattera. The patent had been set to expire in May 2017. Lilly plans to appeal.

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Lawmaker wants Durham donations returned

State Rep. Ed DeLaney of Indianapolis said Thursday that contributions of more than $800,000 by Indianapolis businessman Timothy
Durham should be sent to a bankruptcy trustee for Ohio investment firm Fair Finance Co., which was forced into bankruptcy
earlier this year.

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Schrenker to plead guilty to securities fraud

A former money manager convicted of trying to fake his own death in a Florida plane crash last year has agreed to plead guilty
to securities fraud charges in Indiana. Marcus Schrenker would face 10 years in prison.

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Counties brace for big tax losses next year

Indiana counties will receive $1.3 billion in income tax revenue in 2011, nearly 16 percent less than they did this year.
Marion and Hamilton counties will suffer major reductions in distributions.

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Council advances utilities transfer proposal

City-County Council members voted 19-10 Monday night to approve Republican Mayor Greg Ballard’s $1.9 billion plan to
transfer Indianapolis’ water and sewer utilities to Citizens Energy Group.

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Indiana Supreme Court upholds state’s voter ID law

Critics have argued that the law, which requires voters to show a photo ID to cast a ballot, violates the state constitution
because it isn’t applied equally to all voters. Those who vote by mail don't have to prove their identity.

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Update: Colts confirm training camp move

The Indianapolis Colts on Wednesday announced plans to move their training camp from Terre Haute to Anderson, where it was
held for the first 15 years the team was in Indianapolis.

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