Indy Style

How recipes are developed at the CRG Test Kitchen

How recipes are developed at the CRG Test Kitchen

How recipes are developed at the CRG Test Kitchen

Indy Style takes you into the CRG Test Kitchen in downtown Indianapolis to show you how Chef Layton Roberts conceptualizes a dish that may end up on one of the menus of a Cunningham Restaurant Group property.

How recipes are developed at the CRG Test Kitchen

How recipes are developed at the CRG Test Kitchen

To learn more, visit www.crgdining.com.

SEGMENT IS SPONSORED BY CUNNINGHAM RESTAURANT GROUP

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Elanco closes out first full year of independence

GREENFIELD, Ind. (Inside INdiana Business) — Elanco Animal Health Inc. (NYSE: ELAN) is reporting full-year net income of nearly $68 million in 2019, down from $86.5 million the previous year. 2019 marked the first full year for Elanco as an independent, public company. It separated from Indianapolis-based Eli Lilly and Co. (NYSE: LLY) in 2018.

The company is also reporting a fourth-quarter net loss of $9.5 million, compared to net income of $16.4 during the same period a year ago.

Elanco President and Chief Executive Officer Jeff Simmons says the company is moving with “speed and agility” like never before.

“We are advancing our pipeline, executing across a diverse portfolio and improving profitability through a robust productivity agenda,” said Simmons. “We remain confident in the underlying fundamentals in our base business.”

Simmons says the acquisition of Bayer Animal Health is developing better than expected. In August, Elanco announced it was purchasing the animal health assets from Germany-based Bayer AG in a deal valued at $7.6 billion.

“We are encouraged by the progress from a regulatory, financing and integration planning perspective, as well as, Bayer’s underlying market positioning and performance. We continue to look toward a mid-2020 close.”

If approved, it would double Elanco’s Companion Animal business and create the second-largest animal health company by revenue.

To view the complete earnings report, click here.

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