Eli Lilly and Co. will pay Canadian drug developer Transition Therapeutics Inc. $7 million and take over the development of a potential diabetes treatment heading into mid-stage clinical testing. According to the Associated Press, Transition said Monday it also could receive up to $240 million in additional payments, plus royalties, if the treatment is eventually approved and sold. It also will pay Indianapolis-based Lilly $14 million in three installments during the mid-stage study. The drug, labeled TT-401, is being developed to treat the most common form of diabetes, type 2, and accompanying obesity. Demand for drugs that treat diabetes is climbing as rising instances of obesity are causing an explosion of diabetes cases globally.
The Indiana University School of Medicine won a $1 million grant from the American Medical Association to
launch a virtual health system curriculum for training medical students. The med school is one of 11 grant recipients. IU
will use a teaching version of an electronic medical record system to help students use huge quantities of data to make clinical
decisions, as well as to monitor the cost of their decisions. Medical school officials said the virtual health system curriculum
will be better suited to the changing health care environment its students will encounter after graduation.
Starting July 1, a new state law will allow pharmacists to administer vaccinations for
pneumonia, tetanus, diphtheria, acellular pertussis, HPV infections and meningitis, according to The Statehouse File news
service. Currently, the only immunizations pharmacists can administer are flu shots. Pharmacists must continue to perform
immunizations under physician-monitored guidelines. More than 40 states allow pharmacists to provide immunizations, although
requirements for education and oversight vary. In Indiana, pharmacists must undergo immunization training. Already, the state
has more than 2,700 pharmacists trained to provide the shots and several hundred new ones are added annually.
Riley Hospital for Children at Indiana University Health has chosen Russell Williams as its next chief operating
officer, replacing Brett Lee, who left suddenly two years ago. Williams will join Riley on July 15 after
serving most recently as vice president of operations at Fairview Southdale Hospital in Minnesota. He previously oversaw construction
of a children’s hospital for Fairview Health Services, which includes the University of Minnesota academic medical center.
Williams earned a bachelor’s degree from Brigham Young University and a master's of healthcare administration from
the University of Minnesota.
Dr. John Chappo, a hospitalist who cares for patients staying overnight in hospitals, has joined Danville-based
Hendricks Regional Health. He holds a bachelor’s in biochemistry from Indiana University and an osteopathic medicine
degree from the Kansas City University School of Medicine and Biosciences.
Affiliates of Planned Parenthood in Indiana and Kentucky plan to merge on July 1 in an effort to pool resources, meet the challenges
of the changing health care landscape, and potentially expand their reproductive-health services. The new not-for-profit is
expected to be named Planned Parenthood of Indiana and Kentucky—or PPINK—and continue to operate
the 28 existing health centers, with 26 of those in Indiana. Three of those Indiana centers perform abortions, but the Kentucky
centers do not. The group will be based in Indianapolis, and employ 190 people in its health centers and administrative office.
Betty Cockrum, president and CEO of the Indiana organization, will serve in the same role for the merged group. Mergers are
common among the Planned Parenthood affiliates, according to the organization. At one time, the national Planned Parenthood
family had more than 200 affiliates; there are now just 73. PPIN merged multiple times to become a statewide affiliate in
2004.
Indiana University Health has agreed to sell its eight occupational health clinics to a California-based
chain that specializes in Workers' Compensation cases. US HealthWorks Medical Group, which already operates nearly 200
clinics in 17 states, agreed in May to acquire the eight clinics from IU Health, the largest hospital system in Indiana. The
deal is expected to close before July. Neither entity disclosed the purchase price. US HealthWorks has offered jobs to 126
of the clinics' 149 workers. IU Health, which will maintain a role in serving clinic patients, has offered positions to
20 of those not hired by US HealthWorks and is working to place the remaining workers. US HealthWorks has been expanding rapidly
even as the number of workers' comp cases trends down nationally. US HealthWorks operates occupational health clinics
in Elkhart, Goshen, Muncie and Warsaw.
