Lilly to build $470M manufacturing plant in North Carolina
Eli Lilly and Co. said it considered sites in Indianapolis and Pennsylvania but chose North Carolina for quality of life, cost of operations and geographical diversity.
John Russell
Articles
Lilly kills R&D deal in speed bump on quest to become big cancer player
The Indianapolis drugmaker quietly terminated a collaboration with NextCure Inc. after spending $40 million on an up-front fee and equity investment, and with little to show from the partnership.
Lawsuit throws spotlight on physicians’ hospital referrals
A high-stakes suit this month by the federal government against Community Health Network is raising questions about when they are proper and when they cross the line.
Indiana utilities would be prevented from shutting down coal-fired plants under new bill
The bill, sponsored by Rep. Ed Soliday, R-Valparaiso, comes as several large Indiana utilities are planning to shut down thousands of megawatts of coal-fired generating capacity in coming years in favor of cleaner or cheaper fuel sources.
Lilly adding two more insulin options to discount program
Under fire over insulin prices, the Indianapolis-based drugmaker said Tuesday morning it is introducing lower-priced versions of its Humalog KwikPen and Humalog Junior KwikPen.
Indiana life science companies raise $74 million in venture capital, down 36%
After raking in record amounts of venture capital funding in 2017 and 2018, Indiana life science companies saw funding drop last year by double-digits, while the average deal amount dipped sharply as well.
Urgent care clinics adopt retail approach
Upscale, fast service, with lots of consumer touches: It’s a growing model for retail health care in Indiana and around the nation.
$1.1B acquisition would give Lilly more skin in immunology game
Analysts have said that Dermira’s lead pipeline product, lebrikizumab, has the potential to be the best in class among a wave of similar antibodies to treat eczema.
Assembly Biosciences moves HQ from Carmel to California
The eight-year-old biotech startup is developing treatments for gastrointestinal disorders, and last year hired a new CEO. It’s unclear how many employees remain in Indiana, or how much longer the company will keep a local office.
Cook Medical wins new trial in product lawsuit after judge admits he erred
The judge vacated a $3 million jury award against Cook Medical, saying a Georgia woman who sued the Bloomington-based device maker “did not have overwhelming evidence” to show the company’s implanted blood-clot filter was defective or caused her injuries.
Feds accuse Community Health of submitting false claims to Medicare
The Justice Department said the financial arrangements were outlined in a whistleblower suit brought by Thomas Fischer, who served as Community Health’s CFO from 2005 until his sudden exit in 2013. In a separate suit, Fischer claimed he was fired in retaliation for questioning possibly illegal practices.
Lawmakers roll out bills on out-of-network billing, hospital prices, tobacco products, more
A bill that tries to address surprise out-of-network fees was among several health care-related measures proposed Monday by Indiana lawmakers during the first day of the General Assembly.
Lilly wins another patent infringement case over cancer drug Alimta
Alimta is Lilly’s third-best-selling drug, with global sales of $2.1 billion last year. The court ruling stops a Canadian competitor from launching a generic version of the drug before its patent expires in 2022.
Big Woods in Nashville closing for updates to menu, decor
The new menu will feature new twists on old dishes, such as meatloaf and fried chicken, and the decor will get a freshening-up, although there are no plans to expand seating.
Top 10 stories for 2019 in Indiana health care and life sciences
The year didn’t feature any hostile takeovers or huge disasters. But a lot of companies made big strides in 2019, including Eli Lilly and Co., Corteva and Elanco. And many rejoiced when Washington ended a 2.3% tax on thousands of medical devices.
Upscale steakhouse with Indiana pedigree to open downtown
It will be the third Indiana location for Fort Wayne-based Eddie Merlot’s, which plans to take over space in one of downtown’s oldest buildings vacated last year by Red the Steakhouse.
Medical device tax is history, ending years of frustration for Indiana companies
The repeal ends a 2.3% tax on thousands of medical devices, from stents and catheters to pacemakers and MRI machines. Indiana is home to 155 device-makers, ranging from small metal shops to multibillion-dollar manufacturers.
To raise cash, Lilly Endowment unloads more Eli Lilly stock
For the Lilly Endowment, a good year means it’s time to cash in.
Anthem shoots down speculation over physician practices
CEO Gail Boudreaux’s recent comments at a health care summit dampened speculation that Anthem might create its own physician group, something the insurer tried unsuccessfully two decades ago.
South Bend company to open second psychiatric hospital in central Indiana
Neuropsychiatric Hospitals LLC said it is developing a 64-bed hospital in Greenwood that will serve patients with complex medical and psychiatric condition.