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Company news

October 9, 2014

St. Vincent Health will close its long-term acute hospital in Lafayette in the next two months, leaving as many as 83 workers without jobs. The Indianapolis-based hospital system stopped accepting new patients last week at Seton Specialty Hospital if they require stays of 25 days or longer. The facility will close after all current patients end their stays. St. Vincent officials said they would have had to find a new home for Seton because the campus where it leased space— Franciscan St. Elizabeth Health’s Central campus—moved its operations to the Franciscan St. Elizabeth Health’s East campus, also in Lafayette, last month. St. Vincent will continue to operate its other Seton Specialty Hospital in Indianapolis. The Seton Specialty Hospital in Indianapolis has been running at higher occupancy and posting larger profits than its counterpart in Lafayette, according to St. Vincent’s annual filings with the Indiana State Department of Health.

One of three experimental drugs in Eli Lilly and Co.’s push into autoimmune medicines has flamed out. Indianapolis-based Lilly said it would end development of its lupus drug after it failed in overall results generated by two Phase 3 trials in humans. Lilly gave the drug in two doses to patients and in one of the trials, the higher dose showed a statistically significant improvement in patients compared with those taking a placebo. But the lower dose did not. And in a second clinical trial, both doses failed to show a significant benefit versus placebo. Lilly will take an accounting charge in the third quarter of as much as $75 million before taxes. In August, Lilly announced that an autoimmune drug to treat psoriasis had shown marked improvement over an existing therapy, and that Lilly would submit it to regulators for approval. Lilly is also studying a third autoimmune drug to treat rheumatoid arthritis. Results from that drug are expected late this year or early next year.

Community Health Network received a $3.7 million grant from the Substance Abuse and Mental Health Services Administration to fund its early intervention program to prevent suicides among Hoosiers ages 10 to 24. Over the next five years, Community will use the federal money to work with 600 primary care physicians, 13 hospitals and 11 emergency departments around the state, offering them crisis services, psychiatry services provided over the Internet, and intensive care coordination. Those providers and facilities, some of which are part of Community’s health system, will serve 5,000 Hoosiers per year. Community will also work with schools, foster care agencies, juvenile justice programs, state government agencies and others to build a statewide crisis network of people trained to identify young people at risk of attempting suicide, provide timely intervention, and quickly connect them with Community’s crisis providers.

Lilly partner ordered to pay more than $2M to ex-Actos user

October 9, 2014

Takeda Pharmaceutical Co. was ordered by a jury to pay more than $2 million to a woman who claimed the company’s Actos diabetes medicine caused her bladder cancer, in the latest of thousands of lawsuits involving the drug to go to trial.

St. Vincent closure of Lafayette hospital to ax 83 jobs

October 9, 2014

St. Vincent Health will close its long-term acute hospital in Lafayette in the next two months, leaving as many as 83 workers without jobs. St. Vincent will continue to operate its other Seton Specialty Hospital in Indianapolis.

Work starting on new I-65 exit near Indianapolis

October 9, 2014

Plans had called for the $16 million interchange to open by next summer, but delays in land purchases delayed the start of construction. It is now expected to open by the end of next year.

Keystone offers to forgive CRC obligations to win bond

October 9, 2014

Keystone Realty is offering to let the cash-strapped Carmel Redevelopment Commission off the hook for $250K in promises if city officials approve a $3.8 million bond issue to help get its Olivia on Main project off the ground.

HDG Mansur owner files Chapter 11 bankruptcy

October 9, 2014

Harold Garrison filed the reorganization just as a trial was set to begin Monday over a $5.8 million judgment.

Supreme Court rejects appeal from Indiana on gay marriage

October 9, 2014

Justices turned away appeals from five states including Indiana seeking to prohibit same-sex marriage. The court’s order immediately ends delays on such marriages in those states but leaves the Constitutional question hanging.

Wealthy giving smaller share to charity, study says

October 9, 2014

Indiana residents ranked 17th in rate of giving in the study by the Chronicle of Philanthropy, donating $32.60 for every $1,000 they earned in 2012. That was up from $31.70 in 2006.

A&E roundup: IMOCA’s new space; NBC’s Lester Holt to help pianists

October 9, 2014

Plus, some of the stars who will be performing at the Indianapolis City Ballet’s Evening with the Stars benefit.

DePauw announces $300 million fundraising goal

October 9, 2014

The Greencastle university said it already has raised more than $200 million toward the goal. About $100 million of the total will go toward a new endowment for need-based financial aid.

Gambling fight set to test governor’s power

October 9, 2014

Indiana Gov. Mike Pence has been firm on his opposition to expanded gambling since taking office, but that position could put him at odds with fellow Republican lawmakers willing to hear out the state’s struggling gaming industry.

Historic farmhouse moved, saved from demolition

October 9, 2014

A 153-year-old farmhouse that had faced possible demolition has been moved from its longtime perch along a central Indiana highway to a new, permanent location.

Obama: Workers not winning as productivity fuels growth

October 9, 2014

During his visit Friday to Indiana, President Barack Obama said that while the economic recovery is lowering the jobless rate, the economic recovery is helping the wealthy and not middle-class workers.

Obama highlighting manufacturing gains in Indiana visit

October 9, 2014

President Barack Obama is expected to put a manufacturing focus on his revived economic message Friday during a visit to Indiana, calling attention to industrial gains that have helped restore some higher-wage jobs.

Indiana teenager faces charges in hacking ring

October 9, 2014

Austin Alcala, 18, of McCordsville is one of several gaming enthusiasts accused of hacking into a U.S. Army computer network while targeting Microsoft and several video game developers.

Colts join push to help domestic violence victims

October 9, 2014

Indianapolis tight end Dwayne Allen helped announce that the Colts and Verizon would raise money and collect cellphones to help domestic violence victims in Indiana.

Renovation with recliners coming to Circle Centre movie theater

October 9, 2014

Regal Entertainment Group, the operator of the nine theaters on the mall’s fourth floor, is ripping out the seats and replacing them with reclining chairs in hopes of increasing attendance.

Circle_Centre_movie_marquee_2col

JPMorgan breach heightens data-security doubts

October 9, 2014

New details on a cyberattack against JPMorgan Chase add to increasing doubts over the security of consumer data kept by lenders, retailers and others. The breach compromised customer information pertaining to roughly 76 million households and 7 million small businesses.

Lilly partner accused of putting Actos profit ahead of safety

October 9, 2014

Executives knew by 2004 that studies found links between Actos and cancer, and didn’t issue a warning until seven years later to protect billions of dollars in sales of the drug, attorney Michael Miller told a state-court jury in Philadelphia on Thursday.

Kroger dusts off plans for giant Fishers grocery

October 9, 2014

Kroger Co. is resurrecting plans to replace its busy Olio Road grocery in Fishers with a 123,000-square-foot Kroger Marketplace store.

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