DowDuPont unveils name for ag division: Corteva AgriScience
The agricultural spinoff includes the Indianapolis operations of the former Dow AgroSciences headquarters, which employs about 1,500.
Life Science & Biotech
Articles
IU Med School raises $135M in NIH funding for 2017, setting record
The funds includes $7.6 million to study early-onset Alzheimer’s disease, $5.2 million to fund a clinical and translational sciences institute, and $4.8 million to fund epidemiologic databases to evaluate AIDS care in Africa.
Two Hoosier companies pull off IPOs
OrthoPediatrics Corp. raised $52 million on Oct. 12, and Carmel-based Merchants Bancorp raised $115 million on Oct. 27.
IU Health expands specialty cancer program into new facility
The program is for patients with Stage 3 or Stage 4 cancer who had not had success with traditional treatments. Under the program, scientists analyze patients’ genome, leading to a personalized treatment plan.
Bill to end government shutdown delays medical device tax for two years
The bill that President Donald Trump signed Monday night to reopen the federal government included a two-year delay in implementing a tax on medical devices, bringing praise from Indiana-based Cook Group.
Two Indiana agricultural associations complete merger
The Agribusiness Council of Indiana has merged with the Indiana Seed Trade Association, the associations announced Wednesday.
Local agricultural giant JBS United changing its name
One of the Indianapolis-area’s largest private companies is taking on a different name to better reflect its mission in livestock health.
Tax on medical devices to resume after two-year suspension
The 2.3 percent federal excise tax on medical device manufacturers originally imposed in 2013 as one of several taxes and fees in the Affordable Care Act
Assembly Biosciences’ market value surges to nearly $1B, despite red ink
The 5-year-old Carmel biotech has won plenty of attention from Wall Street and has secured more than $100 million through licensing deals and a stock offering to help fund expensive clinical trials.
Fishers medical manufacturer with 69 employees plans closure
Hill-Rom Holdings Inc., which owns Tridien Medical, said it plans to begin eliminating employees Jan. 31 with terminations continuing until Sept. 30, when the facility will permanently close.
Brown’s biotech startup to hire 225, invest $16M in HQ
A company founded a year ago by prominent local tech entrepreneur Don Brown expects to pay average salaries of $156,000 a year in new space at the IU Emerging Technology Center.
City files suit against drug manufacturers over opioid epidemic
The suit names two dozen entities, including Stamford, Connecticut-based Purdue Pharma LP—which produces OxyContin—as well as Cephalon Inc, Teva Pharmaceutical Industries Ltd., Johnson & Johnson and Janssen Pharmaceuticals.
Lilly Endowment gives AgriNovus $4.2M to aid public awareness campaign
AgriNovus Indiana wants to get the word out on the state’s agbiosciences efforts and the opportunities they offer across several agricultural and technological sectors.
West Lafayette biotech raises $40M to develop cancer-imaging drugs
The company said the funds would help it test its lead compound in late-stage clinical trials, allowing surgeons to detect cancerous cells with the help of fluorescent dyes.
Device maker SonarMed ponders whether to go solo or find a partner
The Carmel-based company makes a device that uses sound waves to help position and monitor breathing tubes for newborns in hospitals.
LifeOmic teams with IU, Regenstrief on precision medicine
The startup, founded by serial entrepreneur Don Brown, has hashed out a deal that it gives it access to a broad range of intellectual property.
Cook Group selling drug unit for $950M, buying former GE factory
Cook officials cast the sale of Cook Pharmica and the purchase of what once was the world’s largest refrigerator factory as good news for Bloomington.
Animal-health biz Elanco under the weather; Lilly won’t rule out spinoff
The Greenfield-based unit, which makes a vast array of vaccines, antibiotics, feed additives and other health products for livestock and pets, is in a slump, after more than a decade of growth.
Biosciences institute CEO steps down; chief scientist promoted to top spot
David Broecker was founding CEO of the four-year-old Indiana Biosciences Research Institute, which aims to bridge the gap between research universities and industry in life sciences.
Medicare ruling casts cloud over miniature-hospital movement
Whether so-called micro-hospitals can succeed financially might depend on whether they can meet Medicare’s definition of a hospital: a medical facility that dedicates the bulk of its services to inpatient care.