Health Care & Life Sciences

Lilly wins tentative approval for diabetes drug

August 20, 2014
 IBJ Staff
Final approval could be delayed until mid-2016 due to a claim of patent infringement by drugmaker Sanofi.
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Cardinal Health unit seeks tax breaks for local drug facility

August 18, 2014
 IBJ Staff
A subsidiary of Dublin, Ohio-based Cardinal Health Inc. is seeking tax breaks from the city of Indianapolis to help it open a $14.4 million local drug-production facility that would employ 85 workers by 2017.
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EMS company to end most Indiana services

August 18, 2014
Associated Press
Rural/Metro Corp. is going to stop serving more than 30 communities in Indiana. Martinsville Mayor Phil Deckard said the company will end service within 60 days.
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Lilly among those eyeing antibiotic maker Cubist, analyst says

August 18, 2014
Bloomberg News
The rising threat from drug-resistant germs and increasing calls from global health groups for more potent antibiotics is placing a premium on companies such as Cubist. The $4.8 billion drug developer is preparing to introduce four new medicines by 2020.
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Rebates shrink as Anthem gets better at pricing

August 18, 2014
J.K. Wall
Hoosiers are receiving $11.9 million in rebates this year from health insurers that used less than 80 percent of their 2013 premiums for medical bills last year. That’s down from $22.6 million handed out last year.
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Eli Lilly making renewed push in biotech field, where it once pioneered

August 16, 2014
J.K. Wall
Lilly expects to soon announce late-stage clinical trial results for two biotech drugs designed to slow the inflammation caused by autoimmune diseases. By the end of the year, it will announce results for a third.
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Eli Lilly to close Terre Haute animal enzyme plant

August 14, 2014
Associated Press
The plant closure will affect 23 plant employees, all of whom will be offered comparable positions at a Lilly plant near Clinton that employs about 500 workers.
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Mainstreet's Turner to sell REIT in $2.3B deal

August 13, 2014
Bloomberg News, J.K. Wall
HealthLease Properties REIT, which is led by Mainstreet Property's Zeke Turner, will be sold to Ohio-based Health Care REIT Inc., along with 17 projects Mainstreet has under construction. The deal includes 45 future projects.
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Indiana challenge to Obamacare tax-credit rule can go forward

August 12, 2014
Bloomberg News
U.S. District Judge William T. Lawrence in Indianapolis on Tuesday denied an IRS bid to dismiss that portion of the state’s 2013 lawsuit, in which it claimed the rule illegally conflicts with a provision of the federal law.
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WellPoint to change corporate name back to Anthem

August 12, 2014
 Bloomberg News and IBJ Staff, Associated Press
The name change will be completed by the end of the year, pending shareholder approval, the company said Tuesday.
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Struggling hospital finds buyer, enters bankruptcy protection

August 12, 2014
 Bloomberg News and IBJ Staff
Bloomington’s Monroe Hospital, which has had a close relationship with Indianapolis-based St. Vincent Health, filed for bankruptcy reorganization on Friday and plans to sell its business to a Canadian operator.
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Cuts, price hikes fuel IU Health's quarterly profit

August 11, 2014
J.K. Wall
The decline in patient visits slowed a bit for Indiana University Health in the second quarter, allowing the hospital system to use a price increase and cost cuts to significantly boost its operating profit.
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Indy startup has rare disease in its sights

August 9, 2014
J.K. Wall
Founders of Chondrial Therapeutics believe that if further testing validates their treatment for Friedreich’s ataxia, it could be a blockbuster with annual sales topping $1 billion.
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Boost for vets' health: Obama signs new law

August 7, 2014
Associated Press
Tens of thousands of military veterans who have been enduring long waits for medical care should be able to turn to private doctors almost immediately under a law signed Thursday.
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Hospital services center to hire up to 320 workers

