• Lilly is reporting first quarter revenue of $5.7 billion, a 9 percent increase over the first quarter of 2017.

    Lilly Beats Expectations, Raises Guidance

    Indianapolis-based Eli Lilly and Co. (NYSE: LLY) is reporting first quarter net income of $1.2 billion, compared to a loss of $110.8 million during the same period the previous year. The company has also raised its full-year earnings per share and revenue expectations, driven in part by new products, including Trulicity, Taltz and Cyramza. Lilly is reporting first quarter worldwide revenue of $5.7 billion, which is a 9 percent increase over the first quarter of 2017.

  • IBRI Appoints Lechleiter to Board

    John Lechleiter has been added to board of directors of the Indiana Biosciences Research Institute in Indianapolis. The former chief executive officer of Eli Lilly and Co. (NYSE: LLY) also currently serves on the boards of Ford Motor Co., Indiana Economic Development Corp., Nike Inc. and United Way Worldwide. Lechleiter retired from Lilly in 2016. IBRI CEO Rainer Fischer says...

  • (Image courtesy of the Architect of the Capitol.)

    Federal Funds to Fight Opioids

    The U.S. Department of Health and Human Services has awarded nearly $11 million to the state of Indiana to combat the opioid crisis. The Opioid State Targeted Response grants were created by the 21st Century Cures Act. Indiana’s award is part of $485 million being distributed to all 50 states and four U.S. territories.

  • (Image courtesy of Zimmer Biomet)

    Zimmer Biomet Touts First Surgery of New Tibia

    Warsaw-based Zimmer Biomet Holdings Inc. (Nasdaq: ZBH) is touting the first surgical case for its Persona Trabecular Metal tibia. The surgery was performed in Idaho on March 20 after receiving FDA clearance in January, and approval in April. 

  • CEO Maggie Galloway says the company's technology is born out of a need identified by an emergency physician.

    Medical Device Startup Looking to Win Big

    A Jeffersonville-based medical device startup is looking to take home the top prize in a national startup venture competition. Inscope Medical Solutions, which produces a device designed to help trauma patients breathe, is one of eight finalists in the Louisville stop of the Rise of the Rest pitch competition. Inscope Medical has created the Inscope Direct, which is used to clear the airways of an emergency room patient so a breathing tube can be more easily administered.

  • (Image courtesy of Sigilon Therapeutics.)

    New Lilly Collaboration Could Grow by Hundreds of Millions

    Indianapolis-based Eli Lilly and Co. (NYSE: LLY) has announced a collaboration with a Massachusetts startup initially valued at more than $63 million. The partnership with Sigilon Therapeutics Inc. involves development of potential type 1 diabetes treatments through an emerging biopharmaceutical research method. In addition to an undisclosed equity investment, Lilly could also pay Sigilon up to $410 million for reaching development and commercialization targets.

  • Paragon Medical is headquartered in "The Orthopedics Capital of the World," Kosciusko County.

    $375M Deal For Paragon Medical

    Tennessee-based NN Inc. (Nasdaq: NNBR) has announced plans to acquire a high-profile medical device manufacturer in Kosciusko County. The company expects the $375 million deal for Paragon Medical Inc. to close in the second quarter. NN is an industrial manufacturer of high-precision metal and plastic components and assemblies, according to its website. Richard Holder, chief executive officer of NN, says the acquisition fits perfectly with the company's plan to...

  • Zimmer Biomet Device Lands FDA Clearance

    Warsaw-based Zimmer Biomet Holdings Inc. (NYSE: ZBH) has received U.S. Food and Drug Administration clearance for a device used in shoulder reconstruction surgery. The medical device manufacturer says it has also completed the first surgical case using the Comprehensive Augmented Baseplate.

  • Cassidy (right) and Rupal Thanawala (second from right) lead a HBA luncheon on "The Power of Networking."

    Women’s Organization Aims to Grow Numbers, Influence

    An Indiana organization is embracing the momentum of the national movement to level the playing field for women in the workplace. Determined to create change in the Hoosier state, the Healthcare Businesswomen’s Association (HBA) Indiana chapter is working to increase membership, expand its reach and crank up the volume of the female voice in the local life sciences and healthcare industries. 

  • Photo courtesy: Centers for Disease Control and Prevention

    Science of Stress in The Workplace: Focus of Notre Dame Study

    More than 100 Hoosier workers are donning high-tech wearable devices so University of Notre Dame scientists can gather data that could—for the first time—help companies analyze productivity through a new lens. Sound a bit thorny ethically? 

  • Low co-founded the startup with his father, Dr. Philip Low, a well-known trailblazer in Indiana’s life sciences landscape.

    Novosteo Takes Aim at Elderly Hip Fractures

    Bone fractures are undesirable for any person, but a hip fracture is especially dangerous for elderly; one-quarter of patients will die from complications within a year. “That’s a little ridiculous this day and age,” says Purdue University researcher and Novosteo, Inc. co-founder Dr. Stewart Low. 

  • The Bioscience Innovation Building will be the first new construction on the campus in the last 25 years.

    Purdue Northwest Boosts Biological Sciences

    Purdue University Northwest (PNW) says it’s passionate about training students to pursue careers in the biological sciences and healthcare; PNW Chancellor Thomas Keon notes healthcare is the second-biggest economic driver in the region, but it’s been challenging to overcome the university’s dated facilities to train these future workers. 

  • (photo courtesy Techshot)

    Device With Indiana Ties Heading to Space Station

    A device created by Greenville-based Techshot Inc. is expected to launch next week to the International Space Station as part of the next SpaceX cargo resupply mission. The company says the device can conduct research in space at varying gravity levels by producing artificial gravity.

  • (Image courtesy of the state of Indiana.)

    Trade Mission Brings Out Big Names in Canada

    An economic development trip with the state's largest trading partner is putting Governor Eric Holcomb and the delegation he is leading in front of big-name Canadian leaders. The trip kicked off Monday with a meeting with Prime Minister Justin Trudeau, cabinet officials and business executives with companies that have ties to Indiana. The Indiana delegation also includes...

