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Lilly plans expansion of local insulin plant

J.K. Wall
October 30, 2012
Keywords
Eli Lilly and Co., Health Care, Health Care & Insurance, Health Care & Life Sciences, Health Care Businesses, Life Science & Biotech
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Eli Lilly and Co. will expand its Indianapolis manufacturing operations for the first time in more than two decades, the company announced Tuesday.

The Indianapolis-based drugmaker said the "multi-million" expansion will allow the plant to make insulin cartridges to meet what it describes as growing demand in the United States.

Lilly did not offer details about the expansion or say whether it  include new jobs.

U.S. sales of Lilly’s insulins, Humalog and Humulin, fell in Lilly’s most recent quarter by 2 percent and 7 percent, respectively. Lilly officials said the products were losing market share in the first half of the year after a large third-party payer removed Lilly’s insulins from its formulary.

Also, a contract Lilly had with Wal-Mart Stores Inc. to supply insulin for its ReliOn brand was terminated.
 

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  1. Steak and Shake USED to be a good place to eat, but the now empty parking spaces tell the story of Poor Service, Declining quality of food and just more gimmicks and rear cooking....I used to be a customer, but no more...won't be back...to many other Good Places to eat in INDY...

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  4. A couple of thoughts on some of the information presented here from someone with a bit of experience in this area: First, Does anyone remember a time in the past 35 years when insurance premiums DIDN'T increase? They increase every year. The more rigorous rate review requirements of the Affordable Care Act (effective in 2011) have likely caused those increases to moderate as they have averaged below 10% for the past few years, down from much higer averages in prior years. Second, Oregon will operate a state-based Exchange. Recently, they were one of the first states to release their proposed (not yet reviewed by regulators)premium rates -- our first view of Exchange rates. After 2 insurers saw their competitors' rates, they pulled theirs back and re-submitted LOWER rates. In my nearly 10 years as a state insurance regulator, and two years as a federal regulator, I don't ever recall an insurer voluntarily lowering its rates. THAT'S the kind of transparency and competition the online marketplaces (Exchanges) will bring about. 3) ...and this is just a random thought: A big concern among health policy experts is the capacity of the primary care provider community to handle the happy fact that a large number of individuals will be newly-insured under the Affordable Care Act. With the system being stretched so thin for INSURED individuals, It seems highly doubtful that more than a very few "cash-and-carry" physicians will be able to survive in the new, improved healthcare system. Sally McCarty Center on Health Insurance Reform Georgetown University Health Policy Institute

  5. liek the rest of America

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