Health Care & Life Sciences

Wellness-based development would be first of kind here

August 3, 2010
Tom Harton
Satori Pointe is being marketed as a campus where medical offices, fitness-oriented retailers and residents would co-exist.
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Dow Agro boosts sales, profit in second quarter

August 3, 2010
 IBJ Staff and Bloomberg News
Indianapolis-based Dow AgroSciences improved sales and profit in its second quarter thanks to higher volumes and lower costs, the company said Tuesday morning.
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WellPoint, peers focus on health reform rules, campaign

August 3, 2010
Bloomberg News
WellPoint Inc., UnitedHealth Group Inc. and three other health insurers, criticized by Democrats during the health care reform debate, are seeking to influence how the new law will be implemented, and possibly change it, by campaigning for supportive congressional candidates.
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Senator asks Zimmer for info about product complaints

July 31, 2010
Bloomberg News
Inquiry stemmed from an article in the New York Times about a dispute between the Warsaw-based maker of artificial hip and knee joints and two of its consultants.
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Ex-Dow AgroSciences employee accused of stealing trade secrets

July 31, 2010
Chris O'Malley
The U.S. Department of Justice has charged Ke-xue Huang, a native of China's Hunan province, of stealing trade secrets of a Dow AgroSciences insecticide and giving them to the People's Republic of China. Federal agents arrested the former Dow Agro scientist July 13 in Westboro, Mass.
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New law takes American Health Network full circleRestricted Content

July 31, 2010
J.K. Wall
Dr. Ben Park joined Anthem Blue Cross and Blue Shield in 1993 to start a large group of primary care physicians who would institute a concept called managed care. Now American Health Network is well-positioned to take advantage of the new version of managed care, called accountable care.
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Indiana life sciences companies capture more venture capital money in first half of 2010

July 31, 2010
 IBJ Staff
Venture dollars for Hoosier companies are still few, but the flow of deals is picking up.
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Lilly among bidders for Denmark company, source says

July 30, 2010
Bloomberg News
Copenhagen-based health-care company Ascendis Pharma A/S received offers of about $400 million, an unidentified source said. Ascendis may choose a final bidder by early September.
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Hill-Rom raises profit forecast after quarterly earnings jump

July 29, 2010
J.K. Wall
The Batesville-based maker of hospital beds and furniture announced Wednesday night that it earned $30.6 million in its third quarter, up from $20.2 million in the same quarter of 2009.
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Investors fear insurers' rosy outlook will boost regulators' scrutiny

July 29, 2010
Bloomberg News
Indianapolis-based WellPoint Inc. became the third U.S. health insurer this month to increase its 2010 profit forecast, stirring investor concern that state and federal regulators may increase scrutiny of industry pricing.
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Lilly loses appeal over patent for cancer drug Gemzar

July 28, 2010
 IBJ Staff and Bloomberg News
A U.S. appeals court Wednesday said a lower court was correct to invalidate a patent on the medicine that expires in 2013. Gemzar generated $1.36 billion in global sales in 2009.
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Exchanges sprout around the country

July 28, 2010
J.K. Wall
When the Indiana Health Information Exchange launched in 2004, it was one of nine truly operational exchanges around the country. Today, the Indianapolis-based organization is one of 73, according to the latest national survey by the eHealth Initiative.
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Life sciences deals pick up momentum

July 28, 2010
J.K. Wall
Venture dollars for Indiana life sciences companies are still few, but the flow of deals is picking up. Nine Hoosier companies scored investments totaling $10.4 million during the first six months of the year.
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WellPoint gains confidence as profits rise

July 28, 2010
J.K. Wall
The Indianapolis-based health insurer raised its full-year profit forecast after it earned $722.4 million, 4 percent higher than during the same quarter a year ago. Revenue and health plan membership fell.
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Survey: Many hospital patients in dark about debt-relief options

July 26, 2010
J.K. Wall
Marion County survey finds 80 percent of respondents in debt to local hospitals, with about half saying they were never informed about the availability of charity care or payment plans.
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Local investors make big bet on senior housingRestricted Content

