As Indianapolis-based Eli Lilly and Co. adjusts to deal with upcoming patent expirations, an associate professor of finance believes investors will be pleased with the course set by company leadership. Matt Will with the University of Indianapolis says the company continues to pump a healthy chunk of revenue into research and development to help remain competitive in a tough industry. He also points out Lilly's cost-reduction efforts should keep it attractive to shareholders. Will made the comments during a Studio(i) interview shortly after Lilly outlined plans to return to revenue growth after 2014.
University Secures $6 Million NOAA Contract
Indiana University says it has landed a $6 million contract to expand its operation of a science network for the National Oceanic and Atmospheric Administration. IU Vice President for Information Technology Brad Wheeler says the school's Global Research Network Operations Center supports NOAA's N-Wave network, which handles up to 80 terabytes of data per day.
IU Health Arnett to Streamline Services
Indiana University Health Arnett in Lafayette is planning to consolidate urgent care operations. The move will result in the closing of one facility, which the health care organization says could make way for potential expansion of primary care services.
University Presidents to be Inaugurated
Celebrations for two new university presidents will be held tomorrow. Inauguration ceremonies are set for Indiana Wesleyan University's David Wright and Sherilyn Emberton at Huntington University.
Logistics Summit to Focus on Asia Connections
More than 300 business leaders are expected to attend next week's Indiana Logistics Summit, which will feature the official opening of a new intermodal rail terminal. Ports of Indiana describes the facility as a "Gateway to Asia." Chief Executive Rich Cooper will be a guest on this weekend's edition of Inside INdiana Business Television.
CTS Corp. Sells Business Unit
Elkhart-based CTS Corp. has agreed to sell its Electronics Manufacturing Solutions business to a Texas company. The $75 million deal with Benchmark Electronics Inc. includes facilities in California, New Hampshire, Thailand and Mexico.
Dow Agro Announces Global Collaborations
Indianapolis-based Dow AgroSciences has made two global announcements. The first involves a plant science technology agreement with a Scottish startup. The company has also launched a food security initiative that includes partnering with African organizations and the Indianapolis Hunger Network.
United Way Awards More Than $1 Million
Eight nonprofits will benefit from more than $1 million in grants from United Way of Central Indiana. Recipients include child care, mental health and low-cost legal service organizations.
Grant to Boost Leukemia Research
Purdue Research Park-based Tymora Analytical Operations LLC is part of a group receiving a $300,000 grant from the National Institutes of Health. The company will team with Purdue University and St. Jude Children's Hospital to develop technology to identify different types of leukemia cells.
St. Francis Selects New COO
Franciscan St. Francis Health-Mooresville has named Peter Murphy senior vice president and chief operating officer. He most recently served as president of KM Global Solutions Inc., a business he founded.
Electronics Company Marks Anniversary
An Indianapolis electronic hardware manufacturer is celebrating 60 years in business. General Devices began in 1953 making 3D movie reels. The company now employs approximately 150 in central Indiana.
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