  • (Image courtesy of Zimmer Biomet)

    Zimmer Biomet Joins Federal Energy Effort

    Warsaw-based Zimmer Biomet Holdings Inc. (NYSE: ZBH) has joined the U.S. Department of Energy's Better Buildings, Better Plants program. The move means the company is committing to reducing energy intensity by 25 percent over the next 10 years. The medical device manufacturer's participation in the program also includes a water-reduction component. Zimmer Biomet in 2015 announced a goal to reduce its carbon footprint by 20 percent by 2020. Senior Vice President of Global Operations ...
  • (Image courtesy of World Trade Center Indianapolis.)

    Indianapolis Lands World Trade Center

    Indiana's emerging profile as a global business center is getting a boost. After more than a year of effort, organizers have received final license from the New York-based World Trade Centers Association to establish a World Trade Center in Indianapolis. "World Trade Center Indianapolis is going to be a conduit to the world for trade, trade services in particular," said former Marion County Clerk Doris Anne Sadler, who is serving as president of WTC Indianapolis.

  • Jerome Adams took office in 2017.

    Surgeon General Talks Indiana Opioid Crisis

    U.S. Surgeon General Jerome Adams, who served three years as Indiana's state health commissioner, says better partnerships are key to putting a dent in the opioid crisis statewide and throughout the country. In an interview with Inside INdiana Business, Adams said the combination of more federal dollars and a focus at all levels of government on "better health through better partnerships" is a good start toward getting a handle on the issue.

  • (photo courtesy Cook Group)

    Cook to Begin Work on GE Plant Renovations

    Bloomington-based Cook Group will Friday break ground on its newest facility, located on the site of the former GE refrigeration plant on the city’s west side. The company acquired the site in November and said the development would lead to 500 new jobs over the next 10 years. 

  • IoT Lab Opens With Eyes on Future

    The founder of the Indiana IoT Lab says the innovation and collaboration space is focused on an industry that will "future-proof" Hoosier businesses. John Wechsler says companies that are dialing into the Internet of Things are playing in a sector that is forecast to grow to $2.2 trillion. The facility Wednesday night hosted more than 700 at a grand opening event. Wechsler said some of the state's trademark industries will be "radically affected" by...

  • (Image courtesy of Eli Lilly and Co.)

    Derica Rice Joining CVS

    The former chief financial officer of Indianapolis-based Eli Lilly and Co. (NYSE: LLY) has been named president of CVS Caremark. Derica Rice, who spent 27 years with Lilly, will take the helm of CVS Health Corp.'s (NYSE: CVS) pharmacy benefit management business next week. Rice's experience at Lilly included roles as...

  • (Image courtesy of Manchester University)

    New Manchester Degree Program 'Nation's First'

    Manchester University says a new program it is starting this summer will be the first of its kind in the country. Graduates will receive Doctor of Pharmacy and Master of Pharmacogenomics degrees. The university says the dual degree program will allow participants to share courses that apply toward both courses of study, creating cost savings.

  • Evansville-based Curvo Labs buys Mendenhall Associates

    Curvo Labs Purchases Orthopedic News Publisher

    Evansville-based Curvo Labs has announced the acquisition of Michigan-based Mendenhall Associates, who publish Orthopedic News Network. MAI will continue to operate as a wholly owned subsidiary, and Stan Mendenhall will serve as president.  

  • (Image courtesy of On Target Laboratories Inc.)

    On Target Laboratories Outperforms Funding Expectations

    West Lafayette-based On Target Laboratories Inc. says investors have chipped in more than previously anticipated. The company, headquartered in the Purdue Research Park, announced late last year the funding round led by Johnson & Johnson's venture capital arm would total $40 million. On Target Laboratories Chief Executive Officer Marty Low says contributions from H.I.G. BioHealth Partners, Elevate Ventures and Helsinn boosted the Series B round to nearly $44 million.

  • Lilly extends program for Type 1 Diabetes research

    Lilly Extends Diabetes Research Collaboration

    Eli Lilly and Co. (NYSE: LLY) will continue its fight against type 1 diabetes with the European Foundation for the Study of Diabetes and the Juvenile Diabetes Research Foundation. The entities have announced a research collaboration, that started in 2015, will continue through 2020.

  • (Graphic courtesy of BioCrossroads.)

    Study: Life Sciences Industry Tallies Increasing Impact

    Indiana's life sciences growth initiative has announced new figures showing the sector's economic impact is again on the rise. BioCrossroads says a report from the Indiana Business Research Center at the Indiana University Kelley School of Business pegs the industry's annual impact on the state at $78 billion. Nearly 55,700 jobs are tied to life sciences with a growing roster of companies that now number 1,689. BioCrossroads Chief Executive Officer David Johnson says...

  • (Image courtesy of B2S.)

    Biotherapeutic Company Details Franklin Expansion

    Franklin-based B2S Life Sciences LLC is planning to more than double its employee count. The biotherapeutic drug development company says it will invest $1.5 million into expanding and renovating its Johnson County facility. The additional laboratory space is slated to be complete in the summer. B2S currently employs 16 and its customers include large contract research organizations, pharmaceutical companies, smaller biotech businesses and startups. The new jobs are expected to pay...

  • The tiny device can be inserted into existing MRI machines. (photo courtesy Purdue University)

    Purdue Startup Aims to Increase MRI Efficiency

    A Purdue University-affiliated startup is developing a tool to allow medical professionals more effectively conduct MRI scans. MR-Link LLC's device, which is about the size of a quarter, would provide the opportunity to perform multiple imaging scans at once and record electro-physiological signals from patients.

  • IU Precision Genomics leaders cut the ribbon to open a new clinic inside the Simon Cancer Center in Indianapolis.

    Cancer Gets Personal at IU Health Precision Genomics

    A building doesn’t make a center, but the early and swift success of a young cancer treatment program at Indiana University Health demanded more space. IU Health Precision Genomics focuses on patients with late-stage cancer who have exhausted standard treatment options, and the program recently moved into a new center that is opening the door to more patients.