Franciscan St. Francis Health will close two After-Hours Clinics on the south side of Indianapolis at month’s
end. The hospital system offered no explanation for the closures. It noted that it will keep operating a third After-Hours
Clinic in Mooresville, and also will maintain two other immediate care clinics in the southern suburbs of Indianapolis. The
clinics that will close are in Beech Grove at 2030 Churchman Ave. and near Franciscan’s Indianapolis hospital at 7855
S. Emerson Ave.
The state of Indiana plans to spend $37 million more each year reimbursing health care providers who treat Medicaid
patients, partially reversing a 5-percent rate cut the state adopted in 2010 while struggling through the impacts of the national
recession. A spokeswoman for Gov. Mike Pence said the increase would amount to 2 percent more for hospitals, nursing facilities,
home health and immediate care providers. Cuts in how much the state Medicaid plan pays for dental, vision, medical transportation
and other areas will be fully restored. The Legislature paid for the increased rates in their recently passed, $30 billion
biennial budget.
Marian University in Indianapolis has announced it has reached its limit of 162 students for the incoming class of its new
College of Osteopathic Medicine. School officials said they have received tuition deposits from 162 applicants. They say those
students can still pursue their education elsewhere, but the school has a waiting list. They said they are confident they
can fill any vacancies that arise.
The Indiana Blood Center is streamlining its blood mobile operations, closing a donor center and taking
other cost-cutting measures in response to shrinking revenue from hospitals. The not-for-profit
blood center announced June 4 that demand from hospitals has fallen 24 percent over the past year. That is forcing it to take
steps that also include freezing management salaries, eliminating 45 positions, and discontinuing a therapeutic phlebotomy
program. The blood center supplies more than 60 Indiana hospitals. It is funded by fees it charges those facilities to recruit
donors and collect, test, process, label, store and distribute blood.
Michael Cook has joined the local office of CBRE Group Inc. as a senior vice president with an emphasis on corporate services and advisory of multi-market industrial and manufacturing clients.
The average rate for 30-year mortgages rose from 3.99 percent to 4.1 percent for the week ended June 5, according to Bankrate.com. The rate for 15-year mortgages rose from 3.21 percent to 3.28 percent.
-Spectra Premium Industries leased 250,000 square feet at Axcess 70, 3052 N. Distribution Way, Greenfield. The tenant was
represented by Andrew Morris, Tony Hupp and Andrea Hopper of Summit Realty
Group. The landlord, Browning Investments, was represented by Mark Writt of CBRE.
-SKH Paper Company leased 42,500 square feet of industrial space at 2363 E Perry Road, Plainfield. The tenant was represented
by Sean McHale of Colliers International. The owner, CLPF-Plainfield Park 3 LP, was represented by Bryan
Poynter of Cassidy Turley.
-Ruth’s Chris leased 10,257 square feet at Ironworks at Keystone, 2727 E. 86th St. The tenant was represented by Larry
Davis and Tom English of Sitehawk Retail Real Estate. The landlord, Ironworks Indianapolis LLC,
was represented by Mark Perlstein of Sitehawk Retail Real Estate.
-Gordon Trucking Inc. leased 10,116 square feet of industrial space and 4 acres of land at 3805 S. Harding St. The tenant
was represented by Jim Karozos of Lee & Associates. The landlord, L & S Kopetsky Realty LLC, was
represented by Brian Dell of Summit Realty Group.
-Med Express Urgent Care leased 4,824 square feet at Centre East, 10863 E. Washington St. The tenant was represented by Harley
Carroll of Petroplus Lane and Larry Davis of Sitehawk Retail Real Estate. The landlord, Centre East
LLC, was represented by Dean Almas of Sitehawk Retail Real Estate.
-Med Express Urgent Care leased 4,794 square feet at Southport Shops, 7225 U.S. Route 31 South. The tenant was represented
by Harley Carroll of Petroplus Lane and Larry Davis of Sitehawk Retail Real Estate. The
Landlord, Southport Shops, was represented by Dean Almas of Sitehawk Retail Real Estate.
-Popeye’s Louisiana Kitchen leased a 4,200-square-foot building at 635 Carmel Drive, Carmel. The tenant was represented
Steve Delaney and Larry Davis of Sitehawk Retail Real Estate. The landlord, NRW Corp., was
represented by Todd Camesasca of Kosene & Kosene.
