The Indianapolis-based pharmaceutical giant said it plans to acquire ARMO BioSciences Inc., which is working on treatments that activate the immune system of cancer patients to recognize and eradicate tumors.
In Lilly’s partnership with Harvard Pilgrim Health Care, the not-for-profit insurer gets additional rebates if fewer patients using Lilly's diabetes treatment Trulicity meet blood sugar goals than expected.
Indianapolis-based HHGregg Inc. is turning to investment banks “to pursue a range of potential strategic and financial transactions" as the struggling appliances and electronics retailer battles sinking sales.
While Anthem said it was "significantly disappointed" by the judge's order and would seek an expedited appeal, Cigna said only that it "intends to carefully review the opinion and evaluate its options in accordance with the merger agreement."
The decision casts in doubt the industry's other big proposed merger—Indianapolis-based Anthem Inc.'s $48 billion bid for Cigna Corp. A ruling on the Justice Department's challenge of the Anthem deal is pending.