Gov. Eric Holcomb will join executives from Switzerland-based drugmaker Novartis on Thursday to mark the grand opening of the company's $100 million facility in Indianapolis. The 70,000-square-foot facility will be used to make Pluvicto, which treats...... Read More
The nation is facing an "unprecedented challenge finding workers to fill open jobs,” according to the U.S. Chamber of Commerce. To expand the pool of potential workers, more employers are dropping degree requirements and embracing skills-based hiring.... Read More
A 53-year-old sales representative for Indianapolis-based drugmaker Eli Lilly and Co. who says the company systematically denied promotions to qualified employees older than 40 can pursue her case as a collective action, a federal judge has ruled.... Read More
Catalent Inc. will lay off another 130 positions at its Bloomington operation in a "difficult, but necessary, decision," coming off a major acquisition and several rounds of layoffs since the pandemic. ... Read More
State and local officials on Wednesday joined startup accelerator Plug and Play to cut the ribbon on its new office in Warsaw. The office, which is the company's first in Indiana, will focus on supporting startups in the orthopedics and med-tech sectors.... Read More
Do you want to lose five or 10 pounds to fit into that fancy tux or party dress? Eli Lilly and Co. has a new message for you: Don’t take prescription weight-loss drugs for vanity.... Read More
Warsaw-based OrthoPediatrics is reporting a full-year net loss of $21 million in 2023, compared to net income of $1.3 million the previous year. Despite the drop, the company reported a 22% increase in revenue, leading to a record $149 million for the year.... Read More
West Lafayette-based life sciences startup Amplified Sciences has secured more funding to further develop its pancreatic cancer diagnostic platform. The company has received two investments totaling $108,000 from the Flywheel Fund.... Read More
An activist investor group is pushing for a shakeup of Elanco Animal Health Inc.’s board of directors and the removal of CEO Jeff Simmons, saying the Greenfield-based company has underperformed its peers and destroyed billions of dollars of shareholder value.... Read More
Simtra BioPharma Solutions on Wednesday announced plans to invest more than $250 million to expand its sterile fill/finish manufacturing campus in Bloomington and add about 130 jobs. The company said it will build a 150,000-square-foot building that will...... Read More
Indiana officials have issued a cease-and-desist order against a Zionsville medical device company and three of its officers, prohibiting them from engaging in further offers or sales of unregistered securities. The Secretary of State’s Securities Division...... Read More
Elanco Animal Health officials are not shy talking about the “B-word.” In an hourlong conference call with analysts on Monday, CEO Jeff Simmons said the word “blockbuster” at least six times as he talked about the Greenfield-based company’s...... Read More
Elanco Animal Health plans to restructure operations, which will result in the loss of 420 jobs. The Greenfield-based maker of vaccines, antibiotics and other animal-health products did not immediately say how many of those job cuts would occur in Indiana.... Read More
Depression is desperate for better treatments, and close to 100 patients will soon test a new drug developed in Indianapolis—combined with a high-tech headband. The Phase 2 clinical study will evaluate Gate Neurosciences’ lead drug, which uses...... Read More
A physical therapist at Indiana University Indianapolis is hopeful her vision for a device to help patients recover from injuries and pain will soon be on the market. Dr. Terry Loghmani worked with two Purdue University engineers to create...... Read More
A biotechnology company headquartered in Princeton, New Jersey is planning to close its facility in Lafayette. In a notice to the state, Integra LifeSciences said the move will result in the layoffs of 60 employees by the end of April.... Read More
West Lafayette-based Inotiv is reporting a fiscal first quarter net loss of $15.3 million, compared to a loss of $87.3 million during the same period last year. CEO Robert Leasure said the improvement was bolstered by a 10% increase in revenue for the quarter.... Read More
Carmel-based medtech company NeurAxis Inc. has announced Timothy Henrichs will serve as its new chief financial officer. Henrichs has 20 years of experience in the healthcare, home improvement, retail, software and education industries, Neuraxis said.... Read More
The Indianapolis based drugmaker posted net income of $2.19 billion for the quarter. Excluding nonrecurring items, adjusted earnings per share of $2.49 beat the FactSet consensus of $2.30.... Read More
New Jersey-based Catalent is set to be acquired by Novo Holdings, headquartered in Denmark, in an all-cash deal valued at $16.5 billion. Novo Holdings plans to sell three of Catalent's fill-finish sites to subsidiary Novo Nordisk, including one in Bloomington.... Read More