-Meridian Pain Group P.C. leased 2,913 square feet at 9292 N. Meridian St., Suite 110. The tenant was represented by Drew
Augustin of Alliance Commercial. The landlord, Fairhill Realty LLC, was represented by Matthew Broderick
of Acorn Group Inc.
-Dentistry on 116th leased 2,880 square feet at 116th Street Centre, 33 E. 116th St., Fishers. The landlord, TCP Guilford
LLC, was represented by Keith Fried of Sitehawk Retail Real Estate. The tenant represented itself.
-South of Chicago Pizza leased 2,519 square feet at the Bonn Building, 13578 E. 131st St., Fishers. The landlord, Bonn Building
Partners LLC, was represented by Steve Delaney and Keith Fried of Sitehawk Retail Real Estate.
The tenant represented itself.
-The Shipping Store & More renewed its lease for 1,765 square feet at Northbrook Shopping Center, 1427 W. 86th St. The
tenant was represented by Pat Chesebrough of Century 21 Scheetz. The landlord, 86th & Ditch Realty
LP, was represented by Keith Fried of Sitehawk Retail Real Estate.
-Shangri-La Foot Spa leased 1,600 square feet at Avon Station, 8100 E. U.S. 36, Avon. The landlord, Avon Station Inc.,
was represented by Michael Cranfill of Sitehawk Retail Real Estate. The tenant represented itself.
-Little Caesars leased 1,600 square feet of retail space at 2181 N. Meridian St. The tenant was represented by Ron
Mannon of Lee & Associates. The landlord, SRT Property Holdings LLC, was represented by Pat Boyle of
Midland Atlantic.
Express Motor Vehicle Administration bought an 18,940-square-foot building at 3960 Southeastern Ave. The buyer was represented by Marty Murphy. The sellers, Edward and Linda Calvert, were represented by Cam Kucic of Summit Realty Group.
-Diamond Foods Inc. leased 2,095 square feet of office space at Delaware Crossing II, 10100 Lantern Road, Fishers. The tenant
was represented by Zane Brown of CBRE. The landlord, Genesis Development Group LLC, was represented by Paul
Dick and Kevin Dick of Colliers International.
-Westfield Parks & Recreation leased 2,060 square feet of retail space in Cherry Street Plaza, 330 E. Main St., Westfield.
The landlord, Cherry Street Plaza LLC, was represented by Ron Mannon of Lee & Associates. The tenant
represented itself.
-Mindful Movement Studio leased 1,791 square feet at Northbrook Shopping Center, 1475 W. 86th St. The landlord, 86th &
Ditch Realty LP, was represented by Keith Fried of Sitehawk Retail Real Estate. The tenant represented itself.
-Crepe Way leased 1,700 square feet at Castleton Shops, 5955 E. 82nd St. The tenant was represented by Kelli Memreno-lbanez
of Libertad Real Estate. The landlord, Castleton Shops LLC, was represented by Dean Almas of Sitehawk
Retail Real Estate.
-JS Sushi leased 1,600 square feet at The Shoppes at 54th Street, 5425 N. Keystone Ave. The landlord, KBF 54th LLC, was represented
by Keith Fried of Sitehawk Retail Real Estate. The tenant represented itself.
-MANG THA Real Estate leased 1,463 square feet of office space in Winchester Place, 8060 Madison Ave. The tenant was represented
by Nguncer Bualteng of MANG THA Real Estate. The landlord, Oak Property Group LLC, was represented by Cathy
Richards of Lee & Associates.
-China Wok leased 1,200 square feet of retail space at 1600 E. Michigan Road, Shelbyville. The tenant was represented by
Chengang Tian of TLC Real Estate South. The landlord, C-III, was represented by Jacque Haynes
of Cassidy Turley.
-Colon and Rectal Care Inc. leased 1,020 square feet of office space at Southpointe Office Park, 8936 Southpointe Drive.
The tenant was represented by Paul Dick and Kevin Dick of Colliers International. The landlord,
HTA-Southpointe LLC, was represented by Andrew Nordhoff of Healthcare Trust of America.
