Health Care & Life Sciences

Vortek Surgical moving HQ to Brownsburg, adding 60 jobs

February 18, 2010
 IBJ Staff
Indianapolis-based Vortek Surgical LLC will relocate to Brownsburg, expanding its headquarters, manufacturing and distribution operations and creating more than 60 jobs in the next three years.
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WellPoint rate hikes spark protest in Indianapolis

February 18, 2010
J.K. Wall
Congressman Andre Carson will make remarks Thursday during a public chastising of Indianapolis-based health insurer for 21-percent rate hike on individuals.
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WellPoint, insurance commissioner get earful from lawmakers

February 17, 2010
J.K. Wall
State House insurance committee chair grills executives about WellPoint's 21-percent premium increase for individual policyholders in Indiana.
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Indiana part of national medical school surge

February 17, 2010
J.K. Wall
Marian University's planned medical school is one of two dozen nationally, but budget cuts are forcing Indiana University to retreat on enrollment expansion.
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WellPoint hits bottom with customers

February 17, 2010
J.K. Wall
Even before WellPoint dissatisfied President Obama over its rate increases in California, it wasn't doing so hot satisfying its actual customers, according to the American Customer Satisfaction Index.
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Q&A: Dr. John Fitzgerald

February 17, 2010
J.K. Wall
The Indiana Clinic, launched about a year ago, has signed 412 physicians as employees, and is still working toward a goal of as many as 1,500 by 2011. The clinic, a joint venture of Clarian Health and the Indiana University School of Medicine, is headed by Dr. John Fitzgerald. He discussed the progress.
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State lawmakers to probe WellPoint premium hikes

February 17, 2010
J.K. Wall
Three WellPoint executives will be on hand Wednesday morning to answer questions about premium increases on its individual policies, which have risen as high as 39 percent this year.
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Pfizer's Viagra patent partially rejected in Lilly fight

February 16, 2010
Bloomberg News
The patent on impotence drug Viagra was partially rejected after the U.S. Patent and Trademark Office said it wasn't different enough from a Chinese herb known as Horny Goat Weed. The patent was key to an infringement suit Pfizer filed in 2002 against Eli Lilly and Co. over its rival Cialis drug.
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Purdue to get $12M to help small health providers

February 16, 2010
 IBJ Staff
Stimulus funds will help university's technical assistance service show doctors and nurses in small groups and in medically under-served areas how to adopt medical-records technologies.
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WellPoint delays investor meeting to testify on rate flap

February 16, 2010
Bloomberg News
The Indianapolis-based insurer, preparing for Congressional testimony on proposed premium increases in California, says its earnings forecast is now less clear.
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Clarian, IU plan $100 million neurosciences center

February 13, 2010
J.K. Wall
Clarian Health and the Indiana University School of Medicine want their planned neurosciences hub to become a destination for patients suffering from brain, nerve and mental maladies—and for the government and industry research dollars that can fuel advances in care.
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Startup VoCare Inc. might move to find venture capital dollars

February 13, 2010
 IBJ Staff
A Lebanon-based startup wants to build a call center here and add up to 300 jobs, but state and local officials are struggling with a big obstacle to keeping the company here.
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Wishard parent 'ecstatic' about cheap debt - so far

February 13, 2010
 IBJ Staff
The Health & Hospital Corporation of Marion County got good news in its first round of borrowing to finance a new Wishard Hospital: so far, it is paying less than planned.
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PTS sues Roche Diagnostic to end blood-monitor royalties

February 13, 2010
J.K. Wall
Polymer Technology Systems Inc., a small Indianapolis-based maker of handheld blood monitors, has gone to court to fight a competitor more than 100 times its size: Roche Diagnostics Corp.
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Could WellPoint woes breathe life into health reform?

February 12, 2010
J.K. Wall
The firestorm created this week by Indianapolis-based health insurer WellPoint's spike in premiums could resurrect some parts of the languishing health reform bills.
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Report: State's pharmaceutical contractors continue to grow

February 10, 2010
A report set to be released Wednesday by local life sciences industry group BioCrossroads says Indiana companies providing contract pharmaceutical research and manufacturing services are weathering the economic downturn and are growing.
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Wishard construction project enjoying cheap debt

February 10, 2010
J.K. Wall
The Health & Hospital Corp. of Marion County got good news in its first round of borrowing to finance a new Wishard hospital: The cost is less than expected.
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Lebanon startup driving hard deal

February 10, 2010
J.K. Wall
VoCare Inc. wants $4 million in cash and tax incentives to open headquarters and call center it says could employ 300 people.
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Owners, developers see silver lining in health care real estate

February 9, 2010
Tom Harton
Health care real estate has survived the nation’s weak economy better than most sectors, and some owners and developers think it’s positioned to thrive.
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WellPoint CFO says insurance 'mega-mergers' unlikely

February 9, 2010
Bloomberg News
WellPoint Inc. chief financial officer Wayne DeVeydt said President Obama's Federal Trade Commission is unlikely to approve mergers among the biggest insurers.
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Lilly awards pay increases to top executives

February 8, 2010
Peter Schnitzler, J.K. Wall
Eli Lilly and Co. CEO John Lechleiter's total compensation increased $4.1 million in 2009.
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Cardinal Health laying off 49 at local warehouse

February 8, 2010
 IBJ Staff
Cardinal Health notified the state on Feb. 3 that it laid off 37 workers at the end of January and plans to lay off 12 more effective April 3.
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WellPoint: More employers involved in provider talksRestricted Content

February 6, 2010
J.K. Wall
Employer activism is on the rise when it comes to keeping hospitals honest in their negotiations with health insurers. Executives at Indianapolis-based WellPoint say more employers are airing their displeasure when hospital systems ask for double-digit reimbursement increases.
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Health care venture capital swoons in Indy, holds steady statewide

February 6, 2010
 IBJ Staff
The uncertainty of health care reform and a bad economy curtailed venture capital flow in 2009.
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Mississippi settles Zyprexa suit against Lilly for over $18M

February 4, 2010
Associated Press
Mississippi will receive $18.5 million from Indianapolis-based drugmaker Eli Lilly and Co. as part of a settlement over claims the company promoted the anti-psychotic Zyprexa for ailments it was not federally approved to treat.
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