Health Care & Life Sciences

Cancer researcher battling Semafore in courtRestricted Content

May 29, 2010
Chris O'Malley
Former collaborator alleges firm breached its agreement with him and refused to pay royalty income.
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Lilly grows Alimta's sales by shrinking marketRestricted Content

May 29, 2010
J.K. Wall
In 2008, Eli Lilly and Co. asked drug regulators to change the label on Alimta so Lilly could no longer promote it as a treatment for all patients suffering from non-small-cell lung cancer, but for only about 70 percent of the patients. Since then, sales of the drug have accelerated, growing a whopping 48 percent last year.
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Positron has billion-dollar hopes for medical-imaging scanner

May 29, 2010
J.K. Wall
A maker of medical imaging equipment that recently moved its headquarters to Fishers has grand plans to reach $1 billion in sales and build a multimillion-dollar cyclotron facility in five years. But history shows Positron Corp. has been far better at losing money than making it.
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Biopharma fueling boom in refrigerated warehousing

May 29, 2010
Chris O'Malley
In the past few years, a handful of cold storage facilities have sprouted locally by playing to Indianapolis' strengths in warehousing and life sciences.
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Indianapolis startup attacks Alzheimer's diseaseRestricted Content

May 29, 2010
Norm Heikens
AgeneBio Inc. this month landed a $300,000 investment from the Indiana Seed Fund to fund operations, bolster its intellectual property, and begin learning how to make a drug into a once-a-day pill.
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WellPoint pledges two-day hospital stays after mastectomy

May 26, 2010
J.K. Wall
In the company's latest response to withering criticism of its breast-cancer policies, WellPoint Inc. said it will pay for any breast cancer patient to stay two days in a hospital after surgery.
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Effective stats are new hurdle for U.S. drugmakers

May 26, 2010
J.K. Wall
WellPoint Inc.'s announcement of comparative effectiveness research guidelines last week marks a new era for U.S. drugmakers. The Indianapolis-based health insurer will use studies that compare the effectiveness of one drug against another as a complement to typical clinical trial research that compares a drug against a placebo sugar pill.
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Summit to counsel cities on reform

May 26, 2010
J.K. Wall
Now that health reform is law, a local not-for-profit group, Better Healthcare for Indiana, wants to help Indiana community leaders use the law to slow runaway medical spending while improving the health of their citizens.
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Q&A: Don Stumpp

May 26, 2010
J.K. Wall
Don Stumpp, manager of payer contracting at Indianapolis-based physician group American Health Network and president of the Indiana Medical Group Management Association, discussed the impact of the health care reform law on primary care physicians as well as the near-constant threat of a sharp cut in Medicare reimbursement.
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Eli Lilly invests in $250M Australian venture fund

May 20, 2010
 IBJ Staff and Bloomberg News
The unnamed venture fund will be based in Brisbane, and will focus on biotechnology investments in Australia and southeastern Asia.
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Health care suppliers need to think long term, expert says

May 20, 2010
Chris O'Malley
Companies in the health care supply chain need to engage in more strategic, long-term preparation even as the industry faces uncertainties and upheaval, MIT expert tells local conference attendees.
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UPDATE: Arcadia confirms major growth plans

May 20, 2010
 IBJ Staff
Arcadia Resources Inc. is planning a $3.9 million expansion of its Indianapolis headquarters and pharmacy operations, the company said Thursday morning, confirming that it plans to add as many as 930 jobs by 2013.
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Drug-spending increase highest in four years

May 20, 2010
Bloomberg News
The price increase was fueled by the debate over the health-care overhaul in Washington, D.C., Medco Health Solutions Inc. CEO David Snow said.
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Arcadia Resources says it will add 930 jobs

May 19, 2010
Scott Olson
Executives of the health care services provider will be joined by Gov. Mitch Daniels and Mayor Greg Ballard for a Thursday morning announcement at the company's headquarters.
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Evans: Health care real estate is evolving

May 19, 2010
J.K. Wall
If Clarian Health CEO Dan Evans were investing in health care real estate, he’d make bets in three new things: smaller, denser clinics with lots of computer equipment to do telemedicine; medical office buildings populated by physician assistants; and nursing homes with a strong relationship with a hospital.
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ER doc is affable WellPoint activist

May 19, 2010
J.K. Wall
Dr. Rob Stone wants the giant health insurer to convert to not-for-profit status and put him, an advocate of national health insurance, on the company's board.
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Bioanalytical Systems reports loss in second quarter

May 17, 2010
 IBJ Staff
Bioanalytical Systems Inc. narrowed its losses in the second fiscal quarter despite a 2 percent drop in revenue, the West Lafayette-based contract research firm said late last week.
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Renamed Conseco OK with less-flashy futureRestricted Content

May 15, 2010
J.K. Wall
CNO Financial Group Inc., known as Conseco Inc. until May 11, has become almost the polar opposite of what it was under flashy co-founder Steve Hilbert. Instead of high-octane growth driven by merger deals, CNO Financial has returned to profitability by selling low-dollar products and emphasizing low-cost operations.
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IU lands $8.5 million grant to renovate Riley hospital

May 14, 2010
Gift will be used for a pediatric research facility to better identify how genetic and environmental factors contribute to diseases in children.
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Bioanalytical Systems names new chief executive

May 14, 2010
 IBJ Staff
West Lafayette-based Bioanalytical Systems Inc. has promoted Anthony S. Chilton to CEO following the retirement of top executive Richard M. Shepperd earlier this year.
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Lilly, others cut U.S. tax bills through transfer pricing

May 14, 2010
Bloomberg News
U.S. companies, including Eli Lilly, amassed at least $1 trillion in foreign profits not taxed in the U.S. as of the end of last year. That cumulative total increased 70 percent over three years.
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Study: Quality, costs better at big practices

May 12, 2010
J.K. Wall
As physician mergers increase in Indianapolis, a new study has determined that quality at large, multispecialty practices is at least 5 percent higher and costs are 3.6 percent lower than at small group practices.
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Lilly still waiting on once-weekly Byetta

May 12, 2010
J.K. Wall
The U.S. Food and Drug Administration last week pushed its self-declared deadline for rendering an approval decision on the drug Bydureon to Oct. 22. The previous deadline was in March.
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Q&A

May 12, 2010
J.K. Wall
Joe Guzman is a co-founder of Indianapolis-based Ascend USA, the new trade adopted after Guzman merged his benefits brokerage, Benefits Strategies Inc., with benefits business Steven Goodin. The eight-person firm expects to hire as many 15 new employees in the next year. Those workers will help Ascend diversify from health benefits into brokering commercial insurance products.
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Shareholders overwhelmingly OK Conseco name change

May 11, 2010
J.K. Wall
Carmel-based life and health insurer is now CNO Financial Group Inc. to reflect what company officers call a "transformation" of the once-troubled firm.
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