Elevance Health to make $11.9M expansion in Indianapolis, add 230 jobs
Elevance said it plans make its investment at two locations: its headquarters at 220 Virginia Avenue and another site at 4740 Victory Lane on the southeast side.
John Russell
Articles
Insurer-provider contract impasses leave many patients without care
Indiana physicians are keeping an eye on the trend of large insurers dropping medical practices from their networks, which they call a classic case of David versus Goliath.
Cook Group sues Lloyd’s of London underwriter for refusing to honor $10M policy
More than 6,000 people have filed claims against Cook in connection with its inferior vena cava filters, which are small, metal, cage-like devices inserted into a vein that returns blood from the lower half of the body to the heart.
Methodist Hospital to come tumbling down after IU Health opens new hospital
When the hospital opened its doors in 1908, Theodore Roosevelt was in the White House. It is being replaced by a $4.3 billion hospital project directly to the south.
Lilly seeks court ruling that could mean big money for new weight-loss drug
The Indianapolis-based drugmaker filed a suit in federal court this month, challenging the U.S. Food and Drug Administration’s ruling that the company’s experimental obesity treatment not a biological product.
Elanco’s dermatology treatment for itchy dogs gets FDA approval
Zenrelia is one of several drugs Elanco has in its pipeline that it predicts could reach blockbuster status, which in animal health means more than $100 million in annual sales.
IU, Indiana Biosciences Research Institute partner on new personalized medicine center
The Joint Center of Excellence for Point of Care Precision Medicine aims to develop better personalized care for patients with diabetes, cancer, Alzheimer’s disease and pediatric rare disease.
Corteva takes $25M stake in North Carolina gene-editing agriculture company
Corteva, the Indianapolis-based seed and crop protection giant, formed a joint venture with the startup, Pairwise, based in Durham, North Carolina, aimed at increasing crop yield for food, fuel and fiber production.
Q&A: IU Indy’s leader for new Institute for Human Health and Wellbeing got start studying mice and binge drinking
Stephen Boehm has spent decades studying addictions and binge drinking, and was longtime professor and chair of the Indiana University Indy psychology department.
Workers, employees likely to see another stiff increase in health benefits
Nationally, the average cost of employer-sponsored health plans is expected to grow 9% next year if companies don’t find ways to cut costs, according to an Aug. 15 report by professional services firm Aon.
Fishers startup prepares to go public
Four-year-old Novusterra Inc. is planning an initial public offering within 90 days and hopes to be approved to trade on the OTCQB Venture Market, often used by companies that are still developing.
Marian University unveils $150M campaign for health sciences, plans to expand med school enrollment
The university plans to launch degree programs in occupational therapy, physical therapy and other rehabilitative health care services, and expand undergraduate and graduate nursing programs, with additional locations.
Five Marion County school districts get $7.5M to help students navigate college enrollment
The Richard M. Fairbanks Foundation said the grants are part of a $14 million initiative to reverse declining college enrollment.
Lilly now selling vials of blockbuster Zepbound at 50% discount
Lilly said its new option will help millions of adults with obesity access the medicine they need, including those not eligible for the Zepbound savings card program, those without employer coverage, and those who need to self-pay outside of insurance.
MBX Biosciences files intention to go public
The five-year-old, clinical-stage drugmaker has already raised more than $213 million to develop therapeutics to treat rare endocrine disorders, a huge amount for a startup.
As AES Indiana abandons coal, capacity questions arise
If all goes to schedule, the huge power plant about 125 miles southwest of Indianapolis will convert to natural gas and burn its last load of coal by the end of 2026.
Lilly opens new 12-story, $700M R&D center in Boston
Lilly is moving about 200 scientists and researchers who had worked in nearby Cambridge, Massachusetts, to the new center, and plans to add about 300 employees.
Lilly Endowment offering up to $600M in competitive grants for Marion County K-12 schools
The Indianapolis-based philanthropic foundation said Thursday that more than 80 public, private and charter school districts and networks representing more than 300 schools in Marion County are eligible to apply for grants.
Proposed Medicare cuts put squeeze on doctors
Last month, the federal Medicare program proposed a 2.9% cut to physician pay for 2025. That marked the fifth straight year that regulators proposed cutting payments to doctors for thousands of services, from stitching a wound to replacing a knee.
AES to spend $1.1B as it converts huge Petersburg plant from coal to natural gas, adds solar and battery projects
The investment would make AES Indiana the first utility in Indiana to abandon the use of coal as a fuel source, if state regulators agree, the company said.