EDS plans to hire more than 100 workers at a new location in Purdue Research Park in West Lafayette, according to sources familiar with an announcement scheduled this afternoon. The exact number of jobs was not available. The Plano, Texas-based computer services firm would not comment. EDS will hire business analysts, systems and software developers […]
The board of directors of Eli Lilly and Co. has elected Michael L. Eskew, former chairman and chief executive officer of United Parcel Service Inc., as a new member. Eskew will stand for election by the shareholders at the 2008 annual meeting in April. Eskew, who served as chairman and chief executive officer of UPS […]
A large group of Bloomington doctors has reached an agreement in principle with Anthem Blue Cross and Blue Shield in Indiana that will keep the doctors in Anthem’s provider network. The agreement means Anthem customers will continue to receive discounted rates at Internal Medicine Associates, a group of 55 primary care physicians and five nurse […]
Arcadia Resources Inc. reported today that it lost $3.7 million in its third fiscal quarter, about the same as a year earlier. The latest loss was driven in part by discontinued retail clinics. But the company, which moved its headquarters to Indianapolis from Michigan last fall, stressed that cash flow from continuing operations in the […]
Anthem Blue Cross and Blue Shield and Clarian Health have formed a partnership to serve Indiana’s Medicaid recipients. The new agreement means Medicaid participants can go to one of Clarian’s five hospitals in the Indianapolis area, as well as LaPorte Hospital and Bedford Regional Medical Center. Anthem oversees health benefits for 123,000 Medicaid patients in […]
Paul Gresk, the bankruptcy trustee overseeing the liquidation of Winona Memorial Hospital, is pushing for a showdown in court
to prove his claims that Winona’s former owner, Leland Medical Centers Inc., illegally transferred more than $4 million out
of Winona.
It could be another Prozac moment. Eli Lilly and Co. is pitching its next star antidepressant drug, Cymbalta, for approval to treat the poorly understood pain of fibromyalgia. Regulators OK’d a drug specifically for fibromyalgia for the first time in June. The approval of Pfizer Inc.’s Lyrica sparked hope in fibromyalgia patients and advocates that more doctors will come to understand and diagnose the tricky condition, now that they have a medicine to treat it. That’s what happened 20 years…
Eli Lilly and Co. hopes to extend the life of its best-seller Zyprexa with a potentially lucrative, long-acting form of the antipsychotic drug. But first, the Indianapolis-based drugmaker must win over a panel of medical experts convened by the U.S. Food and Drug Administration on Feb. 6.
Three months after launching an initiative to boost drug-development firms in Indiana, officials at BioCrossroads have written
a report that attempts to show in detail the vast market opportunity they see.
A contract dispute between health insurer UnitedHealthcare and hospital system Community Health Network could upset coverage for thousands of Hoosiers. The two organizations are still in “active negotiations” and are “optimistic that a mutually beneficial agreement can be reached,” according to a joint statement they issued late Friday afternoon. The statement said UnitedHealthcare’s contract with […]
Eli Lilly and Co. closed out 2007 with a strong increase in sales and profit. But it had to spend a lot to do it. Even as the Indianapolis-based drugmaker’s sales rose 16 percent in its fourth quarter, its selling, marketing and administrative expenses grew even faster: 23 percent, according to an earnings report issued […]
Eli Lilly and Co. profit grew 10 percent in the fourth quarter, to $986.4 million, on the strength of sales for its newer products. Sales of drugs including Cymbalta, Cialis, Alimta, Byetta and Forteo – all launched this decade – grew 30 percent in the quarter. Total sales grew 16 percent to $5.19 billion. The […]
The latest shareholder lawsuit against Eli Lilly and Co. over its drug Zyprexa gets personal. The shareholders blame Lilly’s board and top brass, both past and present, for what they call Lilly’s illegal marketing of Zyprexa. In all, the lawsuit asks 18 directors and officers to pay the company for at least the $1.2 billion it has spent to settle Zyprexa lawsuits and to return all compensation they received during an unspecified period when the marketing took place. They name…
Shares of WellPoint Inc. fell 4.7 percent this morning after the Indianapolis health insurer announced strong fourth-quarter financial performance but also said it failed to attract as many new customers as it expected. The stock was trading near $75 after closing yesterday at $78.75. The Indianapolis-based health insurer added 708,000 customers in 2007, missing its […]
The Indiana Court of Appeals yesterday upheld an $8 million judgment that Conseco Inc. won against former director James D. Massey, who once was president of Merchants National Bank in Indianapolis. In the 3-0 decision, the court agreed with Hamilton County Judge Steve Nation, who declared that Massey still owed Conseco for $8 million in […]
He started his own business and has grown it 17 percent a year. Now, Indianapolis entrepreneur Jeff Medley is using his know-how to ramp up a not-for-profit autism therapy center he helped found in the summer of 2003. As president of the Verbal Behavior Center for Autism, Medley led the center’s move to a larger building near 96th Street and Keystone Avenue Nov. 1. Now the center is adding students as fast as it can hire therapists to work with…
For the last two months, two academics at Indiana University and Purdue University have been discussing how the institutions
can work together to rev up research in medicine and life sciences and, in the process, boost Indiana’s economy.
Greg Sipes likens the new executiveservices suite he and his partners opened three months ago to a BMW. Its quality is solid, to be sure, but what makes people want to drive it is its look and feel. It’s an apt comparison for the 2,500-square-foot wing of the new offices of Sipes’ behavioral health practice, Indiana Health Group. A set of boardroom-like double doors leads to a waiting room with shiny hardwood floors, dark wood paneling, plush rugs, overstuffed chairs…
WellPoint Inc. has appointed Brian A. Sassi as CEO of its consumer business unit, which includes the individual, senior and Medicaid arms of the Indianapolis-based health insurer’s operations. By Feb. 1, Sassi will replace Joan Herman, who announced in October that she planned to retire by mid-2008. Sassi was president of Blue Cross of California, […]
At the beginning of 2007, few people outside WellPoint Inc. had even heard of Angela Braly. Nine months later, Fortune magazine
named her the fourth most powerful woman in business.