-Alt Construction has completed a 24,010-square-foot office build-out for CP Vincennes LLC at 4030 Vincennes Road.
-Alt Construction has completed a 2,100-square-foot build-out for PEARings: Frozen Yogurt & Beyond at 6 W. Washington
St.
-Alt Construction has completed a 53,885-square-foot office build-out for Bell Techlogix at 4400 W. 96th St., Carmel.
WellPoint Inc. named Lewis Hay III to its board of directors after announcing earlier this month that three members had resigned for personal reasons. He serves as executive chairman of Juno Beach, Fla.-based NextEra Energy Inc. but will retire at the end of this year. He was CEO of that company from 2001 through last year. WellPoint, the nation's second-largest health insurer, said May 13 that three long-standing board members—Sheila P. Burke, Dr. Lenox D. Baker Jr. and Susan B. Bayh—had left the board but did not resign due to disagreements or disputes with the company.
Carmel-based Mainstreet Property Group plans to build a 100-bed “health care resort” on seven
acres at 5404 Georgetown Road, according to a tax-abatement request filed with the city. The $9.25-million, 65,000-square-foot
nursing-home and assisted-living facility would feature an Internet cafe, movie theaters and restaurant-style dining with
an on-site chef, spokeswoman Kate Snedeker said. Seventy of the beds would be for skilled nursing and 30 for assisted-living
residents. Mainstreet would lease the property to a third-party operator, which hasn’t been identified. Mainstreet estimates
the operator would employ 80 people earning an average $17.30 per hour. Mainstreet is seeking a three-year property-tax abatement
that would save the company about $468,000, according to a preliminary resolution that goes before the Metropolitan Development
Commission on June 5.
Indiana University and Purdue University joined nine other members of the Big Ten athletic
conference June 1 to form the Big Ten Cancer Research Consortium. The schools intend to conduct collaborative clinical trials
to develop insights and products to treat cancer. Indianapolis-based cancer research organization Hoosier Oncology
Group will serve as administrative headquarters for the consortium. Since 1984, Hoosier Oncology Group has initiated
more than 150 clinical trials with more than 4,000 patients. “The advantage of this, particularly during a time of austerity
for research, is that we can build upon the strengths of the institutions and fortify some of the shortcomings,” Dr.
Patrick Loehrer, director of the IU Melvin and Bren Simon Cancer Center, said in a prepared statement.
Eli Lilly and Co. suffered a setback on one of its attempts to win approval for new indications for its
blockbuster lung cancer drug Alimta. The drug did not extend progression-free survival times longer than the old chemotherapy
drug paclitaxel when studied in a clinical trial of patients with nonsquamous non-small lung cancer. Paclitaxel, or Taxol,
was given to patients with two other chemotherapy agents, carboplatin and bevacizumab. Alimta was given to patients along
with carboplatin. Alimta had nearly $2.6 billion in global sales last year, but its rate of growth slowed to just 5 percent.
Lilly hoped a new indication would reignite Alimta growth rates, helping it offset revenue Lilly will lose in the next year
as patents on its drugs Cymbalta and Evista expire. Alimta, by contrast, has patents that will likely extend its life through
2021.
St. Vincent Health will lay off an unspecified number of employees across its 22-hospital network by June 30 in a cost-saving move the hospital blamed on Obamacare, cuts to Medicare reimbursement, and lower-than-expected volumes of patient procedures. Indianapolis-based St. Vincent, which is the second-largest hospital system in Indiana, employs nearly 18,000 workers. The Catholic organization is the sixth-largest employer in the state. St. Vincent spokesman Johnny Smith on May 23 declined to give an estimate of the number of people who will lose their jobs in the restructuring, saying St. Vincent executives had more work to do to discern which positions to eliminate. He said the job losses would be among both permanent workers and contract employees. He also said St. Vincent will look for expense reductions in its administrative functions, supply purchasing, and programs and services. He said he could not provide specific examples at this time. Other hospitals have been cutting expenses, too. Indiana University Health, the state’s largest hospital system, earlier this year delayed plans to expand its Methodist Hospital downtown. Also, IU Health CEO Dan Evans has said the hospital system intends to cut $1 billion—or more than 20 percent of its expenses—over the next four years, which would likely include staff reductions. Also, Community Health Network has cut out more than $100 million in annual expenses since 2009. It hopes to trim out a total of $300 million by 2015.
