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Results of a Roche clinical trial mirror those produced by an experimental Lilly drug two years ago. Lilly executives say that validates their approach in the multi-billion-dollar race to market the first drug to reverse Alzheimer’s.
Few U.S. industries are tying their fortunes to overseas markets as aggressively as the technology sector, where new sources of revenue are often just a matter of equipping people with a computing device and an Internet connection.
An Instagram message from LeBron James Sunday afternoon set off a torrent of activity at Adidas’ printing plant on Indianapolis' east side, the likes of which hadn't been seen in five years.
Hendricks Regional Health in Danville named Yvonne Culpepper, a registered nurse, its chief operations officer in addition to her role as chief nursing officer. Culpepper earned a bachelor’s degree in nursing and master’s degree in nursing administration from Indiana University. She earned a doctor of nursing practice degree from Purdue University.
Dr. Gordon Reed, has been named chief medical officer at Hendricks Regional Health. Reed earned a bachelor’s degree at the University of Illinois and completed his medical training at the Indiana University School of Medicine.
Dr. Brian Brewer, a trauma surgeon, has joined the trauma center at IU Health Methodist Hospital. He most recently worked at Sinai Hospital in Baltimore. Brewer earned his medical degree from Meharry Medical College.
Dr. Peter Hammer, a trauma surgeon, has joined the trauma center at IU Health Methodist Hospital. He most recently worked at the Los Angeles County and University of Southern California Medical Center. Hammer, a retired commander from the U.S. Navy and a veteran of the war in Afghanistan, earned his medical degree at Wayne State University.
Dr. Ben Zarzaur, a trauma surgeon, has joined trauma center at IU Health Methodist Hospital. He most recently was a professor of surgery and preventative medicine at the University of Tennessee in Memphis. Zarzaur earned his medical degree from the University of Alabama.
The Indiana University School of Medicine plans to hire 100 research professors over the next five years in a bid to vault into the top 25 medical schools. If successful, that recruitment drive could boost by 15 percent the number of research-oriented faculty at IU and bring in an extra $35 million to $40 million in annual research funding. If the plan plays out as Dean Dr. Jay L. Hess hopes, the school could become a closer partner with drugmaker Eli Lilly and Co., medical-device maker Cook Group Inc. and other major life sciences companies. Hess’ plans are actually a bit more modest than those advanced by his predecessor, Dr. Craig Brater, who retired last year. Brater wanted IU to become one of the 10 most richly funded medical schools for research, up from about 40th now. To get there, he estimated, the school needed to recruit 400 researchers, on top of the 700 it employs today. But Hess noted that IU would need hundreds of millions of dollars more per year in funding from the National Institutes of Health—IU receives about $100 million per year—to reach that level.
Four doctors who supposedly ran a system of clinics aimed at helping addicts kick painkillers were illegally selling a drug that's supposed to aid in rehabilitation, federal authorities said Friday after raiding the doctors’ clinics in Carmel, Noblesville, Muncie, Kokomo and Centerville. According to the Associated Press, Dr. Larry Ley, 68, of Noblesville, was being held on $1 million bond on drug-dealing charges in Hamilton County Jail. Prosecutors say Ley led the operation. A dozen additional suspects, including three other doctors, are under arrest or sought by police. The probable cause affidavit said patients would go to clinics operated by organizations called the Drug and Opiate Recovery Network or Living Life Clean and pay cash for prescriptions of Suboxone, a drug that can be used to treat addictions to opioid painkillers or heroin. The clinics did not accept insurance. Patients allegedly did not undergo medical or mental exams, and weren't asked to provide medical histories. Office employees allegedly handed out pre-signed prescriptions, the affidavit alleges. In 2013, Ley allegedly wrote nearly 8,500 prescriptions, generating an income of $718,000, the affidavit says.
Terre Haute-based Union Health System will cut 150 positions system-wide by the end of the year, according to the Tribune-Star. The cut represents a 5-percent reduction of the system’s 3,000 workers and is projected to produce savings of $200 million by 2020, according to a letter sent Thursday by CEO Pat Board to the hospital system’s employees. “We face numerous challenges due to changes in the healthcare environment and its impact on Union Health System, which include a shift to more outpatient services and declining reimbursement." Union Health includes Union Hospital in Terre Haute and Union Clinton Hospital in Vermillion County north of Terre Haute in western Indiana.
Community Health Network Foundation has been awarded a $1.5 million federal grant to discover ways to deliver better care at lower cost while strengthening its nursing staff. The Health Resources and Services Administration grant will fund a three-year project to encourage nurses to deliver care as teams at Community East Family Medicine Center and then replicate the model they create at seven Community hospitals and other sites of care. The grant covers 88 percent of the project’s estimated costs, and Community will provide the balance of the funding.
Dow AgroSciences LLC reported second-quarter sales of $1.9 billion, an increase of 3 percent over last year's second period. The Indianapolis-based subsidiary of Michigan-based Dow Chemical Co. reported quarterly earnings before interest, taxes, depreciation and amortization, or EBITDA, of $281 million. That was down $9 million, or 3 percent, from a year ago. Crop-protection sales rose 3 percent in the quarter, led by insecticides, which reported double-digit gains in all regions. Quarterly seed sales increased 3 percent, with growth in corn and soybeans in North America and Latin America.
Cummins Inc. said Monday that second-quarter profit jumped 7.7 percent on strong sales in North America. The results exceeded analyst expectations.
Sales have been slowed by a mix of meager wage growth, rising home prices, and mortgage rates that rose steadily through the end of last year.
U.S. attorney Joseph Hogsett, a rumored candidate for Indianapolis mayor, plans to join Bose McKinney & Evans on Aug. 1 as a partner in the litigation practice group.
Indianapolis’ Square Donuts franchise is growing, with plans to open a Carmel location within weeks. Plus: McDonald’s eyes The Bridges.
The town of Speedway plans a two-lane roundabout to replace the current stoplight-controlled intersection at West 16th and Main streets, and Crawfordsville Road, outside the Indianapolis Motor Speedway.
The U.S. power sector is burning less coal and is reducing carbon emissions, but a growing share is finding its way to the rest of the world.
Kelly Mitchell announced Friday she was leaving her job as an investment director in the state treasurer's office Aug. 1.
The Indiana Department of Transportation now plans for Interstate 69 to reach Bloomington by the end of 2015, a year later than originally planned.
In the 2016 political landscape, a pair of the state's political big dogs—Republican Gov. Mike Pence and former Democratic U.S. Sen. Evan Bayh—has potential candidates holding their breath and waiting on them.
Old building also had been used as chemical distributorship.
Dr. Larry Ley, 68, of Noblesville, was being held on $1 million bond on drug-dealing charges in Hamilton County Jail. A dozen additional suspects, including three other doctors, were either under arrest or being sought by police.
The decision may mean that the judge will soon rule on whether the Indianapolis-based NCAA must change its rules to let students negotiate licenses for the use of their names and images.
The Clay Township Regional Waste District has made a $106,800 offer to King of Glory Church to buy land for the above-ground tank, which would be the size of a one-story McMansion.
City officials in Indianapolis have cast the future of an Amtrak passenger line between Indianapolis and Chicago into doubt after deciding not to provide any additional money to subsidize the line.
Sunday's second race in Toronto was the most-watched IndyCar race on NBC Sports Network in nearly three years.
