Health Care & Life Sciences

PROXY CORNER: Baldwin & Lyons Inc.

July 10, 2010
 IBJ Staff
Baldwin & Lyons Inc. provides property-and-casualty insurance for various industries, including trucking.
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Regenstrief names new CEO

July 8, 2010
J.K. Wall
Dr. Bill Tierney will replace Dr. Tom Inui on Oct. 1 at helm of Indianapolis-based medical research organization.
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Medical device firm eyeing Indianapolis growth

July 7, 2010
Greatbatch Medical wants to expand its facility on the east side of Indianapolis to accommodate its entrance into the orthopedics market. The New York-based company specializes in cardiovascular products.
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Health reform rule could cost WellPoint

July 7, 2010
J.K. Wall
WellPoint Inc. has about $800 million riding on one arcane rule: how to calculate a medical loss ratio. The ratio quantifies the percentage of customers’ premiums were spent on medical care, rather than overhead or profits.
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Lilly's Lechleiter: No change in plans

July 7, 2010
J.K. Wall
The global financial press keeps asking John Lechleiter for his end-game strategy to survive Eli Lilly and Co.'s nightmarish patent challenges. And, like a broken record, the Lilly CEO keeps giving the same answer: pipeline, pipeline, pipeline—no mega-merger.
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Men on Viagra, Cialis show triple rate of sex diseases in study

July 6, 2010
 IBJ Staff and Bloomberg News
The findings suggest that users of drugs to treat erectile dysfunction, including Eli Lilly's Cialis, may be more likely to engage in unsafe sex than nonusers.
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Widowed car dealer Christine Burd becomes mental health advocate

July 3, 2010
 IBJ Staff
Burd, who is president of Burd Ford, a mother of four, and a fixture on television commercials for the dealership, has become an advocate for mental health following her husband's suicide.
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Program tying doctor bonuses to quality goes statewideRestricted Content

July 3, 2010
J.K. Wall
The program currently includes 1,200 physicians—about 10 percent of all doctors in Indiana.
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Health care reform bringing changes to Caregivers

July 3, 2010
Scott Olson
Caregivers anticipates coping with declining Medicare reimbursements while having to offer insurance to its employees.
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Connecticut to probe WellPoint security breach

July 2, 2010
Bloomberg News
Attorney general seeks more details on the breach, which may have compromised financial and health information on almost 500,000 people. He also calls on the Indianapolis-based insurer to provide affected customers with credit monitoring and theft protection services.
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Wishard construction bids starting to flow

July 2, 2010
Scott Olson
About $72 million in bids have been awarded so far for the $754 million Wishard Hospital project—ahead of schedule and under budget, for the time being—including demolition and foundation work.
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Lilly acquires biotech company with pancreatic drug

July 2, 2010
J.K. Wall
Massachusetts-based Alnara Pharmaceuticals Inc., which has attracted $55 million in venture capital in the past two years, recently submitted its drug to the FDA for market approval.
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Fort Wayne medical practice splits, following industry trend

July 2, 2010
J.K. Wall
More than 100 staff members of Indiana Medical Associates LLC likely will land at one of two area hospital systems. The move mirrors national and local consolidation of practices with hospitals.
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Grassley asks Lilly, peers about whistleblower treatment

July 1, 2010
Bloomberg News
U.S. Senator Charles Grassley asked 16 drugmakers, including Eli Lilly & Co., Pfizer Inc. and AstraZeneca Plc, to reveal how they treat whistleblowers who file complaints under the False Claims Act.
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Lilly's Effient steps forward, then back

June 30, 2010
J.K. Wall
A day after doctors were alerted to a black-box warning that could slow sales of Effient’s main competitor, Plavix, a medical journal published research showing that patients suffered 43-percent more cancer tumors on Effient than on Plavix.
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Doctors breathe a sigh of relief

June 30, 2010
J.K. Wall
As doctors threaten to drop Medicare patients, Congress delays cuts for another six months.
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Marcadia enlists Lilly to help develop new diabetes drug

June 28, 2010
J.K. Wall
The two companies will jointly develop a short-acting glucagon drug, which they hope proves more convenient than Lilly’s current Glucagon for patients with severe hypoglycemia.
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Hoosier firms that rely on innovation pine for patent reform

June 26, 2010
J.K. Wall
One key change would grant patents to the first inventor to file an application, not the first who can prove to have made the invention first.
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WellPoint exec sees health insurer 'oligopoly' coming

June 24, 2010
Bloomberg News
U.S. health insurers are “moving towards an oligopoly,” a process that this year’s health-care overhaul will accelerate, the investor-relations chief at WellPoint Inc. said Thursday.
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OneAmerica to acquire McCready and Keene

June 23, 2010
J.K. Wall
McCready and Keene Inc. is the fifth-largest employee benefits firm in the Indianapolis area. It employs 95 people nationally, 82 of them in Indianapolis, according to IBJ research.
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Health Foundation hires development director

June 23, 2010
Kathleen McLaughlin
Key Indianapolis Museum of Art fundraiser Kathy Nagler has been hired as the first development director for Health Foundation of Greater Indianapolis.
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Hospital jobs keep growing in recession

June 23, 2010
J.K. Wall
Hospitals continued to be a stable and slightly growing source of jobs and wages in Indiana—for better and for worse. The sector paid $7.3 billion to 127,000 Hoosiers in 2008, according to the latest data from the American Hospital Association.
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Medicare cuts hit doctors as Congress feuds

June 23, 2010
J.K. Wall
Physician offices will begin receiving payments from the Medicare that are 21.3-percent below what they’ve been getting so far this year. Doctors still expect Congress to reverse the payment cuts, but physicians and the Medicare program will have to reprocess claims, costing both extra money.
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Q&A

June 23, 2010
J.K. Wall
David Stocum is the director of the Center for Regenerative Biology and Medicine at the IUPUI School of Science. He and his team are studying how amphibians regenerate parts of their bodies to see if there are ways to induce humans to regenerate tissue that is lost or damaged. The center has about 20 researchers and funding of about $14 million to fuel its quest.
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Lilly layoffs pare communications department

June 21, 2010
J.K. Wall
The giant drugmaker is in the process of trimming 35 percent—or about 19 people—from its 55-person communications staff. Most of that staff is based in Indianapolis.
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  1. I am so impressed that the smoking ban FAILED in Kokomo! I might just move to your Awesome city!

  2. way to much breweries being built in indianapolis. its going to be saturated market, if not already. when is enough, enough??

  3. This house is a reminder of Hamilton County history. Its position near the interstate is significant to remember what Hamilton County was before the SUPERBROKERs, Navients, commercial parks, sprawling vinyl villages, and acres of concrete retail showed up. What's truly Wasteful is not reusing a structure that could still be useful. History isn't confined to parks and books.

  4. To compare Connor Prairie or the Zoo to a random old house is a big ridiculous. If it were any where near the level of significance there wouldn't be a major funding gap. Put a big billboard on I-69 funded by the tourism board for people to come visit this old house, and I doubt there would be any takers, since other than age there is no significance whatsoever. Clearly the tax payers of Fishers don't have a significant interest in this project, so PLEASE DON'T USE OUR VALUABLE MONEY. Government money is finite and needs to be utilized for the most efficient and productive purposes. This is far from that.

  5. I only tried it 2x and didn't think much of it both times. With the new apts plus a couple other of new developments on Guilford, I am surprised it didn't get more business. Plus you have a couple of subdivisions across the street from it. I hope Upland can keep it going. Good beer and food plus a neat environment and outdoor seating.

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