August 7, 2014
 IBJ Staff
An affiliate of Lutheran Health Network in northeast Indiana that concentrates on health-related businesses services expects to nearly triple its workforce.
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Vote would let big conferences set their own rules

August 6, 2014
Associated Press
The NCAA board of directors will vote Thursday on a proposal that would give the five wealthiest college football conferences the ability to make rules and pass legislation without the approval of the rest of Division I schools.
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WellPoint unit launching $80M information exchange

August 6, 2014
Associated Press
Two insurers announced Tuesday that they are partnering for an ambitious project to establish one of the nation's largest health-information exchanges, an effort they hope will reduce duplication and improve patient outcomes.
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Feds require state to talk to Native Americans for HIP 2.0 plan

August 5, 2014
 The Statehouse File
State officials met Tuesday with members of the Pokagon Band of Potawatomi Indians in an effort to satisfy federal regulators who are considering a proposed expansion of the state’s low-income health insurance program.
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Group fighting sexual violence closes over unpaid taxes

August 5, 2014
Associated Press
The Indiana Coalition Against Sexual Assault suspended its operations after failing to pay payroll and other taxes, raising alarm that victims will fall through the cracks.
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Indiana health startups have raised $100M this year

August 4, 2014
J.K. Wall
Investors seem to have rediscovered the Midwest this year, pouring a record $777 million into 139 companies, according to BioEnterprise. In the first half of 2013, Midwest companies raised $351 million.
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FDA approves Lilly, Boehringer diabetes drug

August 1, 2014
Associated Press
The Food and Drug Administration said Friday it will permit Jardiance tablets to be used by adult patients with type 2 diabetes who also are trying to control their condition with diet and exercise.
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Pence pushes Medicaid alternative with HHS chief

July 30, 2014
Associated Press
Gov. Mike Pence told U.S. Health and Human Services Secretary Sylvia Burwell that he wants to maintain Indiana's "freedom and flexibility" under any expansion of Medicaid.
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Probe exposes flaws behind HealthCare.gov rollout

July 30, 2014
Associated Press
Management failures by the Obama administration set the stage for the computer woes that paralyzed the president's new health care program last fall, nonpartisan investigators said in testimony released Wednesday.
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WellPoint beats expectations despite smaller profit

July 30, 2014
Associated Press, J.K. Wall
WellPoint Inc.'s profit fell in the second quarter, but still topped Wall Street's expectations. The health insurer raised its full-year profit forecast and projections for enrollment in its health plans.
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Connecticut nixes rate increase by WellPoint subsidiary

July 29, 2014
Associated Press
Anthem told regulators that the 12.5-percent rate increase was needed because of higher costs for medical services, pharmaceuticals and fees levied by the federal government as part of the Affordable Care Act.
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  1. Can your dog sign a marriage license or personally state that he wishes to join you in a legal union? If not then no, you cannot marry him. When you teach him to read, write, and speak a discernible language, then maybe you'll have a reasonable argument. Thanks for playing!

  2. Look no further than Mike Rowe, the former host of dirty jobs, who was also a classically trained singer.

  3. Current law states income taxes are paid to the county of residence not county of income source. The most likely scenario would be some alteration of the income tax distribution formula so money earned in Marion co. would go to Marion Co by residents of other counties would partially be distributed to Marion co. as opposed to now where the entirety is held by the resident's county.

  4. This is more same-old, same-old from a new generation of non-progressive 'progressives and fear mongers. One only needs to look at the economic havoc being experienced in California to understand the effect of drought on economies and people's lives. The same mindset in California turned a blind eye to the growth of population and water needs in California, defeating proposal after proposal to build reservoirs, improve water storage and delivery infrastructure...and the price now being paid for putting the demands of a raucous minority ahead of the needs of many. Some people never, never learn..

  5. I wonder if I can marry him too? Considering we are both males, wouldn't that be a same sex marriage as well? If they don't honor it, I'll scream discrimination just like all these people have....

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