Home » Search

Search Results

14351 results for 'articles'

To refine your search through our archives use our Advanced Search

Patients get what they pay for

Patients, in spite of what it may feel like, pay only a tiny fraction of the total health care bill directly from their own pockets. It’s no wonder then that prices and good service are hard to find.

People

Indianapolis-based Healthx Inc. has named Martin Samples as its vice president of product management. Samples previously worked for Indianapolis consultancy E-gineering LLC and before that as director of digital media at Zionsville-based Just Marketing International. Samples holds a bachelor’s in Christian education from Anderson University.

Indianapolis-based law firm Brannon Sowers & Cracraft PC has hired Bassam Nader as a patent agent. Nader previously worked for Indianapolis-based Dow AgroSciences LLC as an organic chemist. Nader holds a doctorate in organic synthesis chemistry from Fordham University. He also holds master’s and bachelor’s degrees in chemistry from the American University of Beirut.
 

Company news

Oops. West Lafayette-based Bioanalytical Systems Inc. announced Aug. 21 that it will have to restate financial reports going all the way back to June 2011 because of an accounting error. Bioanalytical, which sells drug development equipment and services to pharmaceutical firms, has been unable to file its latest quarterly filing with the U.S. Securities and Exchange Commission. Because of that failure to file, the NASDAQ stock market has threatened to delist Bioanalytical. The $422,000 error helped make Bioanalytical’s losses applicable to common shareholders during the past 2½ years about 4 percent less than they should have been, according to an unaudited restatement of results issued by the company. The company previously reported losses for common shareholders of $10.1 million during that 2½-year period. The error occurred in May 2011 when Bioanalytical staged a public offering of new shares. Those sales included a purchase warrant, which Bioanalytical should have recorded as a liability, but instead recorded as equity. The warrants could, in some cases, require Bioanalytical to pay cash to investors, the company stated in a press release.

After shelling out $29.4 million last year to settle 15 years' worth of bribery charges, Indianapolis-based drugmaker Eli Lilly and Co. is in the same pickle again. A Chinese newspaper reported last week that Lilly employees in China gave at least $4.9 million in bribes and kickbacks to Chinese doctors to entice them to prescribe Lilly’s medicines, particularly its insulins for diabetes. A Lilly spokeswoman would neither confirm nor deny the allegations to Bloomberg News, but said Lilly is investigating. Bribes and special payments are common practice for selling products in China, according to the 21st Century Business Herald in China, but it is a violation of U.S. law for a U.S.-based corporation to bribe foreign officials. The allegations make Lilly the third major multinational drugmaker accused of bribing doctors in return for prescribing drugs. GlaxoSmithKline Plc, based in London, and Paris-based Sanofi-Aventis SA face similar investigations. In 2012, Lilly agreed to pay the SEC to settle charges that it paid off government officials to obtain government contracts in Brazil, China, Russia and Poland from 1994 to 2009.

Planned Parenthood of Indiana is suing to block a new state law that tightens abortion pill regulations, arguing that the law wrongly targets the organization's clinic in Lafayette, according to the Associated Press. The federal lawsuit filed Aug. 22 claims the law violates equal protection rights because it requires the Planned Parenthood clinic in Lafayette to meet the same standards as surgical abortion clinics but doesn't apply those rules to the offices of doctors who distribute the abortion pill. The Lafayette clinic does not perform surgical abortions. Planned Parenthood officials maintain the only purpose of requiring it to have separate procedure and recovery rooms is to restrict women's access to the abortion pill. The law was approved in April by the Republican-dominated Legislature. Supporters say it's aimed at ensuring the abortion pill is given under proper medical care.
 

Indy man dies at recreation area

A 37-year-old Indianapolis man died Sunday afternoon after swimming at a state recreation area in west-central Indiana. Witnesses say Rafael A. Lopez was in the water at the Lieber State Recreation Area’s Cataract Lake when he began behaving erratically, bobbing up and down in the water near a roped-off area of the beach. Bystanders brought Lopez to shore and began performing CPR on him until medical personnel arrived. He was taken to a Greencastle hospital, where he was pronounced dead. An autopsy was scheduled for Monday.

City cop faces alcohol charges

An off-duty Indianapolis police officer was arrested in Johnson County early Saturday morning for allegedly driving drunk on his motorcycle. Police Sgt. Gregory R. Scott was pulled over for driving 76 mph in a 55-mph zone. His blood alcohol content was tested at 0.16, double the legal limit. Scott was placed on administrative duties pending an investigation.

Homeless campers arrested

At least five people were arrested Monday morning after refusing to leave a homeless camp downtown. Early last week, police gave about 60 homeless people until 9 a.m. to vacate the area because the camp was preventing workers from inspecting the CSX train trellis on South Davidson Street. Police said those arrested Monday are “activists.”

SEC accuses Indy cancer firm of being a sham

The SEC says the CEO of locally based biomedical firm Xytos Inc. has committed securities fraud
since 2010 by repeatedly publishing false information to investors about the company. Timothy Cook denies the accusations.

Pence says new agency to help students find work

Indiana Gov. Mike Pence says he's creating a new state agency that will gear public education to better meet the needs of employers, a move that the state's top public education official said she was not consulted on.

BMV says drivers owe $130M in uncollected fees

Elizabeth Murphy, general counsel for the BMV, told lawmakers at a meeting of the Interim Study Committee on Insurance that uncollected fees have averaged anywhere from $11 million to $13 million annually over the past few years.

Construction

-Alt Construction has completed the build-out of an OrangeLeaf Frozen Yogurt Shop at 1917 Melody Lane, Greenfield.

-Alt Construction has completed a 5,000-square-foot build-out for Woodhouse Spa at 11501 Geist Pavilion Drive, Fishers.

Residential

The average rate for 30-year mortgages rose from 4.57 to 4.74 percent for the week ended Aug. 21, according to Bankrate.com. The rate for 15-year mortgages rose from 3.61 percent to 3.75 percent.

Man seeks date, gets carjacked

An Indianapolis man attempting to meet a woman he had just met on Facebook said he was robbed and carjacked on the city’s west side early Friday morning. The 24-year-old man said he drove from the far-east side to meet the woman at a home on Corwyn Road. When he arrived, the woman greeted him and told him to move his car to another spot, where he was jumped by two armed men who took his phone, $400 in cash and 2000 Chevrolet Monte Carlo.