  • Seniors with Dementia Testing Safety Bracelet

    Wearable technology invented by a recent Indiana University graduate is helping provide peace of mind for 15 families in Bloomington. CareBand is a high-tech device, but its mission is simple: protect seniors who have dementia or Alzheimer’s disease from wandering into danger. 

  • The company expects to expand even more quickly as it develops a new rapid test for histoplasmosis.

    MiraVista Aims to Improve Testing for Misdiagnosed Infections

    Histoplasmosis isn’t top of mind for most people, but if you’re a Hoosier, it’s likely that you’ve had it. MiraVista Diagnostics Medical Director and President Dr. Lawrence Joseph Wheat says about half of people living in Indiana have had histoplasmosis, an infection caused by a fungus that can be found in soil containing large amounts of bird or bat droppings. 

  • The program provides up to 13 hours of credit at UE for students who would enter certain health sciences programs.

    UE Online Courses Help High Schoolers Jumpstart College

    The University of Evansville is expanding its curriculum for an unlikely audience: high school students. For the first time, high school juniors and seniors are taking certain UE courses online this semester to earn UE credit hours. 

  • (Image of Patricia Clark courtesy of the University of Notre Dame.)

    Notre Dame Research Could Uncover Infection Mechanism

    A University of Notre Dame researcher has been awarded a $1.1 million W.M. Keck Foundation grant designed to investigate the spread of deadly bacterial infections. The funding will support efforts to replicate in test tubes protein folding within cells, a complex process they hope to understand and find ways to stop. Professor of Biochemistry Patricia Clark and colleagues including...

  • IU Bloomington Awards Millions in Research Grants

    IU Awards Millions in Research Grants

    Two projects have received  millions in funding in the second round of IU Bloomington's Emerging Areas of Research program. The "Sustainable Food Systems Science" and "Center for Quantum Information Science and Engineering" initiatives have been awarded $2.5 million, and $3 million, respectively. 

  • Lilly Breast Cancer Treatment Lands Another Approval

    The U.S. Food and Drug Administration has given another approval for a breast cancer treatment developed by Indianapolis-based Eli Lilly and Co. (NYSE: LLY). The announcement marks the third FDA approval for Verzenio in five months. 

  • (Image courtesy of Endocyte)

    Endocyte to Begin Trial of Prostate Cancer Treatment

    West Lafayette-based Endocyte Inc. (Nasdaq: ECYT) is moving forward with its recently-acquired late-stage prostate cancer therapy. The company says it will soon begin a phase 3 trial for PSMA-617, which it says could potentially lead to an early approval of the treatment.

  • Governor Eric Holcomb Makes Appointments to State Boards, Commissions

    Governor Holcomb Makes Commission Appointments

    Governor Holcomb has announced several appointments and reappointments to various state commissions and boards. They include the Commission for Higher Education, Graduate Medical Education Board and State Board of Accountancy. 

  • (Image courtesy of Purdue University.)

    Purdue Improved Crop Storage Bags Reach Global Stage

    Some 30 years after inspiration struck for an economical way to prevent post-harvest losses from insects, a specially-designed bag system has reached global commercialization. Purdue Improved Crop Storage bags were invented by College of Agriculture professor Larry Murdock following a trip to Africa in the late-1980s. Murdock, associate professor Dieudonné Baributsa and a former Ph.D. student, Laurie Kitch, launched PICS Global Inc. to produce...

  • Cook Medical was founded in 1963 and has more than 40 specialties.

    Cook Details Major Realignment

    The president of Bloomington-based Cook Medical says changes to the company's organizational structure will drive more rapid technology innovation and continued growth. Cook is restructuring from 10 business units to two divisions, a move that will impact sales, marketing, research and development, and customer service teams. It will also establishing new distribution channel management and medical education teams. In an interview with Inside INdiana Business, Pete Yonkman said...

  • Study: Indiana Amish Gene Mutation Shows Longer Life Potential

    Northeast Indiana's Amish population is at the center of research that could help people live longer. Results from a 2015 study that were published late last year in the journal ScienceAdvances suggests those who possess a specific gene mutation, first identified in 1991 by the Indiana Hemophilia and Thrombosis Center in an Adams County girl with a rare bleeding disorder, live around a decade longer than normal. They also had lower insulin levels and diabetes rates.

  • (Image courtesy of the University of Notre Dame.)

    Study: Indiana a Life Sciences Stand-Out

    The author of a new report from a Washington D.C.-based science and technology think tank says Indiana "has done quite well" when it comes to creating a successful life sciences ecosystem. Information Technology and Innovation Foundation Senior Fellow Joe Kennedy says the sector -- which includes pharmaceutical, biotechnology and medical device and equipment companies -- was selected because new technology is showing great promise in reducing cost and increasing effectiveness.

  • Anthem made the list for the first time in 2018.

    Indiana Companies Among 'World's Most Ethical'

    Five Indiana-based companies are included among the "World's Most Ethical Companies." The companies on the list, compiled by the New York-based Ethisphere Institute, were selected based on criteria such as ethics and compliance programs, corporate citizenship and responsibility, and governance. 

  • (Image courtesy of Elanco)

    Elanco Agreement Focuses on Animal Gut Health

    Greenfield-based Elanco Animal Health has announced a new partnership with a team of agbiosciences researchers in Wisconsin. The global in-licensing agreement with Ab E Discovery involves technology focused on improving gut health of poultry. The technology is in the late stages of development and involves hens passing along anti-bodies to offspring through eggs. Under terms of the agreement, Elanco has the exclusive global rights for all animal species, but the initial focus will be...
  • Indiana-Connected Investors Boost South Bend's AgenDx

    South Bend-based AgenDx Biosciences Inc. has closed on a more than $1.5 million seed round of financing. Investors include Elevate Ventures, South Bend-based The Judd Leighton Foundation Inc., the University of Notre Dame and IrishAngels Inc., a Chicago-based investment group focused on funding for startups connected to the Notre Dame community. The early-stage company develops molecular diagnostics technology used in the treatment pancreatic cancer.

  • Brian Stemme is project director at BioCrossroads.

