Health Care & Life Sciences

Merck's exit pushes Endocyte shares lower

June 18, 2014
 IBJ Staff
Shares of Endocyte Inc. skidded 15 percent Wednesday after industry giant Merck & Co. Inc. decided it would give up on developing Endocyte cancer drug vintafolide.
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FDA prepping long-awaited plan to reduce salt

June 17, 2014
Associated Press
Food companies and restaurants could soon face government pressure to make their foods less salty for health reasons.
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Lilly, IU expect $25M plan to create new model for drug R&D

June 16, 2014
J.K. Wall
A new research consortium spearheaded by the Indiana University School of Medicine and Eli Lilly and Co. could bring in $25 million to $50 million over five years to create a new approach for developing drugs that provide more precise treatment for small groups of patients.
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Remodelings might await boomers wanting to stay in their homes

June 14, 2014
Norm Heikens
Many homes will be difficult for aging boomers to navigate without changing doors, bathrooms, hallways and kitchens.
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Sale ends 83-year run for Indy’s Harlan Laboratories

June 14, 2014
Greg Andrews
Whether the merger of the former rivals is good for Indianapolis will play out in the coming months. Huntingdon has 1,200 employees, most of them in the United Kingdom and Princeton, N.J. Harlan has about 2,300 employees worldwide, including 300 locally.
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Insurance changes put state's autism industry on edge

June 14, 2014
J.K. Wall
Indiana's autism therapists say their prospects are cloudy after the state’s largest health insurer, Anthem Blue Cross and Blue Shield, cut payments 40 percent and took a harder line on paying for therapy for school-age children.
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Legal snags kill Community-Eskenazi hospital merger

June 12, 2014
J.K. Wall
Community Health Network and Eskenazi Health quietly called off their engagement months ago, when they found out federal laws effectively prohibited their marriage. Now they’re trying to figure out how to just be friends.
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Former Riley Hospital CEO Pescovitz to join Eli Lilly

June 11, 2014
J.K. Wall
Dr. Ora Pescovitz is returning to Indianapolis after spending the past five years as CEO of the University of Michigan Health System.
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Audit: Nearly 275 in Indiana await first VA visit

June 9, 2014
Associated Press
Auditors found that the agency's complicated appointment process created confusion among schedulers and supervisors, and that a 14-day goal for seeing first-time patients was unattainable.
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Wellfount takes $16M and runs with it

June 9, 2014
J.K. Wall
The long-term-care pharmacy company, which puts Redbox-style vending machines in nursing homes, thinks a fresh infusion of cash will allow it to double revenue this year and become self-sustaining.
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Lab software firm raises $8.5M, names new CEO

June 9, 2014
Dan Human
A San Diego venture capital firm has made a big bet on Indigo BioSystems Inc., which just installed its founder as the new chief executive.
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Doctors want to improve state drug-tracking system

June 9, 2014
Associated Press
A study has found that most doctors in Indiana aren't frequently using an electronic system designed to detect prescription drug abuse.
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Lilly consolidated into testosterone drug lawsuit

June 9, 2014
Bloomberg News
The decision to collect cases before one court comes after the U.S. Food and Drug Administration said it will re-examine the safety of testosterone-replacement drugs after studies showed the medicine posed an increased risk of heart attack and stroke.
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Fishers OKs tax break for medical building

June 7, 2014
Andrea Muirragui Davis
Cornerstone Cos. plans to locate the $11 million project near Interstate 69.
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Providers increasingly joining health insurance game

June 7, 2014
J.K. Wall
When the next enrollment season opens for the Obamacare exchange in Indiana, more than half the “health insurers” will actually be doctors and hospitals.
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Coats, Donnelly demand answers on VA wait times

June 4, 2014
Associated Press
The senators planned to submit a letter Thursday to Acting Secretary Sloan Gibson requesting a review of Indiana facilities after a May 20 request to former Secretary Eric Shinseki went unanswered. Shinseki resigned last week.
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Now, application 'inconsistencies' vex health care law

June 4, 2014
Associated Press
A government document provided to The Associated Press indicates that at least 2 million people enrolled for taxpayer-subsidized private health insurance have data discrepancies in their applications.
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Glaxo to pay $105 million in multistate settlement

June 4, 2014
Bloomberg News
Indiana will receive part of the settlement money. The accord will prohibit Glaxo from providing incentive payments to salespeople that encourage uses of the drugs not indicated on their labels.
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Midwest VA hospitals also had secret waiting lists

June 3, 2014
Associated Press
The Department of Veterans Affairs maintained 10 such "secret waiting lists" of military veterans in need of care at facilities in Kansas, Missouri, Illinois and Indiana, the letters said.
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Republicans offer alternative VA health care bill

June 3, 2014
Associated Press
A bill proposed by four Senate Republicans would give veterans more flexibility to see a private doctor if they are forced to wait too long for an appointment at a Veterans Affairs hospital or clinic.
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Mainstreet eyes more 'crowdfunding' for nursing homes

June 2, 2014
J.K. Wall
After raising $1.8 million via the Internet for a new nursing home in Bloomington, the Carmel-based developer thinks it has found a more efficient source of fundraising for further construction.
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Teamwork transforming care at IU Health's Saxony hospitalRestricted Content

May 31, 2014
J.K. Wall
Getting everyone into the same room prior to surgeries is cutting costs and improving health.
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Shinseki resigns amid veterans' health care issues

May 30, 2014
Associated Press
Veterans Affairs Secretary Eric Shinseki resigned Friday after publicly apologizing for systemic problems plaguing the agency's health care system.
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Costly drugs force cancer docs to weigh price with therapy

May 30, 2014
Bloomberg News
With new cancer drugs priced as high as $10,000 a month, and insurers tightening payment rules, patients who thought they were well covered increasingly find themselves having to make life-altering decisions about what they can afford.
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IU medical school helping to lead $30M concussion study

May 30, 2014
Associated Press
The Indiana University School of Medicine will help oversee a three-year, $30 million concussion study being funded by the Indianapolis-based NCAA and the U.S. Defense Department.
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