Health Care & Life Sciences

Timing looks right for Biomet IPO

March 10, 2014
J.K. Wall
After private equity firms paid $11.4 billion for Biomet Inc. just months before the onset of a prolonged downturn, they are now trying to take the company public when U.S. consumer sentiment is on the upswing.
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Dow AgroSciences nears jackpot from genetic engineering

March 8, 2014
Dan Human
Dow AgroSciences LLC is spending millions of dollars and racking up hundreds of patents as its expands ever deeper in the burgeoning global market for genetically modified crops and pesticides.
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UIndy looking for developer for health sciences centerRestricted Content

March 8, 2014
J.K. Wall
UIndy would be the main tenant in the 134,000-square-foot building, which is expected to cost as much as $30 million.
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2014 Health Care Heroes: Timmy Global Health

March 6, 2014
Tom Harton
Community Achievement in Health Care Finalist
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2014 Health Care Heroes: Patient Health Coaching, Franciscan Visiting Nurse Service

March 6, 2014
Tom Harton
Community Achievement in Health Care Finalist
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2014 Health Care Heroes: Daughters of Charity

March 6, 2014
Tom Harton
Community Achievement in Health Care Winner
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Two-year extension offered for canceled health plans

March 5, 2014
Associated Press
The extension was part of a major package of regulations that sets ground rules for 2015, the second year of government-subsidized health insurance markets under Obama's law — and the first year that larger employers will face a requirement to provide coverage.
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Lilly diabetes drug rejected by FDA over manufacturing issue

March 5, 2014
Bloomberg News
The Lilly-Boehringer drug empagliflozin is projected to reach sales of $295 million for Lilly in 2019, but it won't be able to sell it until issues are resolved at a German plant.
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Insurers’ Obamacare losses may reach $5.5 billion, U.S. says

March 5, 2014
Bloomberg News
Health insurers such as Indianapolis-based WellPoint Inc. and Louisville-based Humana Inc. stand to receive $5.5 billion next year to cover losses from Obamacare in a program the law’s opponents label a bailout.
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House passes moratorium on nursing home construction

March 3, 2014
John Sittler, The Statehouse File
The bill passed 55-40 and now returns to the Indiana Senate, which has already passed the bill and can now approve changes made by the House or send the bill to a conference committee for further consideration.
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Analysts: Endocyte likely to receive green light on first drug this month

March 3, 2014
J.K. Wall
The European Committee for Medicinal Products for Human Use is scheduled to meet March 17-20, and analysts expect the agency to vote during that meeting to approve vintafolide, Endocyte’s first drug, which treats ovarian cancer.
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Indiana one of many states aiming to limit tanning

March 2, 2014
Associated Press
Lawmakers' efforts to crack down on the use of Indiana tanning beds this year are part of a national push to limit young people's exposure to risks that include skin cancer.
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Kentucky's largest health system makes major jobs cut

March 1, 2014
Associated Press
Hospital company KentuckyOne Health, which employs more than 14,000 people in Kentucky and southern Indiana, says it has laid off about 500 people.
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Tech firms dangle amenities to lure sought-after workersRestricted Content

March 1, 2014
Dan Human
Industry goliaths in Silicon Valley have thrown lavish perks at employees for years. As employment in Indianapolis tech firms has skyrocketed in recent years, a lot more companies are looking for workers, heating up competition.
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Biosimilars bill passes House, heads to governor

February 25, 2014
Jacob Rund, The Statehouse File
Pharmacists would be able to substitute an interchangeable biosimilar drug for a prescribed name-brand product under a bill passed by the Indiana House of Representatives on Tuesday.
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Lilly diabetes drug matches competitors' effectiveness

February 25, 2014
 IBJ Staff and Bloomberg News
The Indianapolis drugmaker said dulaglutide performed as well as Victoza, a best-selling drug for Type 2 diabetics made by Denmark-based Novo Nordisk. Analysts think dulaglutide could reach annual sales of $1.5 billion.
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Indiana’s hospitals face Obamacare timing problem

February 24, 2014
J.K. Wall
The Obama administration's delays of Obamacare's employer mandate penalties mean it will be another year or two before hospitals see the additional revenue the law was supposed to bring them.
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Lilly acquires animal health business, lowers forecast

February 24, 2014
 Associated Press and IBJ Staff
Eli Lilly and Co. is buying a privately held, poultry-vaccine maker based in Germany to strengthen its Elanco animal health subsidiary.
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UIndy plans $50M in expansion projects

February 21, 2014
J.K. Wall
The bulk of the money, to be spent over five years, will go to a 134,000-square-foot health sciences center, which will provide training space for the university's nursing, physical therapy and other health care students.
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WellPoint dismisses former interim-CEO Cannon

February 21, 2014
J.K. Wall
John Cannon, the man credited with righting the ship at WellPoint Inc., was terminated without cause this week, the company disclosed in a securities filing Friday morning.
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Consumers shun cheapest Obamacare exchange plans

February 20, 2014
Bloomberg News
Most Americans are avoiding the lowest-priced health plans on the Obamacare insurance exchanges, taking advantage of government subsidies to seek more protection against high treatment costs.
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Lilly drug shows promise as lung cancer treatment

February 19, 2014
J.K. Wall
Shares of Eli Lilly and Co. rose as much as 3.8 percent Wednesday morning after the Indianapolis-based drugmaker revealed that an experimental drug boosted overall survival among lung cancer patients in a large trial.
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Hoosier lawmakers attack Obamacare's 30-hour rule

February 17, 2014
J.K. Wall
Lawmakers Young and Donnelly push restoration of 40-hour definition of full-time, but critics say their bills would gut Obamacare's employer mandate and lead to a decline in employer insurance coverage.
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Incoming OneAmerica chief has big goals for growthRestricted Content

February 15, 2014
Chris O'Malley
As Scott Davison steps into the shoes of OneAmerica’s retiring CEO Dayton Molendorp, who led a massive expansion of the company in recent years, he’ll be challenged to keep growing pains at a minimum.
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Nursing home profits surge as owners seek moratorium

February 15, 2014
J.K. Wall
Nearly two-thirds of the state’s nursing homes are now participating in partnerships with county-owned hospitals that effectively double their profit margins.
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