IU Health Foundation raises $19.1M in first full year
The new fundraising arm of IU Health said it exceeded its first-year goal by more than 300 percent, allowing it to expand its grants program statewide.
John Russell
Articles
Residents of Carmel senior community owed $52M in development’s bankruptcy
Mayflower Communities of Dallas, owner of 271-unit Barrington complex, has filed for bankruptcy after missing three bond payments and falling into default.
Indy startup Outpost Medicine draws in big money to develop drug therapies
For a startup that has raised an eye-popping $71 million in just three years, Outpost Medicine LLC likes to keep a low profile. The young company, which is developing drugs for urinary and gastrointestinal disorders, is headquartered in small, unmarked space at the Parkwood Crossing office complex on East 96th Street. It has issued only a […]
Lawmakers to examine health, environmental issues of huge livestock farms
A hearing on the bill will look into whether the Indiana Department of Environmental Management has enough power to regulate massive farms where animals are confined. Health and environmental experts say the state needs more regulatory power.
Elanco shares dip after Lilly says it will divest big stake
Greenfield-based Elanco spun off from Lilly last fall after 53 years. The former parent company still owns 80.2 percent of Elanco stock but has announced a program to unload it.
Q&A with spine surgeon Rick Sasso, who won $112M court judgment
Dr. Sasso, president of Carmel-based Indiana Spine Group, had charged that the giant medical device maker Medtronic had shortchanged him on royalties.
Cook Medical ordered to pay $3M to patient hurt by blood filter
The Bloomington-based maker of medical devices said Wednesday it would appeal the verdict of a federal jury in Indianapolis, which found the device was defectively designed. More than 4,000 patients have filed lawsuits.
In long and twisting journey for anti-inflammatory drug, Lilly touts upbeat results
The Indianapolis drugmaker said the drug, baricitinib, proved effective in treating adults with a severe form of eczema. It’s the latest turn for a drug that has had repeated setbacks.
Kinetrex Energy spending $4M to modernize plant, increase capacity
The Indianapolis-based company supplies natural gas that is chilled into liquid form for transportation, agriculture, manufacturing and utility customers.
Community’s new east-side digs feature big ER, modern amenities
When the $175 million hospital opens in stages over the next two weeks, patients and visitors will see a major upgrade in facilities.
For hospitals, babies are big business
For hospitals, maternity care builds relationships with young families that often last for decades. About 40 percent of women experience their first encounter with hospitals for reproductive services.
Jobs in limbo as St. Vincent buys out partner in neighborhood hospitals
The Indianapolis-based health system has agreed to buy out its joint-venture partner in the five small hospitals, which began popping up in central Indiana two years ago. St. Vincent did not comment on how many jobs could be affected.
Health care systems increasingly allowing patients to rate doctors
Indiana University Health and Community Health Network have joined the national trend of posting online reviews, in a quest to win prospective patients and boost transparency.
Indiana life-science companies raise record $115M in venture capital
In all, 35 companies raised venture funding across a wide spectrum of products from medical devices and biotech therapies to software and information services.
Promising Lilly cancer drug fails in disappointing trial, shares fall 3 percent
Analysts had predicted that Lartruvo could eventually ring up as much as $600 million in annual sales. Eli Lilly and Co. now says it will suspend promotion of the drug.
Lilly wins national award for advancing women in the workplace
The Catalyst Award recognizes companies that excel in addressing recruitment, development and advancement of women. Today, nearly half of Lilly's senior leadership is female, up from 20 percent four years ago.
Fast-growing Activate Healthcare acquired by Denver firm
The Indianapolis-based provider of health clinics for businesses has grown to 250 employees in 10 years. But it recently started looking for another owner.
Fast-growing DoubleMap, maker of transit software, merges with Utah company
The Indianapolis company, formed in 2009, makes apps that allow users to track buses in real time and hail rides on demand. It is merging with Ride Systems LLC to gain more users and build market share.
Lawmakers to consider more oversight of pharmacy-benefits middlemen
Two bills going through the Indiana General Assembly would give the state more tools to scrutinize the powerful pharmacy-benefits managers who negotiate drug prices and help set customer prices.
Indiana lawmaker wants to bring back hospital ‘certificate of need’ process
State Sen. John Ruckelshaus said too many new hospitals, especially in small wealthy clusters, might be driving up the cost of health care. He said his bill was prompted by a recent effort by St. Vincent to rezone a 30-acre site in Carmel.