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
The new president and CEO of BioCrossroads says his experience with both a major corporation and a small startup will prove valuable for his new role. "I think having both of those perspectives can really be helpful as I try to lead BioCrossroads' effort to...... Read More
A late-stage, preclinical biopharmaceutical company based out of the Indiana Biosciences Research Institute in Indianapolis has completed a $1.9 million bridge funding round. Adipo Therapeutics said Wednesday the funding will be used to...... Read More
Vince Wong, a former executive at Roche Diagnostics and a biotech startup, has been chosen as the new president and CEO of BioCrossroads, an Indianapolis-based group that promotes and invests in the state’s $77 billion life sciences sector.... Read More
The Purdue Innovates Incubator has awarded a total of $150,000 to four Purdue researchers to further the appeal of their patent-pending innovations. The funding comes from the Trask Innovation Fund, which supports short-term projects to enhance...... Read More
A startup accelerator headquartered in the Silicon Valley is expanding its footprint to northeast Indiana. Plug and Play has opened an office in Warsaw with a focus on the growing med-tech industry.... Read More
A factory in New Jersey belonging to Indianapolis-based Eli Lilly has run into more manufacturing problems during a federal inspection. The factory racked up eight deficiencies during an inspection last year by federal investigators, according to Reuters.... Read More
An Indiana University biologist has been awarded a $2.8 million grant from the National Institutes of Health to better understand how DNA is structured. Stephen Bell will investigate how DNA is compressed in a cell through folding. ... Read More
