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Articles

Analysts grill Lilly execs on strategy after setbacks

October 21, 2010

Wall Street analysts on Thursday demanded to know what new things Eli Lilly and Co. is planning since the company’s vaunted pipeline has failed to produce a drug that will boost revenue after a wave of patent expirations. The answer: Not much.

Lilly raises forecast after beating third-quarter profit estimates

October 21, 2010

The Indianapolis-based drugmaker reported a profit of $1.3 billion in the quarter ended Sept. 30, up 38 percent compared with last year. Excluding extraordinary items from a year ago, Lilly’s profit was up 2 percent.

State getting $25M to clean up old GM sites

October 20, 2010

Indiana will benefit from a $25.2 million environmental trust established to clean up and redevelop eight former General Motors plants throughout the state, officials said Wednesday.

IU shrink explores mental health blood tests

October 12, 2010

Dr. Alexander B. Niculescu, a psychiatrist at the IU School of Medicine, has won a five-year, $1.5 million grant from the National Institutes of Health to hunt for the presence of certain proteins in the blood that would indicate that a patient suffers from a mood disorder, which afflicts one in five Americans.

Company news

October 12, 2010

There’s a leadership change in progress at Prosolia Inc., an Indianapolis company launched out of Purdue University in 2004. Veteran life sciences entrepreneur Peter Kissinger has stepped down as interim CEO and will be replaced by Prosolia’s research director, Justin Wiseman. Wiseman also will fill the role of president, which was vacated by the recent departure of Kevin Boscacci. The company said Boscacci, who helped launched Prosolia as an MBA student at Purdue, left “to pursue other opportunities.” Prosolia’s technology helps measure mass and therefore identify large, complex molecules for pharmaceutical and other industries.

California-based life sciences firm Beckman Coulter Inc. is planning its third local expansion since 2007, investing $18.2 million in its Indianapolis operation and adding as many as 95 jobs here in the next three years. Beckman Coulter, which makes biomedical testing equipment, plans to begin hiring manufacturing associates immediately for its facilities at 5355 W. 76th St. and 5550 Lakeview Parkway. It also will add employees in field service, engineering and general business roles.

Purdue University and Bloomington-based Cook Biotech Inc. prevailed in a European patent dispute over a tissue graft. Denmark-based ScanVet, which distributes the Acell Vet graft, has now run out of time to appeal previous decisions in favor of Purdue by the Danish patent office and patent appeals board. The patent lies behind some of the Cook Biotech products manufactured at the Purdue Research Park in West Lafayette. The grafts are used to heal wounds and as implants in surgical procedures.

Centerstone Research Institute in Bloomington won a four-year, $2 million grant from the Substance Abuse and Mental Health Services Administration. The grant will fund improved health care services for 250 adults who have been diagnosed with a serious mental illness by expanding primary health care and Centerstone of Indiana’s Bloomington clinic. The project is designed to give individuals who have been diagnosed with a serious mental illness broader access to a team of primary care doctors and nurses, as well as mental health staff.

WellPoint, other insurers’ stock buybacks concern investors

October 12, 2010

Indianapolis-based WellPoint Inc. and competing U.S. health insurers approved $10 billion in stock repurchases in the past year, a concern to investors who say buybacks failed to increase share prices and who want more spent on dividends.

Excellence in Health Care: Past Recipients

October 11, 2010

Previous winners are not eligible for nomination, but previous finalists may be nominated. 2025 Excellence in Health Care Career Achievement Award Dr. William Goggins Community Achievement iHEART Collaborative The Restoracy Transplant Optimization Program Physician Dr. Nasser Hanna Pharmacist Dawn Moore Innovations in Healthcare Community Heart and Vascular Hospital Electrophysiology Program Intersurgical Inc. Mental Health Advocacy […]

New Purdue smoking policy sparks complaints

October 11, 2010

The policy limits smoking to 22 designated areas across campus, where on at least a couple occasions overfilled receptacles have caught fire.

Some examples of gutlessness

October 7, 2010

Morton Marcus is right when he says [in the Sept. 13 issue], “Gutless government avoids political risk.” I just differ with him on which items on the list of government activities, or lack thereof, constitute such “gutlessness.”

WILLIAMS: Rebuilding a sustainable Indianapolis

October 7, 2010

Rather than simply building and repairing streets, sidewalks, bridges and parks, ratepayers and taxpayers should demand that these projects set standards for construction in Indianapolis by reusing or recycling materials, using environmentally friendly products, and designing public spaces to encourage physical activity.

Records – Oct. 11, 2010

October 7, 2010

Records listings from the Oct. 11, 2010, issue of IBJ.

Health care reform boosts business for consultants

October 7, 2010

John Gause has grown the size of his benefits brokerage and consulting firm by more than half this year for one big reason: health care reform. He needs more hands on deck because his clients–employers–are facing a raft of new regulations with which they must comply.

