Fishers-based gene therapy firm Genezen appoints new CEO
Steven J. Favaloro brings a background in finance in the life sciences industry to his new positions as president and CEO.
Life Science & Biotech
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BioCrossroads CEO Martin to step down in April
Patty Martin, president and CEO of BioCrossroads since 2019, said she plans to leave the organization to examine opportunities in the private sector.
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.
IU plans science and tech corridor in Indianapolis to boost STEM degrees
The IU SciTech corridor will begin at the corner of Michigan and West streets, one of the main entrances to the downtown campus and house both IU and Purdue programs, President Pamela Whitten told the university’s board Friday.
Life sciences staffing company Harba Solutions moving HQ to Fishers
The company plans to occupy about 3,200 square feet of the 30,000-square-foot three-story building north of the ellipse at the Nickel Plate District Amphitheater.
Corteva buys Houston-based plant biologics company for $1.2B
The acquisition is designed to accelerate Indianapolis-based Corteva’s biologicals business and make it one of the largest players in the market.
Corteva cutting 1,000 workers globally, including at Indianapolis HQ
Corteva Inc., the Indianapolis-based seed and insecticide giant, is cutting 5% of its global workforce, or roughly 1,000 workers, as it reduces its portfolio of products and streamlines its operations.
Point Biopharma finds big licensing partner, but stock falls after Q3 loss widens
It was supposed to be a “good-news” day for Indianapolis-based biotech Point Biopharma Global Inc. Instead, the company saw its stock get battered Monday, losing as much as 38% of its value, after it released a pair of announcements.
California biotech to invest $45M in Indy, hire 64 people
RayzeBio Inc., a private company founded in 2020 in San Diego, said it will invest in improvements and equipment in a former warehouse for e-commerce giant Amazon.com Inc.
Italian manufacturer expands plan for Fishers by $367M, 265 workers
City officials said Stevanato Group wants to increase its total investment in its Fishers plant to $512 million and its hiring plan to 515 employees. The facility is under construction near 126th Street and Cumberland Road.
Elanco spinoff BiomEdit locates HQ in Fishers
BiomEdit, one of Indiana’s newest life-science companies, said Monday it will locate its headquarters in Fishers, but hinted it could eventually move to the new $100 million Elanco Animal Health headquarters campus now under construction in Indianapolis.
Life sciences experts say Indiana needs to push collaborations to compete with other states
A panel of Indiana life science experts on Friday said the state could become more competitive for large investments and jobs if it doubled down on the kind of collaborations and partnerships that other states have used to their advantage.
Catalent to invest $350M in Bloomington operations, add 1,000 jobs through 2023
The expansion comes on top of more than 1,000 positions the drugmaker has added since Jan. 1, 2021, bringing its current Bloomington workforce total to more than 4,000, which includes employees and workers provided by staffing agencies.
Med-tech startup Prevounce, a newcomer to Indy, has big growth plans here
Prevounce Health, which launched in 2019 in Los Angeles, relocated its operations to Indianapolis last fall and just landed $4.5 million in investment funding which the company says will help it expand and double its workforce in coming months.
Indiana University gets $1M gift to support life sciences
The university announced the gift Thursday morning from Jeff Albers, who graduated from the Kelley School in 1993, and his wife, Alison. Albers has spent more than 25 years in the biopharmaceutical industry.
Elanco unveils plans for new ‘epicenter of animal health innovation’
Elanco Animal Health Inc. on Tuesday broke ground and shared new designs for its planned $100 million-plus global headquarters at the former General Motors Stamping Plant site just west of downtown Indianapolis.
Scientists finally finish decoding entire human genome
Scientists said this full picture of the genome will give humanity a greater understanding of our evolution and biology while also opening the door to medical discoveries in areas like aging, neurodegenerative conditions, cancer and heart disease.
16 Tech promotes Emily Krueger to chief executive
Krueger currently serves as chief operating officer at the 16 Tech Community Corp., which oversees the 50-acre 16 Tech Innovation District on the city’s near-west side.
Cook Medical to sell reproductive health unit for $875M
The reproductive health unit includes products for obstetrics and gynecology, in vitro fertilization and assisted reproductive technology.
Pulmodyne Inc. acquired by British respiratory-device maker
Pulmodyne, with offices and factory at 2055 Executive Drive, near the Indianapolis International Airport, has been expanding in recent years to meet a skyrocketing number of orders from the COVID-19 pandemic.