Articles

Study: Lilly drives 3.3 % of Indiana economy-WEB ONLY

The past decade has often been rough for Eli Lilly and Co., but a new economic impact study commissioned by the company suggests the drugmaker’s contribution to the state’s economy actually has increased over that time. The study by Indiana University professor Bruce Jaffee calculates that Lilly accounts for $8 billion, or 3.3 percent, of […]

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New study measures Lilly’s impact on state-WEB ONLY

The past decade has often been rough for Eli Lilly and Co., but a new economic impact study commissioned by the company suggests the drugmaker’s contribution to the state’s economy has actually increased over that time. The new study by an Indiana University professor calculates that Lilly accounts for $8 billion, or 3.3 percent, of […]

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Gallagher strikes again, buys two more brokers-WEB ONLY

The Carmel office of A.J. Gallagher & Co. kept the local consolidation of benefits brokers rolling with two more deals this month. But Gallagher is now shifting its buying spree away from health insurance while the health care reform debate plays out in Washington. Locally based The Benefits Group and Louisville-based Creative Benefits Solutions came […]

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Arcadia taps Walgreen exec to grow DailyMed-WEB ONLY

Indianapolis-based Arcadia Resources Inc. today named Charles Goodall vice president of DailyMed Pharmacy operations. Goodall comes to Arcadia from Illinois-based drugstore chain Walgreen Co., where he was divisional vice president. Arcadia’s DailyMed Pharmacy sorts a patient’s monthly prescriptions, over-the-counter medications and even vitamins into packets to be taken at specific times of day.“Charlie is a […]

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Medco to open cancer center, add 160 jobs-WEB ONLY

Medco Health Solutions Inc. plans to add another 160 jobs at its automated pharmacy in Whitestown, state officials announced this morning. The New Jersey-based drug distribution company will open a new center in October focused exclusively on cancer patients. The center will be part of the 452,000-square-foot distribution center Medco is building at AllPoints at […]

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Are you smarter than a 5th grade teacher?-WEB ONLY

For Indiana students to meet realities of 21st century global competition, state schools chief Tony Bennett says it’s critical to fill the ranks of elementary teachers with the highest academic achievers. But students going into and out of Indiana’s teacher education programs tend to score below average on standardized test scores. And national data indicate […]

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Health reform draws mixed reviews-WEB ONLY

Hope and fear mix in Paul Nysewander when he considers President Barack Obama’s controversial idea to set up a new governmentrun health insurance plan. The owner of a three-person accounting firm, Nysewander says there’s significant appeal in having a public plan as a new option for health insurance. “As long as it remains an option,” […]

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BioCrossroads names Brater interim chairman-WEB ONLY

BioCrossroads has named the dean of the Indiana University School of Medicine as its interim chairman. Dr. Craig Brater will serve in place of Dr. Gus Watanabe, who died last week. BioCrossroads promotes and invests in life sciences businesses in central Indiana. Brater will serve as interim chairman until the BioCrossroads board of directors meets […]

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Profs trying to revolutionize drug discovery-WEB ONLY

Two chemistry professors at IUPUI are laboring to create the McDonald’s of research laboratories – low-cost and all over the world. Bill Scott and Martin O’Donnell have started a project called Distributed Drug Discovery, trying to lure in researchers and students at universities around the globe to collaborate over the Internet to discover new drugs. […]

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Governor shuffles insurance chief to utility post-WEB ONLY

IBJ staff Indiana Insurance Commissioner Jim Atterholt will leave his post to fill a vacancy on the Indiana Utility Regulatory Commission, Gov. Mitch Daniels’ office announced yesterday. Atterholt, a former Republican state legislator from Indianapolis, will replace Greg Server, another former legislator, who resigned after serving a four-year term. Replacing Atterholt will be Carol Cutter, […]

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Lilly launches Web effort to find new drugs-WEB ONLY

Eli Lilly and Co. has launched a Web portal to help it more easily find, evaluate and possibly license experimental drugs discovered by researchers at universities and biotechnology companies, the Indianapolis-based drugmaker announced today. Lilly hopes the program behind the portal, called the Lilly Phenotypic Drug Discovery Initiative, or PD2, opens up an untapped source […]

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Ivy Tech needs profs-WEB ONLY

The tag line says it all: “Faculty Needed Now.” That’s the message Ivy Tech Community College is taking throughout the state to try to find 300 to 400 professors to teach its rapidly expanding student body. The school launched an online advertising campaign focused on the 75 cities and towns in which it operates. The […]

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Watanabe death shakes life sciences community-WEB ONLY

The unexpected death Tuesday evening of Dr. August “Gus” Watanabe leaves a large hole in the hearts of his friends and in the heart of the life sciences industry in central Indiana. Watanabe died of a self-inflicted gunshot wound at his Brown County cabin, according to the Brown County Sheriff’s Department. Watanabe, 67, was chairman […]

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Watanabe death shakes life sciences community-WEB ONLY

The unexpected death Tuesday evening of Dr. August “Gus” Watanabe leaves a large hole in the hearts of his friends and in the heart of the life sciences industry in central Indiana. Watanabe died of a self-inflicted gunshot wound at his Brown County cabin, according to the Brown County Sheriff’s Department. Watanabe, 67, was chairman […]

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Lilly, others pump VC into biotech firm-WEB ONLY

By J.K. Walljwall@IBJ.com Eli Lilly and Co. has joined three of its fiercest rivals to invest $40 million in a Massachusetts-based biotech company with potentially breakthrough drug technology. Aileron Therapeutics announced the funding Monday from Indianapolis-based Lilly, as well as Novartis AG and Roche Holding AG, both based in Switzerland, and GlaxoSmithKline PLC, based in […]

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Lilly, others pump VC into biotech firm-WEB ONLY

Eli Lilly and Co. has joined three of its fiercest rivals to invest $40 million in a Massachusetts-based biotech company with potentially breakthrough drug technology. Aileron Therapeutics announced the funding Monday from Indianapolis-based Lilly, as well as Novartis AG and Roche Holding AG, both based in Switzerland, and GlaxoSmithKline PLC, based in the United Kingdom. […]

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As Byetta stalls, Lilly reveals Plan B-WEB ONLY

Ever wonder why acquisition-minded CEO John Lechleiter has been cool to the idea of Eli Lilly and Co. buying Amylin Pharmaceuticals Inc., Lilly’s partner on the diabetes medicine Byetta? One reason might be that Lilly is developing its own entrant into the promising new class of GLP-1 diabetes drugs, which was pioneered by the 2005 […]

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Workers try again in bias suit against Lilly-WEB ONLY

Current and former workers at Eli Lilly and Co. have narrowed the scope of their racial discrimination lawsuit against the Indianapolis-based drug company. Lawyers for the workers asked a judge in U.S. District Court in Indianapolis today to accept a third amended complaint that charges Lilly with discrimination in pay and promotions against African-American employees. […]

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