People

October 5, 2010

Dr. John Cummings has been named medical director of neurosurgery for Community Health Network. Cummings, a neurosurgeon at Community for more than 20 years, did his training at the Indiana University School of Medicine.

The IU Medical Group added two internists. Dr. Rebecca Lindberg earned her medical degree at Baylor College of Medicine in Houston and completed her residency at the IU School of Medicine. Dr. Laura Nelson did her medical training and residency at the IU medical school.

Forethought Financial Group Inc. named Ronald Ziegler chief actuary. He will oversee product development, financial reporting, and risk management at the Indianapolis-based life insurance company. Prior to joining Forethought, Ziegler spent 22 years at Transamerica/AEGON Insurance Group.

Dr. Jeffrey Kellams was installed as the 137th president of the Indianapolis Medical Society on Tuesday. He is a professor of clinical psychiatry at the IU School of Medicine, chief of psychiatric services at Wishard Health Services and medical director of the Midtown Mental Health Center in Indianapolis.

Dr. Tracy Price has joined Central Indiana Cancer Centers, providing radiation oncology services at its Fishers, Greenfield and Greenwood locations. Price did her medical training at the IU School of Medicine.

Dr. Eriko Onishi has joined St. Vincent Hospice to lead its effort to set up electronic medical records for physicians. Dr. Onishi, a native of Japan, is an internist specializing in terminal cancer. She previously served as a hospice medical director in Columbus, Ind.

Reform will boost health care costs, Indianapolis panel predicts

September 29, 2010

Health care watch videoRising costs aren't the only impact of reform, say panelists taking part in a Power Breakfast sponsored by Indianapolis Business Journal.

Health reform forces providers, insurers to lay aside rivalries

September 29, 2010

In this new age of health care, ushered in by President Obama’s signing in March of a sweeping health care reform law, health care players are encouraged to remove the gloves if they want to reap the benefits of reform.

Company news

September 28, 2010

Indianapolis-based Adult and Child Center won $2 million from the federal Substance Abuse and Mental Health Services Administration to improve access to primary care for Americans with serious mental illnesses. Such patients die, on average, 25 years earlier than those without such conditions, according to a 2006 report by the National Association of State Mental Health Program Directors. During the four-year project, Adult and Child will have a primary-care physician and nurse care coordinator available to patients at its mental health center. The medical staff will try to address patients with mental illnesses who also suffer from chronic diseases, such as diabetes, heart disease and obesity.

A $1.9 million federal stimulus grant will enable the Indiana University School of Medicine's department of family medicine to add two residents a year in the Lafayette area. IU’s family medicine residency program currently accepts 10 doctors annually for post-med-school training as family physicians. The grant will enable the program to add two residency slots in collaboration with Clarian Arnett Health, St. Elizabeth Regional Health and Riggs Community Health Center in Lafayette. IU med school officials hope graduates of the residency program will set up medical practices in and around Lafayette, which like much of Indiana has a shortage of primary-care physicians. The expansion of the residency program will be effective in July 2011.

Lilly Endowment Inc. gave $4 million to Indiana University to help address ethical, legal and social issues involved in the growing sharing and study of health information. IU will create the Center for Law, Ethics and Applied Research in Health Information (CLEAR Health Information). The center also will partner with government, industry and not-for-profit groups in an effort to increase reliability and trust in the use of health information.

Columbus Regional Hospital is suing the Federal Emergency Management Agency to recover $17.1 million in federal funds the hospital claims it is owed due to damages caused by a massive flood. The June 2008 flood, designated a federal disaster, caused $167 million in damages and business-income losses to the hospital, which did not fully reopen until nearly five months later. The suit, filed Sept. 15 in U.S. District Court in Indianapolis, accuses FEMA of violating federal regulations, negligence and misrepresentation for failing to pay the full amount the hospital says it is owed. The flooding from nearby Haw Creek filled the hospital’s basement to the 12-foot ceiling and partially submerged the first floor. Key medical equipment destroyed by the flood included radiology scanners, radiography and fluoroscopy systems, ultrasounds, cardiac-catherization labs, biopsy tables and biochemical analyzers.

Retail roundup: Kahn’s plans new downtown store & more

September 24, 2010

We lead off today’s flush retail roundup with a new location for Kahn’s Fine Wines & Spirits. Also on tap: New local brewery chooses Fort Ben, three new restaurants, a new bakery and more.

People in the news – Sept. 27, 2010

September 23, 2010

People listings are free.

IU: Quick action may have thwarted bed bug problem

September 23, 2010

Indiana University environmental health and safety director Mike Jenson says an employee at the IU Wells Library found one bed bug on a library wall Monday.

Federal courthouse in Indianapolis slated for green roof

September 22, 2010

Plants atop the Birch Bayh Federal Building and U.S. Courthouse are expected to cut costs in long run.

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