Home » Search

Search Results

14017 results for 'articles'

To refine your search through our archives use our Advanced Search

Drug prices rise ahead of rebates

Drug prices rose faster last year than they have in a decade—just in time for big rebates the drug industry promised
as part of the health reform law.

People

Ann M. Peraud has joined the health and life sciences practice group at the local law firm of Baker &
Daniels LLP. Peraud earned a master's degree in health administration from the University of Iowa in 2009 after graduating
from the University of Iowa College of Law and the University of Notre Dame with a bachelor of arts degree.

BioCrossroads, an Indiana life sciences advocacy organization, named four new people to its board of directors: Richard
P. Jones II, general manager at Medco Health Solutions in Whitestown; Jan Lundberg, president of
Lilly Research Laboratories in Indianapolis; Jon C. Serbousek, president of Biomet Orthopedics in Warsaw;
and Deborah L. Tanner, president of Central Laboratory of Covance Inc. in Indianapolis.

Company news

Facing the tighter restrictions of health reform at home, WellPoint Inc. wants to follow just about every
other U.S. company in seeking growth in China. WellPoint CEO Angela Braly traveled to China last week to seek out a joint
venture partner to offer health insurance to the nation’s upwardly mobile population. "If everything moves on smoothly,
we are targeting 2011 for offering health insurance services through the venture,” Braly told the China Daily
newspaper. Indianapolis-based WellPoint already has a joint venture with three other American health insuers to provide medical
management consulting to Chinese insurance companies. But with China going through its own version of health reform, private
health insurance is poised to become a popular complement to government insurance programs, according to China Daily.
China's health insurance premiums totaled $1.6 billion in the first two months of this year, according to the industry
regulator, up 34 percent from the same period last year. Such growth is enticing to WellPoint, which has been losing customers
and premiums at home.

Whew! Bioanalytical Systems Inc. gets to stay on the NASDAQ Capital Market after a recent surge kept its
share price above $1 for three straight weeks. NASDAQ had threatened in March to delist the West Lafayette-based company if
its stock price didn’t improve. The company’s shares closed at $1 apiece on March 31 and haven’t dipped
below that level since. Bioanlytical provides contract research services and monitoring instruments to drug-development companies
and medical research organizations.

After months of rumors, Roche Diagnostics finally acquired Israel-based Medingo Ltd., which has a semi-disposable
insulin patch pump that Roche hopes to couple with its blood glucose meters. Roche, which is based in Switzerland but runs
its North American business out of Indianapolis, paid $160 million for Medingo and promised various payments if the company’s
product achieves key milestones in its development and sales. The product is set to launch in 2012. Roche holds the largest
market share worldwide in devices for diabetes care, but it has been losing ground to competitors in the U.S. market.

Warsaw-based Biomet Inc. posted a $3.1 million loss in its quarter ended Feb. 28, a big improvement from
its $479 million loss in the same quarter a year earlier. Last year’s results were dampened by a $449 million impairment
charge that Biomet recorded on its dental business. But this year, the loss narrowed as sales surged 9 percent to $670 million
in the quarter, driven by a 17-percent spike in sales of knee implants. Cash flow rose 9 percent to $251 million, up from
$229 million in the same quarter a year earlier. Biomet’s financial results often are a bellwether for other orthopedic
implant companies, which report their quarterly results later this month.

Carmel-based technology firm Gemms Inc. plans to invest $2.1 million to expand its headquarters and software
development operations here, more than doubling its staff in the next five years, according to the Indiana Economic Development
Corp. Gemms, which develops electronic medical record systems for cardiology practices, has 40 employees now and plans to
add 69 more by 2015.

Hotel worker sues Colts player

A hotel employee has filed a civil lawsuit against Indianapolis Colts defensive tackle Eric Foster. The 22-year-old claims
she was working at the University Place Hotel on the IUPUI campus when Foster sexually attacked her the morning of the NFL’s
American Football Conference championship game in January. She said she reported the incident to hotel security, then called
the Indianapolis Metropolitan Police Department, which referred her to IUPUI Police. Marion County Prosecutor Carl Brizzi
decided not to pursue criminal charges against Foster. The alleged victim’s attorney said the criminal investigation
was botched.

 

Five-year-old drowns in pond

Police say they don’t expect to file any charges in Monday night’s drowning death of a 5-year-old Indianapolis
girl. Chesney Allen died at Riley Hospital for Children after she was pulled from a retention pond at 11:20 p.m. near the
4300 block of 10 Oak Drive on the city’s southwest side. Family members reported her missing at about 9:20 p.m. after
they determined she was not playing at a neighbor’s home as they thought.
 

City flush with energy-saving ideas for building

City-County Building energy-efficiency upgrades are set to be unveiled Tuesday afternoon. The nearly 50-year old landmark is the centerpiece of the city's greener-building initiative.

Four injured in crash after police chase

Four people were injured following a short police chase Tuesday morning that resulted in a crash on the city’s north
side. Police pursued three men inside a van because they were suspected of being involved in a residential robbery. The van
collided head-on with a Mercedes coupe near Kessler Boulevard and Fox Hill Road. One van passenger was in critical condition
at Wishard Hospital. Fox59 will have more at 4 p.m.
 

Super Bowl practice facility moving to UIndy

Host committee opts to partner with University of Indianapolis and build community center at Arsenal Tech High School, the
original site of
the domed practice facility.

USA Football makes move to Indianapolis official

As expected, city officials announced Tuesday morning that USA Football will relocate its headquarters to Indianapolis from
Vienna, Va. The move should be complete by August.

Health care tech firm Gemms adding 69 jobs

Carmel-based electronic medical records developer Gemms Inc. plans to invest $2.1 million to expand its headquarters and software
development operations here, more than doubling its staff in the next five years.

Housing

On a seasonally adjusted basis, the pace of mortgage loan activity decreased 9.5 percent for the week ended April 9, according to the Mortgage Bankers Association. The rate for 30-year mortgages decreased to 5.17 from 5.31 percent the previous week.  The rate for 15-year mortgages decreased to 4.45 percent from 4.54 percent.

Construction

-S&B Construction has completed a 52,000-square-foot auditorium addition to Northview Church, 12900 Hazel Dell Parkway, Carmel. The architect was Champlin Architects.

-Kort Builders has completed a 20,000-square-foot office space for Banc Serv at 777 E. Main St., Westfield.

-Kort Builders has completed a 3,000-square-foot retail space for Urth Tones at 11680 Commercial Drive, Fishers.