Health Care & Life Sciences

Lilly taps O'Connor as state lobbyist

June 9, 2010
J.K. Wall
O’Connor, chief deputy mayor under former Indianapolis Mayor Bart Peterson, started Monday as Lilly's director of state government affairs—working again under Peterson.
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Obama gives states $250 million to review insurance premiums

June 7, 2010
WellPoint may face the most threat from more aggressive reviews. The Indianapolis insurer is the leader in small-business and individual policies, areas that have seen the biggest increases in recent years.
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55 employees of mail-order MHP Pharmacy firm losing jobs

June 7, 2010
Indianapolis-based MHP Pharmacy's facility on North Meridian Street will close in August as a result of the company's purchase by In Touch Pharmaceuticals in Valparaiso.
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Erbitux fails to stop colon cancer before it spreads

June 6, 2010
Bloomberg News
Eli Lilly and Co. and Merck KGaA drug failed to slow tumors in a study designed to expand the medicine's use to patients whose disease is in an earlier stage.
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Indiana Seed Fund nearing end of $6 million stashRestricted Content

June 5, 2010
Chris O'Malley
Having invested in 10 companies since 2005 and with its $6 million pot of money running low, the Indiana Seed Fund is nearing a crossroads.
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OrthoWorx initiative names executive director

June 3, 2010
 IBJ Staff
Not-for-profit launched last year by BioCrossroads and Indiana's orthopedic companies names Zimmer Inc. executive Brad Bishop to lead the initiative.
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SynCare withdraws abatement request

June 2, 2010
 IBJ Staff
Locally based SynCare LLC has withdrawn a request for a property tax abatement tied to the creation of 114 jobs. SynCare owner Stephanie DeKemper said she pulled the request to ensure the employment projections are accurate.
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St. Vincent closes in on new hospital deal

June 2, 2010
J.K. Wall

A deal in which St. Vincent Health would buy or lease Bedford’s Dunn Memorial Hospital is in the final stages, according to the Times-Mail of Bedford. The hospital board held two hours of closed-door talks on May 26, and one board member predicted a decision within days.

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Expert: Reform can improve communities

June 2, 2010
J.K. Wall

The much-maligned health care bill provides a huge opportunity for local communities to improve the health of their citizens and for local health care providers to win bonus payments from federal health insurance programs. That's the message Len Nichols, a Beltway veteran and health policy expert, will bring to attendees at the All Healthcare is Local conference today.

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Health care firm plans to create 114 jobs

June 1, 2010
SynCare LLC's expansion hinges on city approval of property tax abatement. The Metropolitan Development Commission is set to vote on the request Wednesday.
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Genetic testing could spur Erbitux drug sales

June 1, 2010
Bloomberg News
The drugmakers are counting on screening for the so-called K-ras gene to spur use of Erbitux in metastatic colorectal cancer.
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Cancer researcher battling Semafore in courtRestricted Content

May 29, 2010
Chris O'Malley
Former collaborator alleges firm breached its agreement with him and refused to pay royalty income.
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Lilly grows Alimta's sales by shrinking marketRestricted Content

May 29, 2010
J.K. Wall
In 2008, Eli Lilly and Co. asked drug regulators to change the label on Alimta so Lilly could no longer promote it as a treatment for all patients suffering from non-small-cell lung cancer, but for only about 70 percent of the patients. Since then, sales of the drug have accelerated, growing a whopping 48 percent last year.
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Positron has billion-dollar hopes for medical-imaging scanner

May 29, 2010
J.K. Wall
A maker of medical imaging equipment that recently moved its headquarters to Fishers has grand plans to reach $1 billion in sales and build a multimillion-dollar cyclotron facility in five years. But history shows Positron Corp. has been far better at losing money than making it.
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Biopharma fueling boom in refrigerated warehousing

May 29, 2010
Chris O'Malley
In the past few years, a handful of cold storage facilities have sprouted locally by playing to Indianapolis' strengths in warehousing and life sciences.
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Indianapolis startup attacks Alzheimer's diseaseRestricted Content

May 29, 2010
Norm Heikens
AgeneBio Inc. this month landed a $300,000 investment from the Indiana Seed Fund to fund operations, bolster its intellectual property, and begin learning how to make a drug into a once-a-day pill.
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WellPoint pledges two-day hospital stays after mastectomy

May 26, 2010
J.K. Wall
In the company's latest response to withering criticism of its breast-cancer policies, WellPoint Inc. said it will pay for any breast cancer patient to stay two days in a hospital after surgery.
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Effective stats are new hurdle for U.S. drugmakers

May 26, 2010
J.K. Wall
WellPoint Inc.'s announcement of comparative effectiveness research guidelines last week marks a new era for U.S. drugmakers. The Indianapolis-based health insurer will use studies that compare the effectiveness of one drug against another as a complement to typical clinical trial research that compares a drug against a placebo sugar pill.
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Summit to counsel cities on reform

May 26, 2010
J.K. Wall
Now that health reform is law, a local not-for-profit group, Better Healthcare for Indiana, wants to help Indiana community leaders use the law to slow runaway medical spending while improving the health of their citizens.
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Q&A: Don Stumpp

May 26, 2010
J.K. Wall
Don Stumpp, manager of payer contracting at Indianapolis-based physician group American Health Network and president of the Indiana Medical Group Management Association, discussed the impact of the health care reform law on primary care physicians as well as the near-constant threat of a sharp cut in Medicare reimbursement.
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Eli Lilly invests in $250M Australian venture fund

May 20, 2010
 IBJ Staff and Bloomberg News
The unnamed venture fund will be based in Brisbane, and will focus on biotechnology investments in Australia and southeastern Asia.
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Health care suppliers need to think long term, expert says

May 20, 2010
Chris O'Malley
Companies in the health care supply chain need to engage in more strategic, long-term preparation even as the industry faces uncertainties and upheaval, MIT expert tells local conference attendees.
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UPDATE: Arcadia confirms major growth plans

May 20, 2010
 IBJ Staff
Arcadia Resources Inc. is planning a $3.9 million expansion of its Indianapolis headquarters and pharmacy operations, the company said Thursday morning, confirming that it plans to add as many as 930 jobs by 2013.
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Drug-spending increase highest in four years

May 20, 2010
Bloomberg News
The price increase was fueled by the debate over the health-care overhaul in Washington, D.C., Medco Health Solutions Inc. CEO David Snow said.
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Arcadia Resources says it will add 930 jobs

May 19, 2010
Scott Olson
Executives of the health care services provider will be joined by Gov. Mitch Daniels and Mayor Greg Ballard for a Thursday morning announcement at the company's headquarters.
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