    Banner Year For Life Sciences VC

    BioCrossroads, the state's life sciences initiative, says Hoosier businesses in the sector received a record infusion from venture capital investors last year. The $107 million, Project Director Brian Stemme says, surpassed expectations and represents an $18 million increase from 2016. Indianapolis-based startup On Target Laboratories led the way with a $40 million investment from JJDC Inc., the venture capital unit of Johnson & Johnson (NYSE: JNJ).

  • (Image courtesy of Grace College.)

    New Grace College Program Draws on 'Vital' Connection

    The provost of Grace College in Winona Lake says the school's newly-launched mechanical engineering program will help with "large demand" across a number of industries. John Lillis says the three bachelor's degrees are designed to prepare graduates with "the most diversified set of applications" to enter the workforce in orthopedics and manufacturing-heavy Kosciusko County, northeast Indiana or beyond.

  • LoDos Theranostics says its therapy deploys low-energy ultraviolet light within the tumor to kill cancer cells.

    Purdue Startups Hit 'Gold' Status

    The Elevate Purdue Foundry Fund has awarded a total of $240,000 to three Purdue University startups. The funding from the joint venture between Indianapolis-based Elevate Ventures and Purdue Foundry gives the startups "Gold Award" investment status. 

  • The company's starting point is five types of lettuces and herbs, including arugula, basil, and specialty lettuces that aren’t commercially grown.

    Aggressively Organic Touts New Growing Method: ‘Lettuce’ Prove It

    An entrepreneur in Fishers says he’s familiar with skeptics, but intends to prove them wrong one head of lettuce at a time. Which, amazingly, grows indoors. In a cardboard “box.” With only 16 ounces of water for months.

  • On Target Laboratories raised the most VC money in 2017; its technology illuminates cancer cells during surgery.

    Indiana Life Sciences VC Funding Banks Highest Year Ever

    Venture capital funding in Indiana’s life sciences sector, including health information technology, hit an all-time high in 2017 at $107 million; it marks the second time in the last four years the total surpassed the $100 million mark. 

  • Kim's method relies on analyzing the color of the tiny blood vessels under the eyelid.

    IU Simon Cancer Patients to Test Cell Phone Anemia Detection

    Even in this era of modern technology, it seems unbelievable that a “selfie” of sorts could be used to make a medical diagnosis. But a Purdue University researcher believes his team is on the cusp of creating a mobile app that can detect anemia with just the click of a cell phone camera. 

  • Blazer-Yost says a failed hypothesis during her kidney research uncovered the potential treatment for hydrocephalus.

    IUPUI Research Could Change Treatment for Some TBIs

    The Department of Defense has tapped a team of researchers at IUPUI to lead a mission that is critical to the health of U.S. troops. The scientists are working to create a drug to treat hydrocephalus, a condition that often occurs after traumatic brain injury (TBI), which is an increased area of focus for the military due to its high rate of TBIs. 

  • Lilly Results Beat Estimates

    Indianapolis-based Eli Lilly and Co. (NYSE: LLY) is reporting a fourth quarter loss of $1.7 billion, compared to net income of $772 million in the same quarter a year earlier. However, when special items including recently-passed tax reform are accounted for, the company earned $1.2 billion, beating Wall Street estimates. The results, the pharmaceutical maker says, were also affected by more than $1 billion in charges mainly associated with a previously-announced...

  • The president of Innovative Health Solutions is Brian Carrico.

    Indiana-Made Opioid Symptom Device Gaining Traction

    A Versailles-based company that has developed what it says is the first medical device to treat opioid withdrawal symptoms is "very close" to receiving insurance approval for use in multiple states. Innovative Health Solutions Inc. President Brian Carrico says crossing the hurdles at the state level with the NSS-2 BRIDGE will help offset costs for the technology and procedure that could cost up to $1,500. During an interview in the Business of Health, Carrico said the device...
  • Zimmer Biomet Reports Major Profit Jump

    Warsaw-based Zimmer Biomet Holdings Inc. (NYSE: ZBH) is reporting full-year net income of $1.8 billion, up from $305 million the previous year. The medical device manufacturer says net sales for the year also increased 1.8 percent to $7.8 billion. 

  • (Picture Courtesy: The Union 525)

    Greenlight Guru Continues to Write Growth Story

    An Indianapolis-based company that makes quality management software for the medical device industry is beginning to bear the fruits of its investment. Greenlight Guru, which last year moved into The Union 525 downtown and announced plans to add up to 120 jobs by 2020, says nine of the new employees are slated to be added in the first quarter. The company, which currently employs 29, says total revenue doubled year-over-year.

  • IU Med School Sets Record For NIH Funding

    The Indiana University School of Medicine set a record for research funding from the National Institutes of Health in 2017. The school's $135 million in funding, a 13 percent increase over the previous year, makes it one of the top 33 NIH-funded medical schools in the nation. 

  • (Image courtesy of Zimmer Biomet)

    Zimmer Biomet Bringing Puerto Rican Workers to NE Indiana

    Nearly four dozen Puerto Rican employees of Zimmer Biomet Holdings Inc. (NYSE: ZBH) are being relocated to Whitley County more than four months after Hurricane Maria devastated the U.S. territory. Our partners at WPTA21 in Fort Wayne report the workers are transferring to the company's main campus in Warsaw and will live with their families in nearby Columbia City. Parts of Puerto Rico still don't have reliable power. Columbia City Mayor Ryan Daniel says...

  • (Rendering of campus provided by IU Health Bloomington.)

    IU Health Center in Bloomington Will 'Up Our Game'

    An Indiana University Health Bloomington executive says the nearly $400 million IU Health Regional Academic Health Center will serve Monroe County and the region for the next 25-50 years. Michael Melby says the "most exciting development that happened in our journey" is Indiana University's Academic Health Sciences facility that will be integrated into the 735,000 square-foot facility.

  • (Image of groundbreaking ceremony courtesy of Indiana University.)

