IU medical school lands record $243M in NIH funding in 2023
The Indianapolis-based medical school ranked 29th in the country for landing funding from the National Institutes of Health.
John Russell
Articles
Indiana suspends insurance broker for receiving Anthem’s confidential info from brother
Alan Sword, who sold Medicare Advantage plans on behalf of Anthem, was suspended in an emergency order issued Jan. 30 by Amy Beard, commissioner of the Indiana Department of Insurance.
Lilly stock surges on analyst’s ‘$1 trillion club’ comment
Shares in the Indianapolis-based drugmaker are setting new records almost every day, due to investor excitement over the company’s new drugs for obesity and diabetes, two health conditions that plague America.
Restaurants, shops fill up Saturday with All-Star crowds after light start to weekend
It was a good turnaround from the previous night, when a snowstorm hit the city and kept the turnout lower than expected.
‘It was kind of chaotic.’ More than 1,000 waited over an hour to enter NBA fan experience.
The Rob Klepper family from Brownsburg was among more than 1,000 people caught in the extended line, an IBJ reporter estimated. By 4:30 p.m., organizers were able to clear the logjam and get people inside.
With overhaul looming, organ network pushes to reduce wait times
The Indiana Donor Network, which serves 85 of Indiana’s 92 counties, is booming with a record number of registered donors and transplanted organs.
Companies hope to turn All-Star fans into customers with retail pop-ups, activation sites
Dozens of companies will be promoting their brands and rolling out new merchandise at NBA All-Star Weekend events, including Under Armour, AT&T, Google, Kia, Starry, Lids, State Farm, Converse and Skims.
Israeli firm joins local isotope rush, signs builder for Westfield factory
An Israeli company has firmed up plans for a new isotope manufacturing plant in Westfield in what is becoming a scramble in a red-hot local market for nuclear-medicine facilities.
As Lilly stock skyrockets, endowment gifts surge
In recent weeks, the Indianapolis-based philanthropy has been unveiling a flurry of gifts at the $100 million level or higher.
In latest expansion move, Marathon Health merges with Denver-based company
Indianapolis-based Marathon said the merger will extend services to 2.5 million eligible patients and more than 630 U.S. employer and union-sponsored clients.
New Indiana partnership focuses on reducing health care costs, improving workforce health
Several Indiana employers, universities and health care organizations have launched the Indiana Business Health Collaborative, a new partnership that wants to improve Indiana’s health profile through private-sector solutions.
Lilly sees fourth-quarter profit jump 13%, with strong demand for Mounjaro and Zepbound
The Indianapolis based drugmaker posted net income of $2.19 billion for the quarter. Excluding nonrecurring items, adjusted earnings per share of $2.49 beat the FactSet consensus of $2.30.
Inari raises another $103M for gene-editing technology, but legal dispute looms with Corteva
The Boston-based biotech company with large operations in Indiana has raised more than a half-billion dollars over its eight-year history.
Elanco to sell aqua business to Merck for $1.3B
Elanco Animal Health said it has agreed to sell its aqua business to Merck Animal Health, a move that allows it to pay down some of its debt load and invest in new pipeline products.
With its triple-tax benefits, the humble HSA emerges as a retirement savings powerhouse
Increasingly, benefits brokers and personal-finance experts are advising people use cash to pay for health care and investing the HSA funds for decades.
NBA weekend could be All-Star shot for downtown
Brokers are filling vacant retail spaces with corporate parties, personal events and an assortment of fan-focused pop-ups. They hope the crowds will want to return later for a fun night, a nice dinner or even office or residential space.
IU, Lilly roll out co-op partnership to address Indiana’s workforce shortage
The partnership will connect undergraduate students and degree programs from the IU Indianapolis campus with opportunities at Lilly, such as finance, human resources and information technology.
BioCrossroads names Vince Wong as new CEO of Indy life sciences group
Wong’s appointment comes just a few weeks after BioCrossroads released a report warning that Indiana’s life-science sector is starting to lag the nation in growth and market share and will require a focused effort to stay competitive.
Indiana’s health care and life sciences sector sees VC funding drop 54% in 2023
Thirty-four Indiana companies landed $287 million in venture capital in 2023 to help finance a wide array of technologies, from medical isotopes to stem-cell therapies, according to BioCrossroads, an Indianapolis-based group that promotes and invests in the state’s life sciences sector and tracks the funding.
Lilly factory in New Jersey comes under more federal scrutiny
Lilly said it was working closely with the FDA and the “situation does not affect the quality, safety or supply of any current or planned Lilly products in the marketplace.”