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Hostess Brands LLC said Monday that it will open bakeries in Indiana and Illinois, following announcements last week that it will reopen bakeries in Georgia and Kansas in its effort to bring back some of its snack brands.
Pamela London has been named vice president of cardiovascular services for Indianapolis-based hospital system Community Health Network. London previously founded and led Family Health Advocates Inc., a patient advocacy consulting company that offers quality care options to Canadian citizens. She holds a bachelor’s in nursing from the University of Western Ontario, London, Canada.
The Indianapolis Coalition for Patient Safety named James Fuller its president. Fuller comes to the coalition from Wishard Health Services where he worked nearly 27 years, most recently as vice president of clinical support services. Fuller replaces Carol Birk, who had been president of the coalition since 2009. The coalition is composed of chief executive, medical, nursing, quality, safety and pharmacy officers from six Indianapolis hospital systems. Fuller holds a bachelor’s and a doctorate in pharmacy from Purdue University.
New WellPoint Inc. CEO Joe Swedish threw cold water April 24 on widespread speculation that he will lead the company through a new wave of hospital and doctor acquisitions. Swedish, 61, had spent his entire career managing hospitals, including the past eight years as CEO of Michigan-based Trinity Health Corp., a Catholic hospital system. But in spite of many questions about the prospect, he’s not looking to get back in that business. “To be clear, I do not currently see vertical integration as a likely path for WellPoint,” Swedish said during an investor conference call Wednesday morning. “The models are so divergent that it just does not seem to be the best use of capital.” Analysts, investors, local health care providers and even WellPoint’s own employees have been asking about the possibility of WellPoint's acquiring hospitals and doctors since Swedish was named in mid-February to replace former WellPoint CEO Angela Braly. Instead, Swedish emphasized that WellPoint is moving to work more closely with health care providers than the confrontational stand that it and most health insurers have taken in the past. But he spoke about new kinds of contracts, rather than acquisitions.
A pharmacy that makes specialty medications is recalling nearly 100 compounded drugs after federal regulators found potential safety problems during an inspection. Nora Apothecary Alternative Therapies of Indianapolis says it is recalling all sterile drugs that have not reached their expiration date. The drugs were made on or before April 19. The company said it initiated the recall after the Food and Drug Administration found quality control problems that threaten the sterility of its products. If compounded drugs are not sterile, they can cause infections, though the company said it has not received any reports of illness.
Record sales of seeds and new crop protection products helped boost Dow AgroSciences LLC revenue 14 percent in the first quarter, leading to record profit. The Indianapolis-based maker of agricultural products, a unit of Michigan-based Dow Chemical Co., brought in $2.1 billion in revenue compared with $1.7 billion a year earlier. Profit in the latest quarter totaled $484 million before accounting for interest, taxes, depreciation and amortization. That was a 7-percent jump from $451 million a year earlier, Dow Chemical reported April 25. Sales of crop protection products swelled 7 percent, driven by gains in North America and Latin America. Sales of seeds, genetic traits and oils rocketed 37 percent, due in part to strong demand for the firm’s genetically modified SmartStax products.
Eli Lilly and Co. said the Food and Drug Administration will perform a priority evaluation of its experimental stomach cancer drug ramucirumab under a program designed for drugs that treat serious or life-threatening diseases for which there are few other therapies. According to the Associated Press, this fast-track status gives companies extra meetings and correspondence with regulators throughout the review process, and it allows the drugmaker to submit data as it compiles it. Lilly is seeking approval for ramucirumab as a second treatment in patients with gastric and gastroesophageal junction cancers that have spread. In the first quarter, Lilly's earnings jumped 53 percent largely due to a $495 million payment for the transfer to former drug development partner Amylin Pharmaceuticals of commercial rights outside the United States for the diabetes treatment exenatide. Lilly earned $1.55 billion, or $1.42 per share, in the three months that ended March 31. Not counting the exenatide payment, Lilly reported adjusted earnings of $1.14 per share. Analysts expected, on average, earnings of $1.05 per share.
WellPoint Inc. reported better-than-expected financial results for the quarter ended March 31. The Indianapolis-based health insurer earned $885.2 million in the first three months of the year, or $2.89 per share. Profit was 3.4 percent higher than in the same quarter a year ago. Excluding investment losses and other extraordinary charges, the company would have earned $2.94 per share, a nearly 26-percent increase over the same quarter last year. On that basis, analysts were expecting profit of $2.38 per share, according to a survey by Thomson Reuters. The higher earnings prompted WellPoint to raise its full-year profit forecast to $7.75 per share, up from its previous prediction of $7.60 per share.
The Big Ten Conference will realign its divisions when Rutgers University and the University of Maryland join the league in 2014, it announced last night. The 14-team conference will do away with the names “Legends” and “Leaders” for the divisions and instead use East and West. Indiana University will play in the East and Purdue University will play in the West.
A 23-year-old man shot by an Indianapolis police officer Sunday had a previous felony conviction for robbery. Braunel Mackey, 23, was charged with possession of a firearm by a serious violent felon after the shooting in the 4800 block of East 19th Street. Mackey allegedly was holding his girlfriend at gunpoint and threatening to kill her when he was shot by the officer.
An Indianapolis woman was injured early Monday morning by a bullet that entered her second-floor apartment from outside. The victim told police she was styling her friend’s hair about 12:30 a.m. in the 1300 block of North Bolton Avenue, near East 16th Street and Arlington Avenue, when she was shot near her armpit. She was hospitalized in good condition. Police are investigating to see whether the shooting was intentional.
After a four-month debate, the Legislature ended pretty much where it started on a potential expansion of Medicaid: Lawmakers are letting Gov. Mike Pence go one-on-one with President Obama to see what kind of deal he can strike.
Anderson's title, first granted in 1991, appears to have been lost due to issues with paperwork. The status is awarded by the Arbor Day Foundation and others to recognize cities with viable tree-management plans and programs.
According to one estimate, the Indianapolis-based health insurer will shed $400 million in pre-tax profits by 2017.
Left to their own devices, Indiana's Republican-led General Assembly pushed the state right ever so gently, adopting such marquee conservative priorities as tax cuts, a school voucher expansion and constrained spending in measured fashion.
The Egg & I joins national chains such as Another Broken Egg and First Watch that have found the Indianapolis area to be an attractive breakfast market.
Keeping its quaint Main Street viable as Zionsville ramps up commercial development elsewhere will require finding just the right mix of retail and service businesses to draw—and keep—customers downtown.
Property owners southeast of Geist Reservoir are vowing to fight involuntary annexation of a 9-square-mile area by the town of Fortville, which would add $53.5 million to its property tax base.
Dozens of air shows that draw tens of thousands of people and generate millions of dollars for local economies have been cancelled this year after the military grounded its jet and demonstration teams because of automatic federal budget cuts.
What did you see, hear or do on the A&E front this weekend? ‘Into the Woods’ at Civic? Lea Salonga with the Symphony? The Stutz Artists’ Open House?
Economic development officials hope a new rail service linking Indianapolis to West Coast ports in Canada will save central Indiana businesses time and money by bypassing a bottleneck in Chicago rail yards.
Indiana has a higher concentration of production and manufacturing jobs. That means graduates who are seeking employment with their degree might find more opportunities outside the state.
Indiana Gasification LLC project manager Mark Lubbers said developers wouldn't have tried to build the plant at Rockport if the law passed early Saturday morning had been in place.
The Indianapolis Motor Speedway could get $100 million in state assistance for planned improvements under a plan approved by Indiana legislators.
