Health Care & Life Sciences

Health firms still attracting venture capital

February 3, 2010
J.K. Wall
The uncertainty of health care reform and a bad economy curtailed venture capital flow in 2009. That trend hit Indianapolis, but the rest of the state actually saw an increase.
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Q&A: Dr. Kristine Courtney

February 3, 2010
J.K. Wall
Dr. Kristine Courtney, Eli Lilly and Co.’s senior director of corporate health services, describes how and why the company spent two years making its clinics some of the first to electronically swap patient records with a local hospital database.
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Dow AgroSciences profit falls despite revenue increase

February 2, 2010
 IBJ Staff
Indianapolis-based Dow AgroSciences said Tuesday it posted a profit of $69 million in the fourth quarter, down 19 percent from the prior year because of increased research and development spending and higher administrative expenses. Revenue was up 17 percent.
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Enzon Pharmaceuticals sells Indy drug plant; 100 local jobs safe

February 1, 2010
New Jersey-based Enzon Pharmaceuticals Inc. has sold its Indianapolis plant that manufactures specialty drugs in a deal that could top $300 million. The buyer says that the operations, which employ about 100, will remain in the city.
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St. Vincent to buy Care Group, city's largest cardiology practice

January 30, 2010
J.K. Wall
St. Vincent Health is near an agreement to take over The Care Group LLC, the city's largest independent physician practice and largest cardiology group in the nation.
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Federal rule tied to electronic medical records panned

January 30, 2010
J.K. Wall
The government has erected a high fence around a pot of $27 billion available to doctors and hospitals that successfully computerize their patient records by next year, sparking complaints.
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City of Greenwood might fund launch of insulin makerRestricted Content

January 30, 2010
Kathleen McLaughlin
Greenwood-based Zimmerman Biotechnologies LLC hopes to become the first company in the United States to make generic insulin, a long-awaited development in diabetes treatment. The Greenwood Common Council on Feb. 1 will consider an $8.4 million deal that would finance construction of an insulin factory, as well as help Zimmerman with FDA-approval and equipment expenses.
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Health care reform will go on regardless of federal government

January 30, 2010
 IBJ Staff
Massachusetts’ election of a Republican senator has put health reform legislation on life support. But for the health care industry, reform is a reality that isn’t going to die.
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Lilly's profits fall, miss analyst expectations

January 28, 2010
J.K. Wall
The Indianapolis-based drugmaker says a weaker dollar depressed earnings in the fourth quarter compared with a year ago.
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Express Scripts to add 182 pharmacy jobs by 2012

January 27, 2010
 IBJ Staff
Drug distribution firm that acquired former WellPoint subsidiary plans to consolidate specialty pharmacy work at local airport facility.
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Health care reform dead; long live reform

January 27, 2010
J.K. Wall
Massachusetts’ election of a Republican senator has put health reform legislation on life support. But for the health care industry, reform is a reality that isn’t going to die.
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Lilly looks to autoimmune drugs

January 27, 2010
J.K. Wall
Two local researchers show why Eli Lilly and Co. and its peers are interested in developing medicines to treat automimmune diseases: The costs of treating them are growing twice as fast as the prescription drug market.
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Two companies set to make major local expansions

January 27, 2010
Express Scripts Inc. on the west side of Indianapolis and Zipp Speed Weaponry in Speedway are scheduled Wednesday afternoon to announce the creation of hundreds of new jobs.
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WellPoint beats expectations, lowers '10 profit forecast

January 27, 2010
J.K. Wall
The Indianapolis-based health insurer earned $6.09 per share in 2009, excluding extraordinary items; it expects a $6-per-share profit in 2010.
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Lilly shares get boost from OK of rival's drug

January 26, 2010
 IBJ Staff and Bloomberg News
Shares of Lilly and partner Amylin rose on hopes that their new version of Byetta will be approved following U.S. regulators' clearance of a similar drug.
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Indianapolis hospitals extending reach statewide

January 23, 2010
J.K. Wall
St. Vincent Health's agreement to lease the county hospital in Salem for five years is the latest in a string of deals by Indianapolis hospital systems seeking a statewide presence.
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Indiana GOP wants to block federal health reform mandates

January 23, 2010
 IBJ Staff
Republicans in the Legislature have joined their counterparts in 25 other states in trying to prevent key aspects of reform from taking effect in Indiana.
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Senate bill would snuff out Indiana's smoking-cessation agency

January 22, 2010
Peter Schnitzler
Anti-tobacco advocates worry cost-cutting move could seriously diminish state's efforts to curb Hoosier tobacco use.
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State Republicans try to block health reform mandates

January 20, 2010
J.K. Wall
Joint resolutions in the state Legislature seek to amend the state constitution to block enforcement of provisions in the federal bills that would require individuals to buy insurance and all but the smallest employers to help pay for it.
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Wall Street likes wobble on health reform

January 20, 2010
J.K. Wall
With the stunning victory of Republican Scott Brown in the Massachusetts election for U.S. Senate, Wall Street analysts expect to see a "run" on health care stocks.
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Health care Q&A: Greg Pemberton

January 20, 2010
J.K. Wall
Greg Pemberton, a health care attorney at Ice Miller LLP, discussed the biggest changes he expects to come out of the federal health reform bills. “It’s not going to be business as usual,” he said.
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Medical imaging supplier moves to Indianapolis

January 19, 2010
Scott Olson
Associated X-Ray Services relocates headquarters from South Bend to Indianapolis and also announces the company has changed its name to AXS Imaging.
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Orbis Education lands $8 million in venture capital

January 19, 2010
Peter Schnitzler
The locally based maker of nursing-education software will use the infusion to accelerate growth.
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Biotech firm plans $28M Greenwood plant

January 19, 2010
Greenwood pharmaceutical firm Elona Biotechnologies plans to build a $28 million production facility and create 70 jobs to help develop a cheaper form of insulin that could gain significant market share.
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United Hospital Services laundry co-op considers statewide expansion

January 16, 2010
Scott Olson
The massive far-east-side facility already launders linen for 30 hospitals and 400 clinics in Indiana, handling more than 36 million pounds of soiled linen each year.
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