Endocyte shares plunge 60 percent after drug trial is stopped
Endocyte Inc.’s stock fell more than 60 percent in early trading Friday after the drug it’s developing with Merck & Co.’s backing failed to help patients in a trial for ovarian cancer.
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Carmel’s Main Street getting more upscale apartments
Carmel officials have signed off on Keystone Realty Group’s plans to build a five-story mixed-use building southwest of Old Meridian and Main streets.
Health IT firm hc1.com to add up to 175 Boone County jobs
The company said it will invest $2.5 million to lease and renovate an additional 9,466 square feet to expand its current 16,626-square-foot headquarters at Northwest Technology Park.
Keystone-style overhaul discussed for key Hamilton County corridor
A study recommends replacing as many as 10 signalized intersections along State Road 37 with roundabout interchanges, dropping the highway under the cross streets.
Westfield schools ask city for $2.5M to speed development
Westfield-Washington Schools is asking the city to help pay for a new football stadium to accelerate construction and make way for what’s being described as a $40 million-plus commercial development at U.S. 31 and State Road 32.
Noblesville Schools, National Guard agree to land swap
The Indiana National Guard is bugging out of its Noblesville armory, part of a years-in-the-making plan to turn the property over to a growing neighbor: Noblesville Schools.
Noblesville’s Grace Church extending its reach to Fishers
After two false starts, Noblesville-based Grace Church is working on a deal to buy land for a satellite campus in Fishers.
Lilly to pay dearly for Novartis animal health biz
Wall Street analysts raised their eyebrows at the hefty price Eli Lilly and Co. will pay to acquire Novartis Animal Health, when compared to the value of the biggest player in the field.
Zionsville, Perry Township move toward consolidation
Zionsville could remain a town and gain an elected mayor if residents approve a government reorganization plan that’s speeding toward a November vote.
Carmel council delays annual arts funding
Carmel City Council postponed approval of the city’s annual arts grant program Monday amid questions about “perceived gaps” in the municipal budget.
Beck’s, partner developing multi-hybrid planter
Farming can be a tough row to hoe, but Hamilton County-based Beck’s Hybrids is reaping the benefits of improved technology. The company also is working on two projects to help its customers succeed.
Court approves $26M acquisition of Indiana Limestone
Indiana Limestone president Duffe Elkins said the business is expected to reopen and rehire workers after the new ownership takes charge.
Carmel neighbors up in arms over plans for Monon Lake
M/I Homes of Indiana’s plans to develop a 43-home community on heavily wooded property along the Monon Greenway is facing opposition from neighbors and members of the Carmel Plan Commission.
Beck’s Hybrids prospers against far bigger firms
When Lawrence and Francis Beck planted six acres of hybrid corn on their Hamilton County farm almost eight decades ago, the father and son sowed the seeds of a family business that’s still growing despite widespread industry consolidation.
Mainstreet aims to help finance nursing home through crowdfunding
Mainstreet Property Group LLC plans to launch a new round of private placement fundraising on April 21 using a website run by Oregon-based CrowdStreet Inc. and a mix of traditional advertising in central Indiana.
Landmark restaurant nears reopening after fire
Donna Tracy said her family is on schedule to reopen the Bluebird Restaurant in the Shelby County town of Morristown on April 28.
Chrysler set to celebrate Indiana factory’s opening
Chrysler expects to have up to 850 workers at the Tipton factory, with a goal of it producing 400,000 transmissions by year’s end.
Lender bids $26 million to take over Indiana Limestone Co.
An investment firm was the only bidder for an Indiana company that supplied limestone to the Empire State Building, the Pentagon and other iconic buildings.
Delaware County treasurer faces 46 felony counts
A prosecutor sought the removal of an eastern Indiana county treasurer from office Monday after filing charges that allege theft, official misconduct and 44 counts of not depositing public funds on time.
Muncie summer recreation site to be auctioned
The Water Bowl, a recreation site that has been used by area residents and Ball State University summer students for swimming, fishing, water skiing and camping since 1957, is going to be auctioned. The property could be converted to industrial use.