The University of Notre Dame has announced the largest contribution of its kind in the school's history. Kenn Ricci, a Notre Dame alumnus who also serves on the board of trustees, and his wife, Pamela, have made a $100 million unrestricted commitment to the university.
Lilly mulls Elanco future, reports profit: Indianapolis-based Eli Lilly and Co. (NYSE: LLY) says it is "reviewing strategic alternatives" for Elanco, its animal health division, with options ranging from an initial public offering to a sale. The company says it will update the process no later than the middle of 2018. Lilly today reported third quarter net income of $555.6 million, compared to $778 million during the same quarter last year. The company says revenue increased 9 percent over the third quarter last year.
Board game company growing in Lafayette: A Germany-based board game manufacturer has announced plans to expand operations in Tippecanoe County. Ludo Fact GmbH says it will invest $13 million in its Lafayette facility over the next five years, creating up to 75 jobs. The company, which produces components for a variety of board games and puzzles, established Ludo Fact USA in 2016 after acquiring Jessup Paper Box in Lafayette.
Partnership seeks 'vital' school broadband: Indiana has launched a partnership with a national nonprofit aimed at bringing high-speed Internet to every classroom in the state. Superintendent of Public Instruction Jennifer McCormick says nearly 40,000 students are currently not connected, which is "not acceptable in this day and age." She says EducationSuperHighway will work with the Indiana Department of Education and local schools to determine how to increase digital access and capacity with available state and federal funds.
Anthem announces acquisition, profit increase: Indianapolis-based Anthem Inc. (NYSE: ANTM) is reporting third quarter net income of $746.9 million, compared to $617.8 million during the same period the previous year. The company has also announced the acquisition of privately-held Medicare Advantage organization America's 1st Choice.
Purdue touts startup totals: Purdue University says it has reached 100 startups with intellectual property through the Purdue Research Foundation, as well as another 65 based on company-owned intellectual property. The school says the startups have attracted more than $230 million in funding and support over 200 jobs.
Tech exec: Good to see state 'jumping behind' IoT: After previous technology initiatives that Indiana has "missed the boat on," one tech executive says it's good to see Indiana get behind the rapidly-growing Internet of Things industry. Sharpen Technologies Chief Executive Officer Cameron Weeks was among the organizers of Wednesday's third annual IndyIoT event, which attracted 450 people. The event in Carmel aimed to show how Indiana, a state known for growing, making and moving things, is well-positioned to be a leader in the emerging sector.
Orthopedic company growing in Huntington: Huntington-based Incipio Devices LLC says it will invest more than $7 million to expand its manufacturing and research operations. The orthopedic device company plans to add more than 20 new jobs over the next three years.
Medical company closing Mishawaka facility: New Jersey-based Ascensia Diabetes Care Inc. has detailed plans to close its facility in Mishawaka. In a notice to the state, the company says the closure will leave more than 100 employees out of work.
Delphi completes Stellar projects: The city of Delphi is celebrating the completion of $23 million in improvements as part of Indiana’s Stellar Communities Designation Program. Delphi was named a Stellar Community in 2012. Since that time, the city has renovated the Delphi Opera House, upgraded downtown building facades and underground water mains, and made improvements to its trail system and streetscapes, among others. Mayor Shane Evans calls the work a “significant milestone.”
Hoosier leaders react to Trump's opioid declaration: Indiana political and education leaders are praising President Donald Trump for declaring the nation's opioid epidemic a national public health emergency. Governor Eric Holcomb and Senator Joe Donnelly both say it will take an "all-hands-on-deck approach" involving partners on every level to tackle the epidemic.
Prime Car Wash expanding to Avon: Fishers-based Prime Car Wash has broken ground on its fourth central Indiana location. The car wash chain is investing $5 million into the new facility in Avon, which is expected to create 50 jobs.
Hoosier astronaut joins Space Science Institute: The Link Observatory Space Science Institute in Morgan County has announced astronaut and Indiana native David Wolf will join the institute as chief science officer. Wolf, who has logged more than 4,000 hours in space, will begin his new role in January.
New Albany chemical manufacturer acquired: Ohio-based private investment firm Signet has acquired a nearly 50-year-old chemical manufacturer in Floyd County. Financial details of the deal for Blue Grass Chemical Specialties LLC were not disclosed, however Signet says the management team at the company's New Albany plant will remain in place to ensure continuity.
Purdue team wins logistics competition: A team of students from Purdue University's Krannert School of Management took the top prize in Conexus Indiana's Logistics Case Competition. The event featured students from 18 universities and colleges and received support from 20 Indiana logistics companies.
Indy company acquires Denton Pharma: An Indianapolis-based pharmaceutical repackaging and fulfillment company has acquired New York-based Denton Pharma Inc. Financial details were not disclosed, however Northwind Pharmaceuticals says Denton will continue its operations in the northeast.
Braun to resign From Indiana house: Representative Mike Braun (R-63) has announced plans to resign from the Indiana House of Representatives next month. The representative from Jasper, who has served in the house since 2014, is leaving to focus on his campaign for U.S. Senate.
Budget committee approves transformative project: The State Budget Committee has approved the construction of the more than $40 million Bioscience Innovation Building on the Purdue University Northwest campus in Hammond. Our partners at The Times of Northwest Indiana report work on the building is slated to begin in August 2018.