Health Care & Life Sciences

Lilly opens new biotech center in San Diego

October 29, 2009
J.K. Wall
Lilly is opening the San Diego biotech center a year after launching a biotech R&D center in Indianapolis.
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WellPoint shares flat after profits beat analyst predictions

October 28, 2009
J.K. Wall
WellPoint Inc.'s third-quarter profits soared above analysts' expectations, but the insurer remains cautious in the face of the flu and high unemployment.
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Doctors balk at Senate attempt to cut waste

October 28, 2009
J.K. Wall
Some Indianapolis-area doctors fear a bill in the U.S. Senate would botch the way costs for tests and procedures are calculated, and ultimately lead to a reimbursement system that works worse than the existing system.
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WellPoint's third-quarter profits beat expectations

October 28, 2009
J.K. Wall
WellPoint Inc.'s third-quarter profits fell 11 percent, the company reported this morning, but still soared above analysts' expectations.
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Smoking-ban backers, opponents vow to keep battling

October 27, 2009
Brock Benefiel
Supporters of a stricter ban on smoking in Indianapolis workplaces said the City-County Council's decision Monday night to table the proposal will not kill efforts to get legislation passed.
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Council tables smoking ban

October 26, 2009
Brock Benefiel
Efforts to broaden Indianapolis' workplace smoking ban came up short Monday night as members of the City-County Council voted to table the proposal. The ordinance would have prohibited patrons from lighting up in bars, bowling alleys and nightclubs, expanding an existing law that prohibits smoking in most public places, including restaurants that serve minors.
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Lilly to move 1,000 from Faris campus

October 26, 2009
J.K. Wall
As it shrinks its work force, Indianapolis-based pharmaceutical firm Eli Lilly and Co. will move more than 1,000 employees to its corporate center by mid-2010.
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Indy Chamber of Commerce endorses smoking ban

October 26, 2009
Cory Schouten
The Indianapolis Chamber of Commerce is throwing its weight behind a tougher workplace smoking ban up for consideration tonight by the City-County Council.
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Indiana insurance industry weathers hard times

October 24, 2009
J.K. Wall
Employment in Indiana's insurance industry has remained stable despite a poor economy.
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Indianapolis-based FAST Diagnostics gets funding from BioCrossroads' seed fund

October 24, 2009
 IBJ Staff
Money will help the company refine its tool to treat acute kidney injury.
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Cook Group Inc. owner says health reform's tax on medical devices could kill jobs

October 24, 2009
 IBJ Staff
Bloomington-based Cook Group Inc. might have to cut as many as 1,000 local jobs if Congress enacts a tax on medical devices to pay for health care reform, company founder Bill Cook said in an interview.
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Gregory & Appel celebrates anniversary by writing 125 checks to charity

October 24, 2009
 IBJ Staff
The awards of $500 each total $62,500. “In lieu of doing a party, it was more appropriate and more the corporate culture of Gregory & Appel to do something charitable,” Vice President Steve Appel said.
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Goodwill executive to lead national health care boardRestricted Content

October 24, 2009
Scott Olson
Goodwill Industries executive Keith Reissaus has been tapped to run Washington, D.C.-based Leapfrog Group, an industry coalition. Reissaus gained control of health care costs by giving employees incentives to care about their health.
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Lilly needs to sell more Effient before Zyprexa loses patent protectionRestricted Content

October 24, 2009
J.K. Wall
Sales of Eli Lilly and Co.’s newest drug were an afterthought during its Oct. 21 report on third-quarter earnings. The blood thinner Effient totaled up $22.6 million in sales—a mere 0.4 percent of Lilly’s total for the quarter.
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Lilly settles Zyprexa case with S. Carolina for $45M

October 23, 2009
 IBJ Staff and Associated Press
South Carolina Attorney General Henry McMaster said Friday that the state has reached a $45 million settlement with drug maker Eli Lilly and Co. over the company's marketing of an anti-psychotic drug.
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Eli Lilly CEO banking on new drug pipeline

October 22, 2009
Associated Press
CEO John Lechleiter says Lilly's pipeline has helped it rebound from significant patent losses three times during his 30-year career at the company. He's betting there will be a fourth.
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Zimmer profits fall, but beat expectations

October 22, 2009
J.K. Wall
The Warsaw-based company recorded a third-quarter profit of $150 million, down 30 percent from the same quarter a year ago.
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Lilly, GE announce cancer diagnostic breakthrough

October 21, 2009
J.K. Wall
Eli Lilly and Co. and General Electric Co. say they've made a breakthrough in cancer research that could help Lilly cut the size and cost of its clinical trials.
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Uncertainty over drug pipeline sends Lilly shares down

October 21, 2009
J.K. Wall
For the first time publicly, Eli Lilly and Co. officials admitted the obvious: Their pipeline products aren't likely to offset the revenue the company will lose after its two bestsellers, Zyprexa and Cymbalta, lose patent exclusivity.
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Cook: Tax could kill 1,000 jobs in Bloomington

October 21, 2009
J.K. Wall
Bloomington-based Cook Group Inc. could find itself cutting as many as 1,000 local jobs if Congress enacts a tax on medical devices to pay for health care reform, company founder Bill Cook said in an interview.
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Lilly reports $942 million profit in third quarter

October 21, 2009
J.K. Wall
Excluding special items, Eli Lilly and Co.'s earnings per share spike 22 percent on the strength of Alimta, Cymbalta and Humalog sales. Lilly's revenue rose 7 percent in the quarter over the same period of 2008, to $5.56 billion.
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Medco plans to compare Plavix, Effient in study

October 20, 2009
 IBJ Staff and Associated Press
Medco Health Solutions Inc. said Tuesday it will compare the blood thinner Plavix, the world's second-best selling drug, with Effient, a potential blockbuster drug sold by Indianapolis-based Eli Lilly and Co.
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Cook calls for new approach to health reform

October 20, 2009
J.K. Wall
Founder of medical device firm says Congress should fund network of low-cost clinics.
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SMITH: Cut health care costs by limiting malpractice lawsuitsRestricted Content

October 17, 2009
Debra A. Smith
A peer-review panel of experts would help minimize unnecessary medical malpractice suits.
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Baucus health reform bill draws fire in Indiana, too

October 17, 2009
 IBJ Staff
The health insurance industry’s sudden counterpunch to the Senate version of health reform echoed in Indiana and opened a key issue for the rest of the debate: Will covering half of the country’s uninsured mean raising premiums for the 85 percent of Americans who already have insurance?
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  1. I keep wondering why I keep hearing about this problem of corporations leaving America, and I never hear a reasonable proposal to lower corporate tax rates and raise personal rates on income from capital gains and dividends, especially for high earners. It is just too simple of a solution for Congress to embrace?

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