    Work Begins on $389M Regional Health Center

    Officials have broken ground on what Bloomington Mayor John Hamilton calls the largest single economic development investment in the city's history. The $389 million Indiana University Health Regional Academic Center will include a new Indiana University Health Bloomington Hospital and IU's health sciences and other related academic and research facilities. IU President Michael McRobbie says the center will usher in "a completely new era..."

  • (Image courtesy of Bankers Life Fieldhouse.)

    Organizers Detail STEM Fest 2018

    Conexus Indiana and the Indiana Pacers are teaming up on an event focused on science, technology, engineering and math career paths. STEM Fest 2018, set for February 11, will involve an "interactive journey" with mentors from local companies, universities and nonprofits. Students and their families will discuss future careers in sports and beyond that relate to STEM. STEM Fest will run from 11:00 a.m. to 1:00 p.m. at Bankers Life Fieldhouse. You can connect to more about ...
  • (Graphic courtesy of United Animal Health.)

    Rebranding For Heritage Hoosier Ag Business

    A well-known name in Indiana agbiosciences has changed its identity. Sheridan-based JBS United Inc. is now United Animal Health Inc., a brand the animal nutrition and health company says will differentiate it from any other company named JBS. "Our new name also keeps us connected to our heritage: United Feeds, the name we started with over 60 years ago. We are more focused now, than ever, on..."

  • Jon Desalvo is president and CEO of Arcamed.

    Arcamed Enters 'The Warsaw of Tennessee'

    An Indianapolis-based medical case and tray manufacturer is expanding its orthopedic industry footprint. Arcamed Inc. has acquired Memphis-based Veracity Medical Solutions. Chief Executive Officer Jon Desalvo says the deal gets the Hoosier company into the market he calls the "Warsaw of Tennessee," making reference to the Kosciusko County and southern cities' global strength in orthopedics manufacturing.

  • Crouch spoke at an addiction symposium in Boone County.

    Crouch: Opioids Are State's 'Greatest Challenge'

    Lieutenant Governor Suzanne Crouch says Indiana continues to take steps to battle the opioid epidemic, which she calls "the greatest challenge we have before us." She believes an Indiana Family and Social Services Administration anti-stigma campaign showing addiction is a disease will encourage people to seek help, and says legislators can help by working to increase access to treatment. Crouch says businesses can help by educating themselves about...

  • The Sidus system debuted in Europe in 2012.

    Zimmer Biomet Lands FDA Clearance

    Warsaw-based Zimmer Biomet Holdings Inc. (NYSE: ZBH) has cleared a key hurdle for a shoulder replacement system. The U.S. Food and Drug Administration has given clearance for the medical device company's Sidus Stem-Free Shoulder system. 

  • IBRI Taps Lilly Vet For COO Spot

    The Indiana Biosciences Research Institute has selected Jay McGill as chief operating officer. McGill comes to the position after working for Indianapolis-based Eli Lilly and Co. (NYSE: LLY) for 28 years, most recently serving as senior director of Lilly Research Laboratories Operations.

  • The John J. Reilly Center for Science Technology and Values is located in Geddes Hall on the campus of the University of Notre Dame.

    Some 'Emerging Ethical Dilemmas' Already Here

    An annual list of emerging ethical dilemmas and policy issues in science and technology has been released by the John J. Reilly Center for Science, Technology, and Values at the University of Notre Dame. It includes robotic clergy, a crime reporting app and facial recognition technology that could read emotions.

  • Indiana Part of Settlement Involving Deceptive Drug Marketing

    Indiana is included in a settlement with Boehringer Ingelheim Pharmaceuticals Inc. The $13.5 million settlement involves alleged off-label marketing, as well as deceptive and misleading representations in prescription drug promotions. All 50 states and the District of Columbia were involved in the settlement. The pharmaceuticals, Indiana Attorney General Curtis Hill's Office says, are...

  • Indy Companies Among 'Best Places to Work'

    Two life sciences companies in Indianapolis are included in the "2018 Best Places to Work" by job website Glassdoor. The list was determined using reviews from U.S. employees between November 2016 and October 2017. 

  • VeoRide, a startup bikeshare company, is one of the recipients. (photo courtesy VeoRide)

    Purdue Foundry Names 'Black Award' Funding Winners

    The Elevate Purdue Foundry Fund has awarded a total of $160,000 to eight Purdue-affiliated startups. The university says the funding gives each startup Black Award status, which makes them eligible for further investment once they hit certain predetermined milestones.

  • IoT Lab Progressing in Fishers

    The Indiana IoT Lab in Fishers will hold its grand opening in the first quarter of next year. The lab, unveiled in February, is located in the city's state-certified tech park, which includes the Nickel Plate District -- home of Launch Fishers -- and North East Commerce Park. Launch Fishers founder John Wechsler says it will be home to "in-resident" companies, innovation teams from larger corporations and "backpack-and-an-idea" entrepreneurs.

  • IHS says electrical currents block the part of the brain that causes the withdrawal symptoms.

    Indiana-Made Device Aiding Opioid Withdrawal

    An Indiana company is the first in the world to commercialize a device to help relieve the symptoms of opioid withdrawal. Innovative Health Solutions Inc. (IHS) President Brian Carrico says the inability to endure withdrawal symptoms is what prevents many people from overcoming opioid addiction. 

  • Dr. Yuehwern Yih's (left) project focuses on the medical supply chain, and Dr. Craig Goergen (right) is creating a wearable device to address preeclampsia.

    Two Purdue Projects Seek to Save Moms

    The Bill & Melinda Gates Foundation is on a mission to reduce the number of infant and maternal deaths in Sub-Saharan Africa and other developing areas, and help could come from two researchers in Indiana. 

  • The contract manufacturer makes implants for smaller niche markets, such as spine, extremities and trauma.

    New Surgery Style Drives Ortho Expansion

    An emerging demand in the orthopedic sector is drumming up business for Warsaw-based Precision Medical Technologies, Inc. While major joint replacements, such as hips and knees, are the giants in the marketplace, Baby Boomers are also driving the need for more minor operations on extremities such as fingers, wrists or toes. 

