Cook Medical cutting 500 jobs as part of strategic refocusing
The Bloomington-based maker of medical devices said the move is part of a new plan to strongly focus on product innovation.
Health Care & Life Sciences
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Goodman Campbell rebuilds after split from IU Health
Its new partner, Ascension St. Vincent, is building a four-story brain and spine hospital on its flagship campus on West 86th Street in Indianapolis, which will be largely staffed with physicians from Goodman Campbell.
Carmel-based NICO Corp. hoping for big boost after clinical trial favors its stroke treatment
A seven-year clinical trial concluded that NICO Corp.’s devices are safe and effective to treat intracerebral hemorrhage.
Drug manufacturer grows amid contracting boom
Fishers-based INCOG Biopharma Services Inc., one of the newest players in the $132 billion contract drug manufacturing industry, acts as a behind-the-scenes player for companies that need to get sterile injectable medicines to market in a hurry.
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.
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.
Zionsville-based life sciences company secures $6M in investment funding
GeniPhys has developed a material known as Collymer, a highly-purified form of collagen that can be used to replace tissue that is lost in wounds and also forms “stable, fibrillar collagen scaffolds” that can help rebuild lost tissue.
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.
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.
Indiana 250: Gail Boudreaux
Gail Boudreaux is president and CEO of Elevance Health. Before joining Elevance (formerly known as Anthem Inc.), she spent six years as CEO of United Healthcare. She was named one of Fortune Magazine’s Most Powerful Women in Business and was featured by Forbes as one of the 100 Most Powerful Women in the World. Additionally, […]
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.
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.
Investors wary as Elanco pins hopes on new products
Shares in the animal health care company have lost more than two-thirds of their value in the past 18 months, but Elanco says a bevy of new products in its pipeline will prove an era of strong growth is yet to come.
Medical-device company to raise about $15M in IPO
Neuraxis Inc., based in Versailles and with an office in Carmel, said it will use the proceeds to ramp up its sales and marketing efforts, along with research and development and other functions.
Lilly to invest another $450M in North Carolina factory
The move will create at least 100 new jobs at the plant, located in Research Triangle Park, the largest research park in the country.
Indiana life sciences companies raise record $620M in venture capital in 2022
The amount raised last year is roughly 43% larger than the previous record of $433 million, set in 2021, according to BioCrossroads, an Indianapolis-based group that promotes and invests in the state’s life-sciences sector and tracks the funding.
VetCheck looks to franchise 250 urgent care clinics nationwide
Company leaders hope to eventually have one VetCheck center for every 30 traditional veterinary offices in any given area.
Global-health group aims to launch new med school
The not-for-profit Tumaini Foundation for Global Health and Humanitarianism says it wants to train medical students with a special concern for the health of needy individuals and populations worldwide.
Police seize on COVID-19 tech to expand global surveillance
The Associated Press has found that authorities around the world have used technologies and data used in the fight against COVID-19 to halt travel for activists and ordinary people, harass marginalized communities and link people’s health information to other surveillance and law enforcement tools.
Physician shortage in rural areas means big business for Indy firm
OPYS Physician Services LLC, a 10-year-old Indianapolis company, provides doctors to hospitals, mostly in rural areas, to staff their emergency rooms and other critical areas.