The trial was evaluating recovery chances for severe cases when the drug was administered in combination with an antiviral medication that was recently approved by the FDA.

Eli Lilly continues to back a potential COVID-19 treatment despite research showing that it may not work on hospitalized patients.

Lilly expects full-year earnings in the range of $7.20 to $7.40 per share, with revenue in the range of $23.7 billion to $24.2 billion. That's short of the per-share earnings that Wall Street was looking for

Swiss pharmaceutical company Novartis's subsidiary Advanced Accelerator Applications (AAA) broke ground Monday on a new production facility in Indianapolis.

Eli Lilly paused trials of its COVID-19 treatment drug Tuesday. The news came less than a day after Johnson & Johnson also paused its trial on a COVID-19 vaccine.

Recent delivery delays have raised concerns about the U.S. Postal Service's handling ballots for November's election. They've also created immediate worries for those who rely heavily on the service to obtain life-saving medications.

Indianapolis-based Eli Lilly is moving to Phase 3 testing of a treatment to prevent COVID-19 after initial success. The next step will be to test the drug at nursing homes where the pandemic has hit hard.

The facility upgrades in automation and data analytics will be some of Lilly's most advanced manufacturing technologies, the company says.

A former central Indiana compounding pharmacy executive who was convicted of federal charges stemming from drug-potency problems has been sentenced to almost three years behind bars.

The state of Indiana and the city of Bloomington announced Monday that Somerset, New Jersey-based Catalent Inc. plans a "significant expansion" of its manufacturing of biologics.