  • Timothy Ratliff (left), director of the Purdue Center for Cancer Research, will direct where the funds will go. (photo courtesy Purdue University)

    Purdue Awarded 'Transformative' Gift

    The Indianapolis-based Walther Cancer Foundation haw awarded a $10 million matching-funds gift to the Purdue University Center for Cancer Research. The university says the gift will help advance research in drug discovery, treatments and potential cures.

  • Zimmer Biomet Names CEO

    The board of directors for Warsaw-based Zimmer Biomet Holdings Inc. (NYSE: ZBH) has appointed Bryan Hanson president and chief executive officer. Hanson, who also joins the company's board, succeeds David Dvorak, who stepped down from the position in July. 

  • (Image courtesy of Endocyte)

    Endocyte to Join Key Nasdaq Index

    West Lafayette-based Endocyte Inc. (Nasdaq: ECTY) is now part of the Nasdaq Biotechnology Index. The company says the criteria for the index include minimum market capitalization and average trading volume.

  • (Image courtesy of the Indiana University School of Medicine.)

    IU, OrthoWorx Collaboration Takes Flight

    A new partnership between the orthopedics industry and academia will target therapies for patients with musculoskeletal injuries or diseases. The collaboration among Indiana University, the Indiana University Research and Technology Corp. and AcceLINX, a business accelerator launched by Warsaw-based OrthoWorx, will focus on development and commercialization of technologies developed at the university. IURTC Chief Executive Officer Tony Armstrong says...

  • (Image Courtesy: Lilly Oncology)

    Lilly Cancer Treatment Falls Short in Study

    Indianapolis-based Eli Lilly and Co. (NYSE: LLY) has announced it will not seek regulatory approval on another use for one of the key treatments in its cancer portfolio. In a late-stage study, CYRAMZA met its main goal of progression free-survival in patients with HER2-negative metastatic gastric or gastroesophageal junction adenocarcinoma, but did not improve a secondary endpoint: overall survival rate.

  • Bloomington Mayor John Hamilton says "the residents of Bloomington and Monroe County will be dealing with the effects of opioid addiction for the foreseeable future."

    Bloomington, Monroe County to Sue Opioid Makers, Distributors

    Monroe County and the city of Bloomington are the most recent Indiana municipalities taking on opioid manufacturers in court. Mayor John Hamilton says the lawsuit is "one of many avenues" the city and county are pursuing to address social and "significant financial burdens" caused by the opioid epidemic. Commissioner Amanda Barge says the suit aims to take opioid distributors and manufacturers "to task."

  • Lilly plans to present trial results at scientific meetings and publications this year and in 2016.

    Lilly Issues 2018 Guidance

    Indianapolis-based Eli Lilly and Co. (NYSE: LLY) is expecting low-single-digit revenue growth next year. In its 2018 financial guidance, the drugmaker is projecting revenue to be between $23 billion and $23.5 billion, driven by recently-launched products including Trulicity, Taltz and Cyramza. Lilly expects earnings per share for 2018 to be in the range of $4.24 to $4.34. The company is maintaining expectations for at least 5 percent average annual revenue growth from 2015 to...

  • (Image courtesy of Italpollina)

    Italpollina Boosting Anderson Commitment

    Just over a year after beginning construction on a more than $9 million North American headquarters in Anderson, Italy-based agbiosciences company Italpollina says it will build a science and technology park next to its Madison County operation. The company has not detailed the investment total or the construction timeline, but says it will specialize in the "very basis" of its development process -- sciences like phenomics and metabolomics. The park will include...

  • Bonnie Blazer-Yost is leading the research team at IUPUI.

    Grant to Fund IUPUI Study on 'Water on the Brain'

    A team of researchers from IUPUI is using a $1.8 million grant from the U.S. Department of Defense to study hydrocephalus and develop potential treatments. The university says the team is conducting a preclinical evaluation of drug compounds that could be used to treat the condition known as "water on the brain."

  • (Image courtesy of Eli Lilly and Co.)

    Lilly Treatment Gets FDA Approval

    Indianapolis-based Eli Lilly and Co. (NYSE: LLY) says the U.S. Food and Drug Administration has approved Taltz for the treatment of active psoriatic arthritis. The FDA last year approved the injectable treatment for adults with moderate-to-severe plaque psoriasis. The company says Taltz proved effective and safe during two Phase 3 studies involving more than 670 adult patients. Lilly says results from both studies showed patients treated with Taltz achieved...

  • Robinson's technology involves modifying Blu-ray players and discs.

    Blu-ray Cancer Detection Could Make Purdue Prof ‘Star of the Show’

    Blu-ray may not be for just watching movies anymore—a Purdue University researcher is confident it can also detect cancer. It’s a seemingly impossible leap from entertainment system to diagnostic, but the same technology—invisible to the naked eye—that puts movies on the screen could also detect tiny cancer particles that conventional lab equipment cannot. 

  • SonarMed says its device provides medical staff, for the first time, real-time monitoring of endotracheal tubes in babies.

    Device Helps Babies Breathe Easier

    SonarMed President and Chief Executive Officer Tom Bumgardner spends a lot of time in neonatal intensive care units (NICUs) and says the tiny patients sometimes fit in the palm of your hand. 

  • Yassen says his gel protects stem cells that conventional solutions destroy.

    IU School of Dentistry Makes Gel to Improve Root Canals

    Just the thought of a root canal makes many shudder, but perhaps even more terrifying is a repeat root canal if the first one wasn’t effective. A researcher with the Indiana University School of Dentistry says he’s developed a gel that could increase the effectiveness of root canals. 

  • Precision Medical Technologies has an implants division in Warsaw and an instrumentation division in Rome City.

    Ortho Manufacturer Expanding in Wabash County

    North Manchester-based Precision Medical Technologies plans to launch an operation to produce disposable surgical instruments in Wabash County. The orthopedic technology contract manufacturer says it will invest nearly $5 million and add up to 60 jobs over four years. Precision Medical Technologies has existing facilities in Warsaw and Rome City. The company currently employs 140 in Wabash and Noble counties and plans to start hiring positions in...

  • The annual research expenditures of Notre Dame total $191 million.

