Shares of Elanco Animal Health dropped 4% on Wednesday to a new all-time low after Moody’s Investor Service downgraded the company’s credit rating. Moody’s action pushed Elanco’s credit rating further into “junk bond” territory.... Read More
BioCrossroads, Indiana’s initiative to grow the life sciences sector, has added two new people to the organization’s leadership team. ... Read More
The Lebanon Plan Commission voted unanimously Monday to recommend approval of Eli Lilly and Co.’s development plan for two manufacturing facilities in Boone County. The proposed $2.1 billion Lilly manufacturing campus north of Lebanon will...... Read More
A medical partnership involving some of Indiana’s biggest universities has received nearly $38 million to continue its work taking laboratory and clinical discoveries and translating them into treatments for patients. ... Read More
Suicides are climbing faster among young people than adults, triggering alarm bells that “what we’re doing isn’t working,” says University of Notre Dame psychologist Theodore Beauchaine. He’s co-leading a mission to reinvent teen suicide prevention efforts.... Read More
An Australian biotech company that has its U.S. headquarters in Fishers has received additional approval from the U.S. Food and Drug Administration. Telix Pharmaceuticals says its lead prostate cancer imaging product, Illuccix, is now authorized to...... Read More
Dr. Malaz Boustani, an esteemed brain doctor at the Indiana University School of Medicine, is haunted by the fact that he didn’t identify his own father’s Alzheimer’s disease. “I think I’m a great brain doctor—and I missed it,” he says. ... Read More
A supply chain management company headquartered in Singapore is establishing operations at the Warsaw Technology Park. Mentor Media plans to invest nearly $7 million to occupy a portion of a shell building and create nearly 50 jobs over the next three years.... Read More
The IU School of Medicine has terminated a research project involving surgery on live pigs after officials discovered the laboratory workers were using expired surgical supplies. It was unclear exactly what the medical school was researching under the project.... Read More
Glaucoma is a leading cause of blindness in the U.S., but more than half of the cases are undiagnosed. An Indianapolis startup has its sights set on commercializing high-tech contact lenses that could diagnose glaucoma and delay its progression. ... Read More
Fishers-based Recovery Force Health said Thursday it has closed on a $1.25 million round of funding. The company has developed an FDA-cleared wearable compression device for hospital patients designed to prevent deep vein thrombosis. ... Read More
Indianapolis-based radiopharmaceutical developer and manufacturer SpectronRx has completed construction of a facility near the Grissom Air Reserve Base in Bunker Hill and has initiated testing of its medical isotope producing technology. ... Read More
Eli Lilly and Co. said Wednesday that an experimental drug failed to slow progression of cognitive decline in healthy elderly patients at high risk for Alzheimer’s disease, the latest setback for finding a treatment for a disease that ravages the brains of more than 5 million Americans.... Read More
An Indiana University-affiliated startup says it has developed a blood test for anxiety. Indianapolis-based MindX says the test examines biomarkers that can help them objectively determine someone’s risk for developing anxiety, the severity of their current case and which therapies would best treat their anxiety.... Read More
A contract manufacturer in Hancock County that specializes in radio frequency welding and heat sealing is under new ownership. Wisconsin-based Vonco Products has acquired Genesis Plastics Welding in Fortville, though financial terms are not being disclosed.... Read More
A medical technology entrepreneur who is working with the University of Notre Dame IDEA Center is preparing for the commercial launch of a pillow that can improve oxygen flow for patients who struggle with emphysema and COPD. ... Read More
New data shows Indiana continues to lead the nation in life science products exports, including pharmaceuticals, medical devices, and agbiosciences. BioCrossroads, Indiana’s initiative to grow the life sciences sector, says $13 billion of the products were shipped out of the Hoosier State in 2022, compared to $12.7 billion the previous year.... Read More
A team of Purdue University scientists has received a $2.5 million grant from the National Institutes of Health to examine the role of lipid droplets in muscle stem cell function for both people and livestock. Their results could provide insight to recovery in muscle-related disease and injury in humans, and animal growth to enhance meat production.... Read More
Eli Lilly and Co. on Wednesday announced it is cutting prices by 70% for some of its most commonly prescribed insulins. The Indianapolis-based drug maker also said it will expand a program that caps patient out-of-pocket costs at $35 or less a month.... Read More
West Lafayette-based pharma-technology startup Novilytic LLC has made its commercial product launch and announced plans to expand to a second location in the Indianapolis area, while also growing its staff. The young company developed technology that provides pharmaceutical companies with a real-time alert if a batch of drugs under development is contaminated.... Read More
