Health Care & Life Sciences

Lilly hopes Elanco unit becomes a cash cow

May 8, 2010
J.K. Wall
Elanco Animal Health chief Jeff Simmons predicts that consumers will opt for food made cheaper by using Elanco's productivity-enhancing drugs over pricier organic and locally grown products. But, as a hedge, he has Elanco developing products to help organic farmers, too.
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Indiana's growth in life sciences jobs beats national average

May 8, 2010
 IBJ Staff
Bloomington led the nation as the No. 1 small city in medical devices and equipment.
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Latest Lilly job cuts target marketing employees

May 7, 2010
J.K. Wall
Indianapolis-based drugmaker Eli Lilly and Co. is on course to cut 5,500 jobs by the end of 2011 in a bid to eliminate $1 billion in annual expenses.
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Masonic Home plans $8M assisted-living center in Franklin

May 6, 2010
Groundbreaking will be held May 16 to mark start of construction on center to be built on 300-acre campus.
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Marketing experts: Clarian will get boost from IU name

May 5, 2010
J.K. Wall
The Indianapolis-based hospital system, which has 16 hospitals as far afield as LaPorte, Hartford City and Paoli, can now associate with all its facilities the name of the school that trains the majority of doctors and nurses throughout the state.
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Lilly sues to block copy of Evista osteoporosis drug

May 5, 2010
Bloomberg News
Watson Pharmaceuticals filed for FDA approval to sell a low-cost version of Eli Lilly and Co.'s osteoporosis medicine. Indianapolis-based Lilly is seeking a court order that would block approval until three of its patents expire in 2017.
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New federal funds come with big goals

May 5, 2010
J.K. Wall
Indiana has now received nearly $50 million in federal bucks to digitize health care around the state. But the latest grant—$16 million to the Indiana Health Information Exchange—comes with specific, ambitious goals for health care providers.
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Clarian hospital system to adopt IU name

May 5, 2010
J.K. Wall
Clarian will become Indiana University Health early next year in a bet the IU brand carries more punch statewide and nationally.
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Central Indiana gets $16M in health IT stimulus

May 4, 2010
 IBJ Staff and Bloomberg News
The central Indiana area has been selected as one of 15 communities that will share in $220 million worth of grants for pilot projects to test health-care information technology.
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Startup sees big potential for 'ouchless' medical testsRestricted Content

May 1, 2010
J.K. Wall
Companion Diagnostics wants to detect early warning signs of chronic diseases.
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Closing of Purdue's Chao Center is setback for BioCrossroads

May 1, 2010
J.K. Wall
The university is hoping to find a private company to take over the 5-year-old facility, which formulated and manufactured small batches of drugs used in clinical trials.
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Wishard Foundation appoints new leader

April 30, 2010
Ernest Vargo II's Vargo's top priority will be guiding the foundation's $50 million capital campaign for the construction of the new, $754 million Wishard Hospital.
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Anthem Blue Cross withdraws big California rate hike

April 29, 2010
Associated Press
Anthem Blue Cross withdrew plans to raise health insurance rates for Californians by as much as 39 percent after an independent audit determined the company's justification for raising premiums was based on flawed data.
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Medco Health profits climb as it adds big clients

April 28, 2010
 IBJ Staff and Associated Press
Medco, which operates a major pharmacy and distribution center in Whitestown, got a boost from higher prices on brand-name drugs and from greater sales of more profitable generic drugs.
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Chao exit hurts drug development industry

April 28, 2010
J.K. Wall
Purdue University’s decision to close the Chao Center in West Lafayette is a setback for Indiana’s effort to grow a vibrant contract drug manufacturing sector. But it’s just the latest in a series of unexpected changes—not all for the worse—since Indianapolis-based BioCrossroads launched a contract drug manufacturing initiative in late 2007.
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Reform to accelerate health care costs