    Report Examines the Business of University Research

    Corporate giants like Eli Lilly and Company, Dow AgroSciences or Roche Diagnostics are likely top of mind as major players in Indiana’s life sciences economy. However, viewing the state’s three research universities as a single entity uncovers an equally powerful giant in Indiana. 

  • Lechleiter (pictured far right) was part of a panel on "Creating Collisions by Crossing Sector Lines" at the summit.

    Lechleiter: Agbioscience 'Parts and Pieces' in Place

    Former Eli Lilly and Co. (NYSE: LLY) Chief Executive Officer John Lechleiter says Indiana has all the tools it needs to be an agbiosciences leader, including heritage, strength in education, life sciences and logistics and an invested state government. Lechleiter was part of a panel on "crossing sector lines" at today's Agbiosciences Innovation Summit in Indianapolis. He says the key is getting all of those players to part with their "narrow self interests" and...

  • Cook Group in Bloomington is one of the largest life sciences companies headquartered in the state.

    Cook Group Completes Acquisition of Former GE Plant

    Bloomington-based Cook Group Inc. has completed the purchase of the former GE refrigeration plant site on the city’s west side. The company says the property will help accommodate its growth and lead to 500 new jobs in the Monroe County city over the next 10 years. Cook Group announced plans to acquire the property in September, along with the $950 million sale of its Cook Pharmica business to New Jersey-based Catalent Inc. (NYSE: CTLT). President Pete Yonkman says...

  • LOOK (pictured) and Junior Tube are among 25 semifinalists for a NASA-led competition.

    Indiana Entries Advance in NASA Competition

    Indiana companies are in the mix for a NASA initiative designed to address key issues on Earth and potentially help clear technological hurdles in space. Lafayette-based Junior Tube and LOOK, which develop apps that search for and organize age-appropriate online teaching and learning videos, and Green Fortress Engineering, a Greensburg-based hydrogen storage company, are among 25 semifinalists for this year's NASA’s iTech competition. Finalists will be announced December 18.

  • U.S. Attorney Josh Minkler announced the charges related to former Pharmakon executives in June. (photo courtesy WTHR)

    Federal Sentencing Awaits Former Pharmakon Exec

    The former compliance director of now-defunct Pharmakon Pharmaceuticals Inc. in Noblesville has pleaded guilty to multiple federal charges. The Office of United States Attorney for the Southern District of Indiana Josh Minkler says Caprice Bearden will be sentenced at a later date for alleged crimes that include introducing adulterated drugs into interstate commerce and conspiracy to defraud the U.S. If convicted, the combined charges carry a maximum jail sentence of...

  • The company's NSS-2 BRIDGE device helps to treat opioid withdrawal symptoms. (photo courtesy Innovative Health Solutions)

    Medical Device Company Details Growth Plans

    Versailles-based Innovative Health Solutions Inc. has announced plans to expand operations. The medical device company will invest nearly $500,000 to move into a larger office in Carmel and create 30 jobs, while maintaining its headquarters Ripley County. The announcement comes less than a week after IHS received clearance from the U.S. Food and Drug Administration for its NSS-2 BRIDGE device, which is designed to help treat the symptoms of opioid withdrawal.

  • Outpost Medicine was launched in 2016.

    Funding Grows For Indy-Connected Biopharma Company

    A biopharmaceutical company with offices in Indianapolis and London has announced a $20 million boost to a Series A round of financing. Outpost Medicine, which focuses on treating urologic and gastrointestinal disorders, says Scott Byrd will succeed co-founder David Socks as president and chief executive officer. Socks, who also serves as a venture partner with one of Outpost's key VC providers, Frazier Healthcare Partners, will remain on the board of directors.

  • (photo courtesy Innovative Health Solutions)

    Opioid Withdrawal Treatment Lands FDA Clearance

    The U.S. Food and Drug Administration has given clearance for a medical device developed in Indiana to help treat symptoms of opioid withdrawal. The device, known as the NSS-2 BRIDGE, was created by Innovative Health Solutions Inc. in Versailles.

  • (Image of Gebisa Ejeta courtesy of Purdue University.)

    Purdue Researcher Lands $5M From Gates Foundation

    The Bill and Melinda Gates Foundation is supporting Purdue University research to find stronger and more versatile sorghum varieties for African farmers. The $5 million grant is the second grant from the foundation secured by Purdue Center for Global Food Security Director Gebisa Ejeta. He previously led a team that identified a gene and biological processes that control resistance to a parasitic weed dangerous to sorghum and other crops.

  • DWD Testing Digital Job Fairs

    The Indiana Department of Workforce Development will Wednesday kick off the first two trial digital job fairs in Jasper and Warsaw. The department says it is looking to use an online format that will lessen time, scheduling and travel conflicts for both job seekers and employers. A third digital job fair will take place Thursday in Elkhart.

  • Sterrett says the scouts are working to reach outside of "traditional scouting thinking."

    Indiana Scout Leader Taking National Position

    Growing Boy Scout membership and updated programming in central Indiana has caught the attention of the national scout organization. Patrick Sterrett, who is currently scout executive for the Crossroads of America Council, has been promoted to the number two position with the Boy Scouts of America. Sterrett says growing programs like STEM Scouts are helping to build soft skills like teamwork and experimentation that Indiana employers want in talent. During a Studio(i) interview...

  • Lilly Promotes Johnson to Treasurer

    Indianapolis-based Eli Lilly and Co. (NYSE: LLY) has appointed Philip Johnson senior vice president of finance and treasurer. Johnson, who currently serves as vice president for investor relations with Lilly, will begin his new role in January. 

  • The Agbiosciences Innovation Summit will take place this year from 9:00 a.m. - 6:30 p.m. on November 29 at the JW Marriott in downtown Indianapolis.

    Lineup Announced For Agbiosciences Summit

    The state's food and agriculture innovation initiative, AgriNovus Indiana, has announced the 2017 Indiana Agbiosciences Innovation Summit lineup. The November 29 program highlighting research advancements and industry convergence will feature speakers including Governor Eric Holcomb, Indianapolis-based Eli Lilly and Co. (NYSE: LLY) Chairman Emeritus John Lechleiter and Inside INdiana Business host Gerry Dick. Chief Executive Officer Beth Bechdol says...

