Purdue-based biotech startup to hire 43 people at new Indy HQ
GeniPhys Inc. plans to lease 8,200 square feet in an existing 80,000-square foot industrial building at 7750 Zionsville Road in Pike Township as it sets up its operation.
John Russell
Articles
Lilly to invest another $1.6 billion in Boone County site, add 200 jobs
The expansion will bring Eli Lilly and Co.’s total investment in the project to $3.7 billion, the most the company has ever spent on a single manufacturing site.
Senate panel advances bill allowing utilities to avoid bidding on transmission lines
The controversial bill would give state utilities the right of first refusal to build, own and operate new transmission lines in their service area, avoiding competitive bidding from outside companies.
What’s that smell? Purdue developing technology to document air-quality at hog farms
Purdue researchers recently received a $500,000 grant from the Foundation for Food & Agricultural Research, a not-for-profit organization set up by Congress as part of the 2014 Farm Bill to increase scientific and technological research and innovation.
Indiana gears up to turn manure into renewable energy
Biogas is still a tiny sliver of the energy world, accounting for less than 1% of Indiana’s energy generation. But some utility experts are keeping their eye on it as a sleeper source of energy.
Higher costs for staff and supplies squeeze Community Health’s operating income
Community Health Network said income from operations fell 76% last year, even as the number of admissions, emergency-room visits, physician visits and outpatient surgeries all increased.
Pilot project to boost Marion County’s low recycling rate getting mixed reviews
In 2020, the city diverted only about 15% of all residential, commercial, industrial and construction waste from landfills, through a combination of recycling and composting. That was far below the U.S. rate of around 35%.
Fishers-based biotech startup aims to grow from the gut
BiomEdit LLC was set up last year by Greenfield-based Elanco Animal Health and Boston-based Ginkgo Bioworks to make everything from food to therapeutics for animals. It’s already raised $36.5 million in venture capital for its work.
Hendricks Regional Health CEO named to lead Ascension St. Vincent
Kevin Speer, who is to replace Jonathan Nalli, will take over as health system is going through a major restructuring.
Indiana sizing up possible bid for new federal life-sciences hubs
The Advanced Research Projects Agency for Health, or ARPA-H, is looking for cities that can help design biomedical products, enhance clinical trials and bring new health products to market. Winning bidders would land hundreds of jobs.
Life sciences industry booster BioCrossroads girds for new challenges
Patricia Martin, the group’s president and CEO since 2019, last month announced she would step down to examine opportunities in the private sector and urged industry leaders to take a fresh look at the organization.
Ascension St. Vincent CEO Nalli leaving health system in April
Ascension, the largest health system in central Indiana by number of beds, did not name a successor. It said in the announcement it “will be working through a thoughtful transition plan.”
Holcomb signs controversial utility bill into law
The new law could allow utilities to pass along certain costs to customers for federally mandated projects without having to get pre-approval for those projects from state regulators.
Elanco’s shares slip to all-time low after Moody’s downgrade
Moody’s action pushed Elanco’s credit rating further into “junk bond” territory, an area considered riskier than investment-grade debt.
State medical institute lands $38M grant from feds
The National Institutes of Health awarded the grant to the Indiana Clinical and Translational Sciences Institute, a partnership among Indiana University, Purdue University and University of Notre Dame.
IU med school shuts down research project that used expired supplies on pigs
Fred Cate, IU’s vice president for research, informed federal officials that the research group had “a pattern of non-compliance” and had been warned several times against using expired materials.
Fishers startup lands another $1.25M to help launch anti-clotting device
Recovery Force Health said it plans to use the new funding as growth capital to market its device to hospitals and introduce other products.
Money debate begins in Statehouse over transition to green energy
A bill advancing through the Legislature would add natural gas to the list of clean-energy projects state utility regulators could consider for a financial incentive known as “construction work in progress,” or CWIP for short.
Lilly’s older Alzheimer’s drug fails to prevent disease in trial
Eli Lilly said the study concludes its clinical development of solanezumab, apparently shutting the door on one of the most closely watched experimental drugs over the past decade.
In ninth try, Eli Lilly asks shareholders to end staggered terms for board members
The Weinberg Center for Corporate Governance at the University of Delaware, a leading voice for responsible corporate leadership, has generally supported the elimination of staggered terms, saying they can lead to entrenched boards and management that fails to perform.