Lilly bets billions on focus on cancer drugs
Long a leader in diabetes and neuroscience drugs, Eli Lilly and Co. is pushing hard and spending record sums to turbocharge its oncology business, potentially a huge growth area.
John Russell
Articles
Indiana Biosciences Research Institute’s top exec steps down, citing health problems
Dr. Rainer Fischer is giving up the roles of CEO and chief scientific officer, but will continue as senior executive for innovation and discovery.
Lawsuit challenges Indiana ban on getting eye exams, glasses online
Nearly 40 states allow patients to get their eyes tested and glasses prescribed online, but Indiana’s 2016 telemedicine law bans such practice here.
Indiana House defeats proposed moratorium on new power plants
The House voted 53-38 Thursday to strip language that would have prohibited the state from approving new power plants for two years, a move widely seen as delaying construction of renewable energy projects.
Pharmacy owner found guilty of manufacturing over-potent drugs sold to hospitals
Paul Elmer, former owner and CEO of Pharmakon Pharmaceuticals in Noblesville, was convicted in federal court of nine counts of adulterating drugs and one count of conspiracy. He was acquitted of an additional count of obstruction of justice.
Once a rising star, Wellfount collapses with little warning
The company raised about $50 million and had big plans for its product, Redbox-style vending machines in nursing homes that dispensed medicines for patients.
Marion County syringe-exchange program ready to hit the road
County officials unveiled a mobile health unit that will visit neighborhoods hit hard by hepatitis C and offer health screenings and clean needles in the latest tactic against the opioid epidemic.
Butler pharmacists develop tool to guide insurers on drug formularies
Seeking to reduce delays and endless paperwork, Butler’s College of Pharmacy developed a database to help the Indiana Department of Insurance make sure insurers are covering the right drugs.
Indiana Republicans push for moratorium on new power plants
The House Utilities Committee advanced legislation this week along party lines that would prohibit state regulators from approving any large new power plants until 2021. Environmentalists and utilities say the move could interrupt the transition from coal to renewable fuels and natural gas.
Battered insurer MDwise readies for turnaround
The CEO who took charge last summer of the Indianapolis company that provides health insurance, food, career help and other services to low-income people acknowledges he has a big job ahead.
State electric plants pivoting away from coal
The industry is retiring coal-fired plants in favor of cheaper energy sources, including gas, solar and wind.
Lilly opens the checkbook for another big biotech deal
The Indianapolis-based drugmaker could spend more than a half-billion dollars under a licensing deal with ImmuNext of New Hampshire to identify and commercialize a new antibody for immune diseases.
Fast BioMedical achieves clinical endpoints with plasma technology
The Carmel startup said its midstage clinical trials met key objectives, an achievement that will it allow to continue developing a technology that measures blood volume and kidney function.
Ex-employees to testify exec knew drugs were dangerous
Paul Elmer, who founded Pharmakon 16 years ago and shut it down three years ago, faces charges of adulterating compounded drugs, conspiracy and obstructing a U.S. FDA investigation.
Under growing pressure, Lilly reveals insulin price data for first time
The Indianapolis-based drugmaker said it price for the popular insulin Humalog—after discounts and rebates—fell 8 percent over the past five years, even as list prices skyrocketed.
Legislation would increase physical therapists’ autonomy
A bill advancing through the General Assembly would allow PTs to be regulated by their peers, a move that would remove much of the medical hierarchy from the process.
Indiana American Water customers could see rates climb nearly 8 percent
The utility, with more than 300,000 customers in central Indiana, announced a settlement agreement Tuesday with consumer groups.
South Side Landfill planning $25 million methane-conversion project
The landfill is teaming up with two energy companies to capture methane at the landfill and convert it into renewable energy. The partnership is seeking a tax abatement on the project.
Indiana to get 162 medical residents from state’s two med schools
Nearly 500 fourth-year medical students from Indiana University School of Medicine and Marian University College of Osteopathic Medicine got “matched” Friday with a residency program, and many of them will stay in Indiana to complete the next phase of training.
Obesity rate climbing in Indiana, new study says
A report from the Richard M. Fairbanks Foundation says one in three Hoosiers is now obese, up from one in five about two decades ago.