  • (Image courtesy of Endocyte)

    Despite Loss, Endocyte Touts 'Transformative' Quarter

    West Lafayette-based Endocyte Inc. (Nasdaq: ECYT) is reporting a third quarter net loss of $23.3 million, compared a net loss of $8.7 million a year ago. Despite the widening loss, Chief Executive Officer Mike Sherman says the three-month period has been "transformative" for Endocyte, noting progress and new developments he expects will pay off in the future.

  • Medical Device Company Growing in Columbia City

    A Columbia City-based medical device manufacturer has announced plans to expand operations in Whitley County. Micropulse Inc. will invest $5.5 million to boost its machining and inspection capacity, creating 25 jobs. 

  • (Image courtesy of Eli Lilly and Co.)

    Lilly's Work Force Reduction Plans Remain 'on Track'

    Indianapolis-based Eli Lilly and Co. (NYSE: LLY) says approximately 2,300 U.S. employees have taken voluntary early retirement. The buyouts relate to the company's previously-announced global reduction plans, which Lilly says are "on track" to meet its 3,500-position target. Lilly is looking to save some $500 million in 2018 through the streamlining process. Lilly had initially expected 2,000 U.S. employees to participate in the voluntary early retirement program.

  • Zimmer Earnings Dip in 3Q

    Warsaw-based Zimmer Biomet Holdings Inc. (NYSE: ZBH) is reporting third quarter net earnings of $98.8 million, compared to $158.8 million during the same period last year. Interim Chief Executive Officer Daniel Florin says the "challenged" results are a reflection of factors including softened domestic market conditions. He adds "while we are not satisfied with our overall performance during the quarter, we remain confident in the Company's dedicated s...

  • Eco-Tek created and sells equipment that converts manure into dairy bio-fiber. (Photo courtesy: National Dairy Council)

    Lafayette Startup Turning Poop Into Profit

    A Lafayette company is using cow manure to make products for the agriculture industry. Eco-Tek LLC founder and President Roland Kessler says the company runs manure through a biological process and ultimately turns it into natural bedding for dairy farmers and potting mix for horticulture operations. Kessler, a respiratory therapist and paramedic before becoming an entrepreneur, says Eco-Tek is working with the Purdue Foundry to find investors and distribution opportunities.

  • The school says the project is necessary because nearly 60 percent of entering freshmen are pursuing a STEM-related degree.

    Purdue Planning Major Lab Project

    Purdue University has announced plans to build what would be the campus' first new facility dedicated to teaching labs in nearly 50 years. President Mitch Daniels calls the building, which would upgrade biology and chemistry facilities, "the single most important project that we are considering." The school says the project is necessary because nearly 60 percent of entering freshmen are pursuing a STEM-related degree, and every student must take science courses. "...

  • Life Sciences Video

    • 16 Tech Moving Forward

      A new 60-acre innovation community planned near downtown Indianapolis receives a major boost needed to become reality. 16 Tech lands nearly $40 million and its first developer agreement. Details on what could be a transformative project.

    • Ascus Biosciences Pioneering an Emerging Science

      Indianapolis tech start-up Ascus is pioneering an emerging science, Endomicrobial Ecology, that uses a natural approach to improve animal health and performance. It’s being driven by former Elanco VP of Global Research and Development William Weldon. Endomicrobial Ecology harvests the natural microbiota that already exists in an animal’s system. The research is driving the science behind Ascus’ first product which will launch in Argentina in 2018.

    More
  • Most Popular Stories

    • Infosys Picks Indy For Training Center, 1K Additional Jobs

      Inside INdiana Business has learned that India-based tech giant Infosys (NYSE: INFY) will house a USA Training Center at the old Indianapolis International Airport site. The plans involve 1,000 new jobs, on top of the company's previous commitment of 2,000 new jobs as part of its downtown technology and innovation hub. Vice President Mike Pence will join Governor Eric Holcomb and others for the official announcement Thursday in Indianapolis.

    • Manufacturer Adding Production in Daviess County

      Florida-based ISOFlex Packaging will Tuesday celebrate the opening of a third production line at its facility in Daviess County. The company, which produces specialty plastic films and bags, will add a small number of jobs as a result. The company has invested more than $4 million into the new production line. The facility originally opened in 2014 following a $25 million investment by Alliance Barrier Films, which was acquired by ISOFlex in January.

    • 'Supercar' Assembly Operation Planned For Purdue

      The England-based manufacturer of a car billed as the fastest street-legal vehicle on the road has selected the Discovery Park District at Purdue University for a showroom and assembly facility. Keating Supercars LLC will produce its first model to be sold in the U.S., the Viperia Berus coupe, which is capable of reaching speeds greater than 230 miles-per-hour. The company is slated to cut the ribbon on the showroom late next month and eventually ramp up production at Purdue to...

    • (Service area map provided by Vectren.)

      What Does Vectren Merger Mean?

      A utility industry observer says he does not think the planned $6 billion merger of Evansville-based Vectren Corp. (NYSE: VVC) and CenterPoint Energy Inc. (NYSE: CNP) will have a major impact in Indiana. Doug Gotham, who serves as director of the State Utility Forecasting Group at Purdue University, also says he is not aware of any recent mergers that have been shut down by Federal Energy Regulatory Commission, a key hurdle that remains to be cleared. CenterPoint says plans...

    • IN3, formerly API, involves major defense, govermental, economic development and academic stakeholders from throughout the state.

      New Name, First Contract For Defense Tech-Focused Institute

      Indiana Innovation Institute, formerly known as the Applied Research Institute, is kicking off a rebranding with the announcement of its first contract. The $2.3 million trusted microelectronics collaboration with Purdue University also includes researchers and personnel from the Crane Naval Surface Warfare Center, Indiana University and the University of Notre Dame. The work involves rapid development of counterfeit-resistant technology that is immune to global attacks.