April 28, 2010
J.K. Wall
Medicare actuary Richard Foster estimated the new law would raise overall health care spending by an additional $311 million over current law—more than when he first examined the legislation in December.
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WellPoint profits rise, beat analysts' expectations

April 28, 2010
J.K. Wall
The Indianapolis-based health insurer was helped in first quarter by a mild flu season, but it now expects to lose nearly 700,000 customers by year end.
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WellPoint to adhere to new rescission rules early

April 27, 2010
J.K. Wall
The Indianapolis-based health insurer announced Tuesday afternoon it will be the first company to adopt stricter standards on canceling policies, which are contained in the health reform bill passed in March.
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Judge rejects Guidant's defibrillator plea deal

April 27, 2010
Bloomberg News
A federal judge has rejected Guidant Corp.'s guilty plea to charges it hid defects in heart defibrillators, after some doctors and patients complained about the $296 million deal.
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WellPoint gets lashing from Sebelius, again

April 26, 2010
J.K. Wall
Indianapolis-based health insurer trades jabs with U.S. health secretary after Reuters story claims insurer deliberately cancels coverage for breast cancer patients.
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Medicare Advantage may survive cuts under health reform

April 26, 2010
 IBJ Staff and Bloomberg News
The two largest U.S. health insurance companies, UnitedHealth, based in Minnetonka, Minn., and WellPoint Inc., based in Indianapolis, sell Advantage plans.
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Medical device startup FlowCo enlists Guidant alums

April 24, 2010
Chris O'Malley
The upstart developer of a device to help doctors choose the right-sized stent to prop open clog-prone arteries has brought aboard former Guidant Corp. executives, including Bill McConnell. Their regulatory and marketing expertise could help FlowCo Inc. bring its artery-measurement product to market as soon as 2011.
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Clarian hospital system regains its appetite to buildRestricted Content

April 24, 2010
J.K. Wall
Clarian is planning to spend $1.7 billion in the next five years on capital projects, half of that going to its downtown Indianapolis campuses.
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New helicopters coming for Indiana medical flights

April 23, 2010
Associated Press
Clarian Health officials on Thursday plan to buy four helicopters as it replaces aircraft in its aging patient-transport fleet.
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Harlan Labs names new CEO

April 23, 2010
 IBJ Staff
The Indianapolis-based provider of clinical research animals has promoted senior manager Hans Thunem to its top spot.
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  1. These liberals are out of control. They want to drive our economy into the ground and double and triple our electric bills. Sierra Club, stay out of Indy!

  2. These activist liberal judges have gotten out of control. Thankfully we have a sensible supreme court that overturns their absurd rulings!

  3. Maybe they shouldn't be throwing money at the IRL or whatever they call it now. Probably should save that money for actual operations.

  4. For you central Indiana folks that don't know what a good pizza is, Aurelio's will take care of that. There are some good pizza places in central Indiana but nothing like this!!!

  5. I am troubled with this whole string of comments as I am not sure anyone pointed out that many of the "high paying" positions have been eliminated identified by asterisks as of fiscal year 2012. That indicates to me that the hospitals are making responsible yet difficult decisions and eliminating heavy paying positions. To make this more problematic, we have created a society of "entitlement" where individuals believe they should receive free services at no cost to them. I have yet to get a house repair done at no cost nor have I taken my car that is out of warranty for repair for free repair expecting the government to pay for it even though it is the second largest investment one makes in their life besides purchasing a home. Yet, we continue to hear verbal and aggressive abuse from the consumer who expects free services and have to reward them as a result of HCAHPS surveys which we have no influence over as it is 3rd party required by CMS. Peel the onion and get to the root of the problem...you will find that society has created the problem and our current political landscape and not the people who were fortunate to lead healthcare in the right direction before becoming distorted. As a side note, I had a friend sit in an ED in Canada for nearly two days prior to being evaluated and then finally...3 months later got a CT of the head. You pay for what you get...

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