In its latest push into artificial intelligence, Lilly has signed a deal with a California-based biotech to discover new obesity targets in humans. Fauna Bio says it will give Lilly access to its AI platform to support preclinical drug discovery efforts.... Read More
Community Health Network has agreed to pay the U.S. government $345 million to settle allegations that it engaged in a years-long scheme to recruit physicians and pay them huge salaries and bonuses in return for “downstream referrals” on medical procedures.... Read More
Suddenly, Eli Lilly and Co. has a new potential competitor in the lucrative market for obesity drugs. Roche AG, the health care giant based in Basel, Switzerland, says is acquiring a California-based biotech that is developing obesity drugs for $2.7 billion.... Read More
Electric utility AES Indiana has reached a settlement agreement that would raise monthly rates next year by approximately 7.3% for the average residential customer but would clamp down on the utility's disconnection practice and offer other consumer protections.... Read More
One of Bloomington’s largest employers is now under new ownership, following the decision by Baxter International to sell its biopharma operations to a new company backed by private-equity and investment firms.... Read More
Eli Lilly and Co. announced Friday morning it plans to build a $2.5 billion factory in Germany to make injectable drugs, its latest move to meet the soaring demand for its medicines for diabetes and weight loss.... Read More
A five-year-old company in Carmel that makes a hand-sanitizing device has filed for bankruptcy reorganization. The business makes a hand-sanitizing device called Iggy that kills pathogens with ozone-infused water instead of soap or other chemicals. ... Read More
One of the nation’s largest solid-waste and recycling companies plans to open a large, new operation on the south side of Indianapolis next year.... Read More
The Indianapolis-based company said Wednesday that its newest product, a drug for obesity called Zepbound, will be on pharmacy shelves shortly after Thanksgiving. The company is ramping up manufacturing capacity to avoid possible shortages and to meet potentially huge demand in a nation where more than 40% of adults are classified as obese.... Read More
Community Health Network has socked away $75 million in a “potential settlement agreement” with the U.S. Justice Department and a former chief financial officer who filed a whistleblower suit nearly a decade ago.... Read More
