Carmel biotech company lands key designation

A Carmel-based biopharmaceutical company has received an Orphan Drug designation from the U.S. Food and Drug Administration for its lead therapeutic product candidate. The drug, MBX 2109, is being developed for the treatment of hypoparathyroidism.... Read More

Catalent marking first phase of $350M expansion in Bloomington

New Jersey-based Catalent Inc. (NYSE: CTLT) is preparing to open the first piece of a major expansion at its Bloomington operation. The contract development manufacturing organization, which focuses on the biopharmaceutical industry, announced plans in April to invest $350 million in the facility and create 1,000 jobs. ... Read More

Inotiv subsidiary reaches settlement in animal welfare lawsuit

A subsidiary of West Lafayette-based Inotiv Inc. (Nasdaq: NOTV) has reached a settlement with the U.S. Department of Justice and the U.S. Department of Agriculture, the company announced Monday. The settlement involves an investigation into a Virginia dog breeding facility operated by Indianapolis-based Envigo RMS, which was accused of violating animal welfare laws.... Read More

Telix Pharmaceuticals names CEO of U.S. operations

Australia-based Telix Pharmaceuticals Limited has appointed Kevin Richardson as chief executive officer of Telix Americas. The nuclear medicine company says Richardson most recently served as chief operating officer of UroShape Medical, a Florida-based company that developed medical devices.... Read More

Inotiv acquires Tennessee company

West Lafayette-based Inotiv Inc. (Nasdaq: NOTV) is continuing its acquisition strategy. The contract research organization announced Friday it has acquired Protypia Inc., a Tennessee-based bioanalytical company, in a cash and stock deal valued at $11 million.... Read More

Medtech accelerator launches in Kosciusko County

The Kosciusko Economic Development Corp. is launching a program designed to grow the number of medical technology startups in the area. The organization says the Medical Technology Accelerator Studio aims to complement and advance the existing product development and manufacturing capabilities in Warsaw, which is billed as the Orthopedic Capital of the World.... Read More

Glassmaker Stevanato to help shatter vial shortages

While Stevanato may be a new name to Hoosiers, the company is a global player in the pharmaceutical market and has selected Fishers to add might to its U.S. footprint with a $240 million investment. A subsidiary of Italy-based Stevanato Group, the glass container manufacturer specializes in drug containment. President for the Americas Riccardo Butta […]... Read More

Family’s $20M gift forms Notre Dame precision medicine institute

The University of Notre Dame has been working in the area of precision medicine for more than a decade, but a recent $20 million gift is adding muscle to the effort, creating “a much larger impact than our footprint would ordinarily predict,” says Dr. Paul Bohn. He’s the director of the newly established Berthiaume Institute […]... Read More

Study: Healthcare, life sciences bring $150B to Indiana’s economy

A new report from Ohio-based TEConomy Partners shows Indiana's healthcare and life sciences sector has a $150 billion annual economic impact for the state. The study, commissioned by BioCrossroads, examined how the sector benefits other industries such as manufacturing, technology and retail, as well as its non-traditional impacts, including economic development and access to healthcare. ... Read More

Inotiv to close Envigo facilities in Virginia

West Lafayette-based Inotiv Inc. (Nadaq: NOTV) says it will close two facilities in Virginia that are currently operated by its Indianapolis-based subsidiary, Envigo RMS. One of the facilities is a dog breeding facility in Cumberland that is the subject of a lawsuit alleging animal welfare law violations.... Read More