Indianapolis-based WellPoint Inc. was one of 13 insurers selected to participate in California’s state health exchange, according to Bloomberg News. The selection is important for WellPoint, because the exchanges are likely to become the most common way its large numbers of individual and small-business customers buy insurance in the future. While the premiums the insurers will charge vary widely depending on a person’s location and income, the director of the exchange said May 23 that premium increases will be less than the 30-percent jump projected by consulting company Milliman Inc. However, few other states have followed California in having the state government be an “active purchaser” of health plans, which may help hold down premiums more than in other states’ exchanges.
Eli Lilly and Co. signed its fourth deal in the past year with a company to help it produce companion diagnostics to accompany its experimental drugs. On May 23, Denver-based Corgenix Medical Corp. announced that it would collaborate with Indianapolis-based Lilly for diagnostic tests to identify the patients most helped by Lilly’s experimental cancer drugs. Financial terms of the deal were not disclosed. Nearly a year ago, Lilly inked a deal with Massachusetts-based PrimeraDx to develop companion diagnostics for cancer and other types of drugs. Then in January, Lilly signed on to a similar arrangement wth Dako, a Denmark-based unit of California-based Agilent Technologies Inc. And in February, Lilly said it was expanding its partnership with Germany-based Qiagen, N.V., to develop companion diagnostics for all kinds of drugs. Qiagen already helped Lilly and New York-based Bristol-Myers Squibb Co. develop a test to identify subsets of patients that benefit most from the cancer drug Erbitux.
Dr. Thomas Lahr, a family physician, has joined the Franciscan Physician Network and Martinsville Family & Internal Medicine. He received his undergraduate degree in chemistry at IUPUI, as well as a master’s in physiology and a medical degree from the Indiana University School of Medicine.
Pamela Phillips, a psychologist, has joined the outpatient behavioral health services division at Franciscan St. Francis Health. Phillips recently completed a post-doctoral fellowship in clinical neuropsychology at the Indiana University School of Medicine. She received her undergraduate degree in psychology at Mercer University in Macon, Ga., and earned a master’s and a doctorate in clinical psychology at the Argosy University/Georgia School of Professional Psychology.
Dr. Jason Cheng-En Sea has joined Wishard-Eskenazi Health in the urology department. He obtained his medical degree from the University of Calgary, Alberta, Canada.
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These higher rates Co. e about only because physicians are now hospital employees. otherwise physicians couldn't charge these rates and share the windfall with the hospital. Community/rural hospitals probably not buying physicians practices and thus weren't getting the windfall anyway.
The incentive for poor people to get themselves off public assistance and "no longer be poor" is even with help...they're STILL POOR! Being poor, even with some assistance, isn't all that pleasant. (I speak from experience) It's a stubborn myth that poor people, who are on public assistance, are sitting in the lap of luxury. You should try living on just those "freebies" that you mentioned and see how meager they actually are. By the way, I didn't mean you had to buy/own a puppy...just pet one. :)
As near as I can tell the minority has ZERO constitutional obligation to offer a quorum to the majority. A requirement for quorum was inserted into the constitution so that tyrannical majorities could not simply shove through odious and objectionable legislation (which is exactly what they did.) By allowing a tyrannical majority to charge fines against the minority for exercising their constitutional prerogative to deny quorum the court as made a mockery of constitutional governance in the state of Indiana.
The voters elected the Reps to make a vote not walk out on the vote. They had to the right to exercise their opinion and vote "no" to the bill. Let me ask you this if you walked out of your job for 5 straight weeks would you get paid? Would you even have a job to go back to? If any elected official walks out on the people they should be arrested for stealing tax dollars from the public. They were elected to do a job and not leave when the job gets stuff.
I have been to several of their locations in Pennsylvania and always go in for 1 item and leave with a basket full of things. I'm very happy they decided on Indiana, now if only they would put the other store in eastside.