Health Care & Life Sciences

Downtown life sciences corridor flagged for development

November 28, 2009
 IBJ Staff
A new task force is charged with making recommendations for development of the city’s downtown certified technology park.
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HICKS: New breast cancer recommendation not supportedRestricted Content

November 28, 2009
Mike Hicks
Under the current proposal, the same type of groups that made the CDC's recommendations will outline guidelines about which treatment will be offered under a government program.
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St. Vincent-Novia clinic partnership cuts out insurance middleman

November 28, 2009
J.K. Wall
The St. Vincent Health hospital system has joined with Indianapolis-based Novia CareClinics LLC to set up clinics on employers’ campuses, offering health care for their workers with no insurance companies involved.
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Employer costs surge despite low inflation

November 25, 2009
J.K. Wall
Employers are seeing their health care costs rise even though inflation is at a virtual standstill.
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Hillenbrand profits rise despite revenue declines

November 24, 2009
 IBJ Staff
Improved investment returns and lower costs on diesel fuel and raw materials used in Hillenbrand's products helped improve company earnings
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Indiana No. 3 in premium surge

November 18, 2009
J.K. Wall
Health insurance costs have spiked 136 percent in past decade, more than three times more than wage growth.
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Lilly stock droops after rival claims faster-acting impotence pill

November 18, 2009
 IBJ Staff
California-based Vivus claims its drug acts in 30 minutes, compared with about 2 hours for Lilly's Cialis.
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Arcadia sees bigger quarterly loss on lower revenue

November 16, 2009
J.K. Wall
Health care company Arcadia Resources Inc. saw growth in pharmacy business, offset by slower medical staffing sales.
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New Anthem pay-for-performance program gives docs $3.1M

November 14, 2009
J.K. Wall
Anthem Blue Cross and Blue Shield of Indiana is doling out $3.1 million to Indianapolis-area doctors—its first payments based on a local quality measuring system.
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Aarden Pharmaceuticals chose Indianapolis over San Diego for headquarters

November 14, 2009
 IBJ Staff
Thanks partly to a state grant and support from Indiana’s BioCrossroads life sciences initiative, principals “decided locating here would give Aarden a better chance of success.
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Hancock Regional Hospital goes after Geist market

November 14, 2009
Kathleen McLaughlin
The $7.8 million medical office building in McCordsville will allow the hospital to tap patients with private insurance.
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Health reform prods partnership of St. Vincent, OrthoIndy

November 13, 2009
J.K. Wall
The specter of declining reimbursement, as well as the desire for statewide growth, lie behind St. Vincent Health's decision to form a physician management firm with OrthoIndy and buy a minority stake in its Indiana Orthopaedic Hospital.
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St. Vincent, OrthoIndy form partnership

November 13, 2009
 IBJ Staff
St. Vincent Health has acquired a minority interest in Indiana Orthopaedic Hospital and is in discussions with OrthoIndy physicians and other independent doctors to create a management company that would oversee orthopaedic and spine services at St. Vincent Indianapolis. The health care providers announced the deal early Friday.
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Indiana near top in smoking survey; national rate rises

November 13, 2009
 IBJ Staff and Associated Press
A survey found cigarette smoking rose slightly on a national basis for the first time in almost 15 years and that Indiana had the second highest smoking rate among states.
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Hill-Rom's fourth quarter profit exceeds expectations

November 12, 2009
 IBJ Staff
The Batesville-based maker of hospital equipment reported profit of $26.4 million, or 42 cents per share, in the period ended Sept. 30.
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Vera Bradley gives another $10M to IU cancer center

November 12, 2009
 IBJ Staff
Previous gifts from the foundation to the cancer center have been used to hire 10 researchers working on breast cancer.
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Lilly to pay Utah $24 million to settle Zyprexa suit

November 11, 2009
Eli Lilly and Co. has agreed to pay Utah $24 million to settle a lawsuit claiming the company improperly marketed the antipsychotic drug Zyprexa.
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Lilly, WellPoint CEOs pin hopes on Senate

November 11, 2009
J.K. Wall
Drugmaker and health insurer bemoan aspects of House health reform bill and hope Senate crafts more industry-friendly bill.
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Council resurrects workplace smoking ban proposal

November 10, 2009
 IBJ Staff
Two weeks after reaching a stalemate on a proposal that would broaden the city's workplace smoking ban, City-Council Council members voted Monday night to resurrect the measure.
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Arcadia adds Goldsmith to board, seeks $11M in offering

November 9, 2009
J.K. Wall
Indianapolis-based Arcadia Resources Inc. has added former Indianapolis Mayor Steve Goldsmith to its board and plans to raise $11.1 million in a registered direct stock offering.
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Struggling Bioanalytical Systems adds outsider to boardRestricted Content

November 7, 2009
Peter Schnitzler
Shareholders are starting to make inroads in their effort to turn struggling West Lafayette-based Bioanalytical Systems Inc. in a new direction.
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Catholic-owned builder edges into IndianapolisRestricted Content

November 7, 2009
Norm Heikens
When Sisters of St. Francis Health Services Inc. bought Tonn and Blank Construction Co. in 1998, more than one employee of the Michigan City firm wondered what it would be like to be run by a Roman Catholic order that not only owned a string of Midwestern hospitals but also traced its spiritual heritage to a 12th century mystic.
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WellPoint, Obama administration battle over cost of health reform to employers

November 7, 2009
 IBJ Staff
At this point in the health reform debate, you have to take numbers from any side with a grain of salt. That said, Indianapolis-based WellPoint Inc. has done perhaps the only local analysis of how proposed reforms would affect the cost of health insurance for employers.
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IUPUI mulling options for old Wishard Hospital siteRestricted Content

November 7, 2009
J.K. Wall
The most obvious use for the old Wishard site is an expansion of the Indiana University School of Medicine, particularly for medical research space, university administrators said.
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UPDATE: Life science firm to add 100 jobs at Park 100

November 6, 2009
 IBJ Staff
California-based life science firm Beckman Coulter Inc. is moving its precision plastics injection molding operation to the Park 100 business park on Indianapolis' northwest side, making what it calls a multimillion-dollar investment in the operation.
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