Deal could give Lilly full diabetes deck
Eli Lilly and Co.’s diabetes partnership with Boehringer Ingelheim GmbH represents a new kind of disease-focused strategy that some consultants think is key to pharma companies’ futures.
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Eli Lilly and Co.’s diabetes partnership with Boehringer Ingelheim GmbH represents a new kind of disease-focused strategy that some consultants think is key to pharma companies’ futures.
Derek Bang, practice leader of health care advisory services at the Crowe Horwath accounting firm in Indianapolis, spent a week in March studying health care in the United Kingdom, especially its universal health care program. He was surprised by the “daily barrage of criticism” he heard about the National Health Service, but also found that the United Kingdom and United States face very similar issues when it comes to constraining growth in health care costs.
Indiana University researchers won a $7 million, four-year grant from the National Institutes of Health’s Human Microbiome Project. