Elanco Animal Health said Tuesday it has completed the divestiture of its aqua business to Merck Animal Health for about $1.3 billion in cash, allowing it to pay down more of its sizable debt load. The Greenfield-based company said it plans to use...... Read More
Eli Lilly and Co. said Monday it has agreed to buy a Massachusetts-based biopharmaceutical company that is developing therapies for inflammatory bowel disease and other chronic diseases for $3.2 billion. Indianapolis-based Lilly said it will acquire...... Read More
An Indianapolis doctor is suing Franciscan Alliance, claiming the hospital system put him out of business by directing patients away from his practice, terminating his office lease, and failing to meet its financial obligations on two joint ventures.... Read More
Just one month after settling with a South Carolina medical spa that was selling knockoff versions of its popular diabetes and weight-loss drugs, Eli Lilly and Co. is going after other sellers. The Indianapolis-based drugmaker said Thursday it was taking...... Read More
Indiana University Health’s new, $4.3 billion downtown hospital construction project is about 25% complete and is on schedule to open in late 2027. Officials with IU Health gave what they called a “summer update” and sounded optimistic about the project.... Read More
Eli Lilly and Co. and a biopharma company it bought last year are accused of infringing on the patent held by the Purdue Research Foundation to treat cancer. The research foundation filed a complaint in U.S. District Court on Thursday.... Read More
Ascension St. Vincent said Friday that it has successfully restored access to patients’ electronic health records, which were compromised by a cyberattack last month at its parent company. In recent weeks, patients and even some nurses have complained that...... Read More
Indiana University Health will eliminate noncompete clauses for primary-care physicians, effective Dec. 15. The move comes a year after the Indiana General Assembly passed a law banning noncompete clauses in contracts for physicians practicing primary care.... Read More
Robert Laikin and Larry Paulson are at it again. The two longtime business partners who made their fortunes in the cell phone industry are turning their sights to manufacturing high-density batteries for industrial uses.... Read More
Anat Ashkenazi, executive vice president and chief financial officer of Indianapolis-based drugmaker Eli Lilly and Co., is stepping down to take a position as chief financial officer of Google parent Alphabet Inc. Ashkenazi, 51, who has worked at Lilly for...... Read More
