Health Care & Life Sciences

King Systems' two top execs exit company

January 28, 2011
Scott Olson
An executive at the Noblesville firm's parent company said the departures of CEO Don Dumoulin and Chief Financial Officer Yun Kim were the result of a "mutual agreement." A search is under way for replacements to lead one of the area's largest medical device manufacturers.
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Marketing firm VMS plans growth, new jobs

January 28, 2011
 IBJ Staff
Event-planning powerhouse VMS Inc. plans to invest more than $1.5 million to expand its Indianapolis life sciences marketing operation and create as many as 102 jobs over the next four years, state officials said Friday morning.
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Indiana Health Information Exchange hires new CEO

January 27, 2011
Scott Olson
Harold Apple takes over for J. Marc Overhage, who will remain with the organization as its chief strategic officer and national policy adviser. IHIE is one of four operational exchanges in Indiana that allows for the sharing of medical records electronically.
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Lilly's fourth-quarter profit surges, topping analysts' predictions

January 27, 2011
J.K. Wall
The Indianapolis-based drugmaker earned $1.2 billion in the quarter, compared with $915 million in the same period a year ago. Profit per share beat Wall Street forecasts by a penny.
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Life sciences to drive Purdue's next decade of building

January 26, 2011
J.K. Wall
Over the past 10 years, Purdue University has built Discovery Park into a thriving research and business incubation center, launching more than 30 companies and hosting dozens more. Now Purdue will spend more than $164 million to construct a Life and Health Sciences Quadrangle next to Discovery Park.
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Q&A

January 26, 2011
J.K. Wall
Chris Sears is a health care and employee-benefits attorney at Ice Miller LLP in Indianapolis. He spoke about how employers are sizing up health insurance reforms that hit in 2014, which would set up government-subsidized insurance as a new option for workers but also would penalize most employers if they stop sponsoring employee health benefits.
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Lilly product gets boost; Wall Street yawns

January 26, 2011
J.K. Wall
Eli Lilly and Co. probably will get approval for its newly acquired imaging agent used to diagnose Alzheimer’s disease, but so far analysts are unimpressed.
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WellPoint profit better than analyst estimates

January 26, 2011
Bloomberg News, J.K. Wall
Excluding special charges, WellPoint’s profit fell 2 percent to $524.7 million in the fourth quarter from $536 million in the fourth quarter of 2009. But earnings per share improved thanks to stock buybacks.
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Vanderbilt rejected by high court on Cialis patents

January 24, 2011
Bloomberg News
Supreme Court justices on Monday left intact a ruling throwing out a lawsuit pressed by the Nashville, Tenn., university against Eli Lilly's Icos subsidiary.
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Zionsville retirement village plans $32 million expansion

January 24, 2011
 IBJ Staff
Hoosier Village Retirement Center in Zionsville announced plans Monday morning for a $32 million project that will expand its campus and allow the center to add 50 full-time workers.
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Indiana companies prepping for burst of acquisitions

January 22, 2011
Francesca Jarosz
Conditions are ripe for a barrage of mergers and acquisitions to take place this year.
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Uptick in M&A activity suggests a turnaroundRestricted Content

January 22, 2011
Scott Olson
Fourth quarter helps to bolster 2010 deal-making.
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21st Century Fund pockets a payoff from saleRestricted Content

January 22, 2011
Chris O'Malley
The state’s principal fund investing in high-tech companies has reached a milestone—for the first time recouping all the money it granted an emerging company, and then some.
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Lilly seeks to block imports of cancer drug copy

January 21, 2011
Bloomberg News
The local drugmaker told the International Trade Commission on Thursday that the generic version of Gemzar violates its patent on the process for making the active ingredient.
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Lilly imaging drug fails to win FDA panel's backing

January 21, 2011
Bloomberg News
Eli Lilly and Co.'s Amyvid isn't ready to be approved to detect Alzheimer's-related deposits in the brain, according to FDA advisors. The medicine could still be approved if Lilly establishes a training program and a way to ensure that the results of brain scans are read consistently, they said.
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DeCoudreaux leaving Lilly for top job at Mills College

January 20, 2011
J.K. Wall
Alecia DeCoudreaux, the top attorney for Eli Lilly and Co.’s U.S. unit and an active community volunteer, will leave to become president of Mills College in California on July 1.
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Daniels' budget proposal wouldn't cut hearing aids

January 19, 2011
Associated Press
State budget director Adam Horst said he misspoke when he told the State Budget Committee last week that Daniels&' proposal would eliminate Medicaid coverage for hearing aids.
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Evans dreams big as Clarian becomes IU Health

January 19, 2011
J.K. Wall
Clarian Health, which is set to change its name to Indiana University Health on Jan. 24, is relying on the academic expertise of its downtown Indianapolis hospitals to pull in patients from a wider swath of the state and the nation.
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Down on luck, Lilly finds comfort in pets

January 19, 2011
J.K. Wall
Eli Lilly and Co. continues to misfire on getting new human medicines approved, but its animal health unit is on a roll.
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Carmel firm gets FDA approval for lice treatment

January 18, 2011
 IBJ Staff
ParaPRO LLC's treatment, called Natroba, has a potential U.S. market of 6 million to 12 million infected children annually.
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Health chief: Indiana needs more trauma center access

January 18, 2011
Associated Press
State Health Commissioner Greg Larkin says much of Indiana lacks the access to hospital trauma centers needed to treat victims of attacks like the one in Tucson that left U.S. Rep. Gabrielle Giffords of Arizona critically injured.
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Community Health plans $12M east-side medical complex

January 17, 2011
Construction is set to begin soon on Community Health Pavilion, a three-story, 55,000-square-foot medical building to be built on six acres at 7910 E. Washington St.
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Can video games be good for your health?

January 15, 2011
J.K. Wall
Local companies are embedding stealthy video messages for high school and college students.
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LAMKIN: Health care reform is opportunity to reorganize servicesRestricted Content

January 15, 2011
Ned Lamkin
Indiana should take advantage of the opportunity to build a comprehensive exchange.
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Endocyte prices IPO stock

January 14, 2011
J.K. Wall
The West Lafayette-based drug development firm intends to sell 6.15 million shares for $13 to $15 apiece. That would fetch $80 million to $92 million.
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