Health Care & Life Sciences

Recession hammered revenue of Indiana's largest public companies

June 19, 2010
Marc D. Allan
Few escaped the Great Recession unscathed, and unusual circumstances helped some appear as though they did.
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Slow economy bruises profits of Indiana's largest public companiesRestricted Content

June 19, 2010
Marc D. Allan
One-time events influenced bottom lines of some of the few companies that made more money in 2009.
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Indiana's biggest private companies majored in the basics in 2009Restricted Content

June 19, 2010
Martha P. Allan
Health care, plastics, other fundamental consumer needs kept some companies on upswings.
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Some Indiana entrepreneurs hit the gas pedal in tough timesRestricted Content

June 19, 2010
Marc D. Allan, Martha P. Allan
What recession? Some firms are enjoying explosive growth.
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Braly's political skirmishes hurting insurer, critics say

June 19, 2010
J.K. Wall
When WellPoint Inc. named Angela Braly its CEO three years ago, it touted her experience dealing with politicians and government regulators. But WellPoint is now the poster child for health insurer bad behavior—credited in Washington with reviving a dead health reform bill the company opposed.
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Lilly, Amylin stock rises on drug postponement

June 18, 2010
 IBJ Staff and Bloomberg News
Roche Holding AG's decision to postpone its experimental diabetes drug is helping boost shares in Amylin Pharmaceuticals Inc. and drug partner Eli Lilly and Co.
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Advocates decry cuts to Indiana home health program

June 17, 2010
Associated Press
The Indiana Family and Social Services told Area Agencies on Aging that a 15-percent cut in funding for the program known as CHOICE will save about $7.3 million from the program's $48.8 million annual budget.
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WellPoint CFO says feds may phase in medical-spending rule

June 16, 2010
Bloomberg News
U.S. regulators may phase in requirements on how much health insurers spend on medical care to avoid pushing plans out of the market for people who buy their own coverage, WellPoint Inc.'s chief financial officer said Wednesday.
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LEADING QUESTIONS: Clarian CEO on daily rounds

June 16, 2010
Mason King
Evans
                           Watch VideoDan Evans, president and CEO of Clarian Health, details his cure for losing sight of day-to-day operations, how he gauges his effectiveness, and two bits of crucial advice.
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Indiana moves up in med tech rankings

June 16, 2010
J.K. Wall
Medical technology companies employed 19,950 Hoosiers in 2007 and supported another 35,000 jobs in supplier companies, according to an analysis funded by an industry trade group.
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Indy firm launches bedsore weapon

June 16, 2010
J.K. Wall
The latest idea from Dr. James Spahn, an Indianapolis health care entrepreneur, should help hospitals and nursing homes do a better job of preventing severe bedsores, or pressure ulcers. That’s good, because Medicare and private health insurers increasingly won’t pay to treat them.
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Fairbanks Foundation gives $20M to IUPUI public health school

June 15, 2010
 IBJ Staff
The Indianapolis-based Richard M. Fairbanks Foundation is contributing $20 million to support IUPUI’s effort to open a school of public health.
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Research reforms will force Lilly, others to test how drugs stack upRestricted Content

June 12, 2010
J.K. Wall
The federal government is currently doling out $1.1 billion in stimulus funds to pay for research that compares multiple medical treatments against one another to determine which is most effective. Drug companies like Eli Lilly and Co. are wary that comparative-effectiveness research could threaten their sales.
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Arcadia sees smaller quarterly, fiscal-year losses

June 11, 2010
Scott Olson
Despite losses, company sees growth in its DailyMed pharmacy services, which packages the right dosages of prescriptions to make it easier for patients to follow their regimens.
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Avon gives senior-living facility tax abatement

June 9, 2010
 IBJ Staff
Leo Brown LLC's 20-acre, $36 million senior-living community is expected to create 132 jobs with an average salary of $37,000 when it is completed in 2011.
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Study: Online doc ratings mostly positive

June 9, 2010
J.K. Wall
Angie’s List physician rating service has been controversial since it started in 2008. But an academic journal article is now telling the docs to relax. Nearly 90 percent of patient comments on sites like Angie’s List are positive.
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Lilly taps O'Connor as state lobbyist

June 9, 2010
J.K. Wall
O’Connor, chief deputy mayor under former Indianapolis Mayor Bart Peterson, started Monday as Lilly's director of state government affairs—working again under Peterson.
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Obama gives states $250 million to review insurance premiums

June 7, 2010
WellPoint may face the most threat from more aggressive reviews. The Indianapolis insurer is the leader in small-business and individual policies, areas that have seen the biggest increases in recent years.
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55 employees of mail-order MHP Pharmacy firm losing jobs

June 7, 2010
Indianapolis-based MHP Pharmacy's facility on North Meridian Street will close in August as a result of the company's purchase by In Touch Pharmaceuticals in Valparaiso.
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Erbitux fails to stop colon cancer before it spreads

June 6, 2010
Bloomberg News
Eli Lilly and Co. and Merck KGaA drug failed to slow tumors in a study designed to expand the medicine's use to patients whose disease is in an earlier stage.
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Indiana Seed Fund nearing end of $6 million stashRestricted Content

June 5, 2010
Chris O'Malley
Having invested in 10 companies since 2005 and with its $6 million pot of money running low, the Indiana Seed Fund is nearing a crossroads.
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OrthoWorx initiative names executive director

June 3, 2010
 IBJ Staff
Not-for-profit launched last year by BioCrossroads and Indiana's orthopedic companies names Zimmer Inc. executive Brad Bishop to lead the initiative.
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SynCare withdraws abatement request

June 2, 2010
 IBJ Staff
Locally based SynCare LLC has withdrawn a request for a property tax abatement tied to the creation of 114 jobs. SynCare owner Stephanie DeKemper said she pulled the request to ensure the employment projections are accurate.
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St. Vincent closes in on new hospital deal

June 2, 2010
J.K. Wall

A deal in which St. Vincent Health would buy or lease Bedford’s Dunn Memorial Hospital is in the final stages, according to the Times-Mail of Bedford. The hospital board held two hours of closed-door talks on May 26, and one board member predicted a decision within days.

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Expert: Reform can improve communities

June 2, 2010
J.K. Wall

The much-maligned health care bill provides a huge opportunity for local communities to improve the health of their citizens and for local health care providers to win bonus payments from federal health insurance programs. That's the message Len Nichols, a Beltway veteran and health policy expert, will bring to attendees at the All Healthcare is Local conference today.

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