Health Care & Life Sciences

Stericycle to expand in Indianapolis

January 14, 2010
 IBJ Staff
Illinois-based medical waste disposal firm Stericycle Inc. will expand its Indianapolis operations, creating as many as 109 jobs by 2011, the Indiana Economic Development Corp. announced Wednesday.
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Report: Insurers secretly funded ads attacking health reform

January 13, 2010
 IBJ Staff
Indianapolis-based WellPoint Inc. reportedly joined fellow health insurance giants to fund TV ads as insurers tempered their support for reform.
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Clarian to restart Riley project, reverse pay cuts

January 13, 2010
J.K. Wall
Clarian Health soon will restart work on a new tower at Riley Hospital for Children near downtown Indianapolis and is set to lift other cost-saving restrictions.
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FDA letters scold Lilly, others over marketing materials

January 13, 2010
Associated Press
The letter to Indianapolis-based Lilly cites a print advertisement for the antidepressant Cymbalta that did not adequately display information about the drug's side effects.
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Roche taps new local CEO

January 12, 2010
J.K. Wall
Roche Diagnostics named a new CEO for its North American operations Tuesday to replace Michael Tillmann, who resigned on Friday.
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Tillmann out as Roche Diagnostics CEO

January 11, 2010
J.K. Wall
The management change comes as the Indianapolis company's diabetes market share has been sliding. Roche says successor will be named "shortly."
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Doctors resume battle with Anthem, health insurersRestricted Content

January 9, 2010
J.K. Wall
Doctors are pushing again to strengthen their hands in contract negotiations with health insurers, especially market leader Anthem Blue Cross and Blue Shield.
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Health care spending slows in most sectors, but government spending increases

January 9, 2010
 IBJ Staff
Health spending is growing slower than it has in 48 years, but whether health care reform will continue the trend is the subject of debate here and around the country.
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Adversity prepared health exec for new role at helm of SynCare

January 9, 2010
J.K. Wall
Stephanie DeKemper believes everything in her adult life has prepared her to run SynCare LLC. She’s so sure that she’s buying the company.
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WellPoint stock surging on positive analyst forecasts

January 7, 2010
 IBJ Staff and Associated Press
The long-term outlook for health care reform is uncertain, but many analysts are expecting big health insurers like Indianapolis-based WellPoint to benefit in 2010.
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Hill-Rom hires new CEO

January 7, 2010
 IBJ Staff
John J. Greisch was most recently president of international operations at Baxter International Inc.
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Witham planning bond sale to acquire Anson site

January 6, 2010
 IBJ Staff
Lebanon-based hospital system also wants to refinance about $21 million in debt on new medical office building.
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FDA cancels meeting to review Lilly's Cymbalta

January 5, 2010
Associated Press
The agency said the meeting was canceled "to allow time for the FDA to review new information" about a proposed new use for the drug.
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Health care software firm RealMed regains momentum

January 2, 2010
Peter Schnitzler
RealMed enjoys a nearly 99-percent renewal rate among its current customers and attracted 4,000 new doctors in 2009. Employment at the company is rising after a steady decline.
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Entrepreneur says quality of venture capital as important as quantity

January 2, 2010
 IBJ Staff
Jim Pearson knows a thing or two about raising money from venture capitalists. And he has some advice for BioCrossroads: Teach entrepreneurs the value of money.
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Grass-roots groups prepare to fill gaps in health care reform

January 2, 2010
J.K. Wall
Legislation set to come out of Washington will not change the most fundamental problems of the health care system, leaving it up to states, cities and companies to figure out what to do about it.
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Indiana nears 1M mark in swine-flu vaccinations

December 31, 2009
Associated Press
So far this year, 35 people have died in Indiana from swine flu.
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St. Francis sues OrthoIndy over new surgery center

December 30, 2009
Peter Schnitzler
Legal complaint alleges new $20 million facility in Greenwood breaches partnership deal struck in 2001.
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Corporations bet on insiders to bend reform

December 30, 2009
J.K. Wall
Indianapolis health care heavyweights are among those spending $635 million, employing 166 former aides to key congressional leaders and committees in health reform process.
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Lilly scurries to get out from under Zyprexa cloud

December 26, 2009
J.K. Wall
Another year of rapid change at Eli Lilly and Co. did little to move the company out from under the cloud cast by its best-selling drug, Zyprexa.
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Health care industry braces for reform

December 26, 2009
J.K. Wall
Congress is on the cusp of transforming health insurance—if it can pass a health reform bill that was losing popularity late in the year.
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First decade of century marked by buyouts and bubbles

December 26, 2009
J.K. Wall
The decade witnessed a massive terrorist attack, two wars, and a building-and-buyout boom fueled by easy credit.
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To keep sales force busy, Lilly takes on new drug

December 24, 2009
J.K. Wall
Eli Lilly and Co. has bought the rights to co-market a new cholesterol-fighting drug in the U.S., giving it a third heart drug for sales personnel to push.
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Investors cheer Senate bill while WellPoint cries foul

December 23, 2009
J.K. Wall
Exemption for not-for-profit health plans could saddle WellPoint with nearly $2 billion a year in new taxes.
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Conseco raises nearly $223 million in stock offering

December 22, 2009
 IBJ Staff
The Carmel-based life and health insurer immediately applied $161 million of the funds to its bank loans.
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  1. By Mr. Lee's own admission, he basically ran pro-bono ads on the billboard. Paying advertisers didn't want ads on a controversial, ugly billboard that turned off customers. At least one of Mr. Lee's free advertisers dropped out early because they found that Mr. Lee's advertising was having negative impact. So Mr. Lee is disingenous to say the city now owes him for lost revenue. Mr. Lee quickly realized his monstrosity had a dim future and is trying to get the city to bail him out. And that's why the billboard came down so quickly.

  2. Merchants Square is back. The small strip center to the south of 116th is 100% leased, McAlister’s is doing well in the outlot building. The former O’Charleys is leased but is going through permitting with the State and the town of Carmel. Mac Grill is closing all of their Indy locations (not just Merchants) and this will allow for a new restaurant concept to backfill both of their locations. As for the north side of 116th a new dinner movie theater and brewery is under construction to fill most of the vacancy left by Hobby Lobby and Old Navy.

  3. Yes it does have an ethics commission which enforce the law which prohibits 12 specific items. google it

  4. Thanks for reading and replying. If you want to see the differentiation for research, speaking and consulting, check out the spreadsheet I linked to at the bottom of the post; it is broken out exactly that way. I can only include so much detail in a blog post before it becomes something other than a blog post.

  5. 1. There is no allegation of corruption, Marty, to imply otherwise if false. 2. Is the "State Rule" a law? I suspect not. 3. Is Mr. Woodruff obligated via an employment agreement (contractual obligation) to not work with the engineering firm? 4. In many states a right to earn a living will trump non-competes and other contractual obligations, does Mr. Woodruff's personal right to earn a living trump any contractual obligations that might or might not be out there. 5. Lawyers in state government routinely go work for law firms they were formally working with in their regulatory actions. You can see a steady stream to firms like B&D from state government. It would be interesting for IBJ to do a review of current lawyers and find out how their past decisions affected the law firms clients. Since there is a buffer between regulated company and the regulator working for a law firm technically is not in violation of ethics but you have to wonder if decisions were made in favor of certain firms and quid pro quo jobs resulted. Start with the DOI in this review. Very interesting.

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