July 24, 2010
J.K. Wall
With the first baby boomers set to turn 65 in six months, investments in senior housing are heating up. A group of Indianapolis-area professionals—including Mark Waterfill (left) and Tony Schantz—have banded together to launch three senior housing projects around the state, spending $49 million and looking to do more.
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Lilly's second-quarter profits surge 16 percent

July 22, 2010
J.K. Wall
Indianapolis-based drugmaker Eli Lilly and Co. recorded profits of $1.3 billion, or $1.22 per share, during the three months ended June 30, even after paying $27 million in severance to laid off employees.
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Lilly completes $180 million acquisition of Alnara

July 21, 2010
Massachusetts-based Alnara Pharmaceuticals Inc. is a privately held company developing an enzyme-replacement therapy for disorders of the pancreas.
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New rules raise stakes for Lilly drug

July 21, 2010
J.K. Wall
Drugmakers testing experimental Alzheimer’s medicines—including Eli Lilly and Co.—got good news last week when the National Institute on Aging and the Alzheimer’s Association proposed new guidelines to make earlier diagnoses of the disease.
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Hospitals map out ways to bypass insurers

July 17, 2010
J.K. Wall
Clarian Health is launching its own health insurance plan, the boldest of several initiatives at Indianapolis hospitals to bypass health insurers and provide health benefits directly to employers.
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Health care reform means changes for Indiana employersRestricted Content

July 17, 2010
Norm Heikens, Scott Olson, J.K. Wall
Nearly four months after President Barack Obama signed a health reform bill into law, businesses are still grappling with its impact on the health benefits they offer their employees.
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Indiana Medicaid chief: Feds leave states in dark

July 15, 2010
Associated Press
Indiana and other states face a struggle as they grapple with putting the health care changes into place in a relatively short span of time while they also contend with the economic downtown and strained state budgets.
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Lilly reveals plans to cut 340 IT jobs

July 15, 2010
J.K. Wall
The Indianapolis-based drugmaker eliminated 140 information technology jobs in June through retirements, resignations and some cuts. Another 115 cuts will be made this month, and the remainder by the end of the year.
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Lilly's Alzheimer's gamble takes aim at $10 billion in patent losses

July 13, 2010
Bloomberg News
Both of Lilly's late-stage treatments are designed to reduce plaque in the brain called beta amyloid, thought by researchers to be a main contributor to Alzheimer's. A drug that stops or reduces memory loss caused by Alzheimer's may be worth more than $5 billion a year, an analyst says, helping Lilly overcome the coming patent losses on several important pharmaceuticals.
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Lilly to cut 170 manufacturing jobs by year's end

July 12, 2010
J.K. Wall
Eli Lilly and Co. will cut 170 jobs—mostly in Indianapolis—from its manufacturing and quality division by the end of the year as it continues its efforts to slim down before losing revenue from patent expirations on its bestselling drugs.
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  1. John, unfortunately CTRWD wants to put the tank(s) right next to a nature preserve and at the southern entrance to Carmel off of Keystone. Not exactly the kind of message you want to send to residents and visitors (come see our tanks as you enter our city and we build stuff in nature preserves...

  2. 85 feet for an ambitious project? I could shoot ej*culate farther than that.

  3. I tried, can't take it anymore. Untill Katz is replaced I can't listen anymore.

  4. Perhaps, but they've had a very active program to reduce rainwater/sump pump inflows for a number of years. But you are correct that controlling these peak flows will require spending more money - surge tanks, lines or removing storm water inflow at the source.

  5. All sewage goes to the Carmel treatment plant on the White River at 96th St. Rainfall should not affect sewage flows, but somehow it does - and the increased rate is more than the plant can handle a few times each year. One big source is typically homeowners who have their sump pumps connect into the sanitary sewer line rather than to the storm sewer line or yard. So we (Carmel and Clay Twp) need someway to hold the excess flow for a few days until the plant can process this material. Carmel wants the surge tank located at the treatment plant but than means an expensive underground line has to be installed through residential areas while CTRWD wants the surge tank located further 'upstream' from the treatment plant which costs less. Either solution works from an environmental control perspective. The less expensive solution means some people would likely have an unsightly tank near them. Carmel wants the more expensive solution - surprise!

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