Lilly’s quarterly profit tumbles, but tops Wall Street estimates
Patent expirations on Gemzar and Zyprexa contributed to the 27-percent earnings decline, but CEO John Lechleiter touted better-than-expected sales of other products.
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Patent expirations on Gemzar and Zyprexa contributed to the 27-percent earnings decline, but CEO John Lechleiter touted better-than-expected sales of other products.
Symmetry Medical Inc.’s former CEO will return $450,000 in pay and stock proceeds to resolve U.S. Securities and Exchange Commission claims that he profited from accounting fraud by a United Kingdom unit.
The Indiana Senate has approved a bill to prohibit state universities from setting mandatory retirement ages for school administrators.
Indiana Gov. Mitch Daniels signed a law Monday giving prosecutors more tools to battle human sex trafficking ahead of this weekend's Super Bowl.
Legislators on Monday broadened a proposal aimed at allowing Indiana's public schools to teach creationism in science classes to require that such courses include origin-of-life theories from multiple religions.
The lawmaker-testing proposal is part of a bill that would mandate Indiana's welfare recipients take drug tests before receiving any assistance.
The Indianapolis City-County Council voted in favor of an expanded public smoking ban Monday night. Members voted 19-9 in favor of expanding the citywide ban to include bowling alleys, hotel rooms and most bars.
An 82-year-old downtown commercial building that’s had trouble luring tenants is suddenly positioned to thrive courtesy of an $85 million mixed-use project planned for a site right across the street.
A state program created to help Indiana residents avoid foreclosure by providing them with 10-year loans is seeing few takers even though the state's foreclosure rate is among the highest in the nation.
The average price for a ticket to the Feb. 5 game at Lucas Oil Stadium in Indianapolis fell to $3,982 on Monday, down from $4,311 since Jan. 27.
After 15 years of increasing yelps from primary care doctors, WellPoint Inc. is finally launching a plan to pay more for the family doctor’s time. The Indianapolis-based health insurer said Jan. 27 that it will increase the fees it pays to primary care specialists and even start paying for such services as crafting care plans for patients with complex medical problems. It also will offer doctors an opportunity to share in some savings when better patient care leads to a reduction in costs. An example of what WellPoint has is mind is paying doctors to take the time to coach overweight patients who have diabetes to develop an exercise plan and then making sure they stay on it. "It makes the physician the kind of physician their patient wants them to be," Jill Hummel, WellPoint's vice president of payment innovation, told the Associated Press. WellPoint reasons that by spending more at the primary care level, it can cut down on emergency room visits and hospital admissions—which are the most expensive types of care. Primary care doctors say low reimbursement rates force them to cram as many patient visits as possible into a typical day in order to make enough money to stay afloat. That keeps them from spending more than a few minutes with each patient. For a time, physicians made extra money by starting their own imaging and diagnostic centers. But health plans—both governmental and private—sharply curtailed payments to physician-owned facilities, sharply curtailing that source of revenue.
The third time’s a charm. California-based Amylin Pharmaceuticals Inc. and Massachuetts-based Alkermes Inc. succeeded in their third attempt to gain U.S. clearance for Bydureon, a once-weekly version of Amylin’s Byetta diabetes shot. The companies had been developing Bydureon with Eli Lilly and Co. until November. But Indianapolis-based Lilly broke off its partnership with Amylin after the two companies feuded over Lilly’s agreement to sell a competing diabetes medicine with Germany-baseed Boehringer Ingelheim GmbH. Amylin also agreed to make a one-time payment of $250 million to Lilly and to pay as much as $1.2 billion in royalties based on future sales of Bydureon and Byetta. In the meantime, Lilly is working to develop its own version of Bydureon, which is called dulaglutide. In 2010, Byetta produced revenue of about $700 million for the two companies, but its market share had been dented significantly by a once-daily version of the medicine, called Victoza, which was launched in 2010 by Denmark-based Novo Nordisk A/S.
Actress Florence Henderson—better known as Carol Brady from “The Brady Bunch”—will star in a series of advertisements for American Senior Communities LLC, an Indianapolis-based chain of nursing homes and long-term care facilities. The campaign will debut statewide this week in television, radio and print. Henderson, a native of Dale, currently hosts “The Florence Henderson Show” on Retirement Living Television and recently released her autobiography, “Life is Not a Stage.” Henderson previously served as a spokeswoman for Oldsmobile, Polident, Tang, Rain Soft, Pepsi and Wesson Oil. The advertising campaign was created and produced by Indianapolis-based marketing firm Bohlsen Group.
Kellie Hanner, a registered nurse, has been appointed chief operating officer at the Indiana Organ Procurement Organization. She joined the agency in 2000 as an organ recovery coordinator and was promoted to manager of the organ services department before becoming director of tissue service.
Dr. Linda Han has been named professor of clinical surgery at the Indiana University School of Medicine and director of the Indiana University Melvin and Bren Simon Cancer Center Breast Surgical Oncology program. Before joining the IU medical school faculty, Han practiced at St. Ann’s Hospital in Westerville, Ohio. Han received her bachelor’s degree and her medical degree from Indiana University.
Purdue University’s new Innovation and Commercialization Center is supposed to be a one-stop shop for professors to get help developing their research into products and for outside investors to find out what research is taking place there.
Former Indianapolis Colts Coach Jim Caldwell plans to join the Baltimore Ravens as quarterback coach, according to an ESPN report. Colts owner Jim Irsay and new General Manager Ryan Grigson fired Caldwell on Jan. 17. Ravens defensive coordinator Chuck Pagano was hired last week as Caldwell’s replacement.
Eight people escaped a house fire early Monday in the 5100 block of West Southern Avenue. Wayne Township firefighters took about 10 minutes to extinguish the blaze, which broke out about 2 a.m. A father, his six children and another child who was spending the night made it out safely, but the home suffered heavy damage. A cause is being investigated.
The Indianapolis City-County Council is set to vote Monday night on a proposed smoking ban with new exemptions, but the measure could face a veto from Mayor Greg Ballard. The proposed ban would exclude off-track-betting facilities, tobacco stores, hookah bars and some private clubs. The sticking point is an exclusion that would prevent clubs from allowing smoking if they also allow children on the premises. Ballard said he wants that restriction removed because it would hurt military veterans’ clubs that host youth events.
Despite doubts from the NFL and national media about Indy's ability to host a big-time Super Bowl, the city so far is blowing away expectations.