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
Warsaw-based OrthoPediatrics Corp. has acquired a Massachusetts-based company it says will expand the company's recently launched specialty bracing division. The deal for Boston Orthotics & Prosthetics is valued at $22 million.... Read More
The Indiana Biosciences Research Institute and Roche Diagnostics have announced NĒRx BioSciences as the first Quantum Leap Award winner. The award was announced last year with the goal of helping startups bring their innovations closer to commercialization.... Read More
A Fishers startup that has developed a device to safely ship vaccines, food or other perishable items and keep them cold for nearly a month without need of batteries or electricity aims to bring the product to market this year.... Read More
Bloomington-based Cook Group on Monday announced plans to sell its West Lafayette-based subsidiary, Cook Biotech, to RTI Surgical, a surgical implant contract development manufacturing organization headquartered in Alachua, Florida.... Read More
Indiana’s pharmaceutical and medical device sectors, long touted as major contributors to the state’s economy, are starting to lag the nation in growth and market share and will require a focused effort to stay competitive, according to a new report.... Read More
The U.S. Food and Drug Administration has given approval to Switzerland-based Novartis to begin commercial manufacturing of a drug developed in Indiana at its new, $100 million plant on the west side of Indianapolis, the company said Friday.... Read More
Indianapolis-based Eli Lilly and Co. said Thursday that it has launched LillyDirect, an online service that will offer direct home delivery of Lilly’s obesity, migraine and diabetes medications. Lilly said the service will also provide...... Read More
A Nevada-based biotech company is suing Eli Lilly and Co., saying the Indianapolis-based drugmaker is refusing to pay royalties on patented technology it claims is used in Lilly’s pending new treatment for Alzheimer’s disease.... Read More
Elanco Animal Health Inc. has named a former CEO of a global food company as its next chairman. Lawrence Kurzius will succeed David Hoover as board chairman later this year at the conclusion of the company’s annual shareholders meeting.... Read More
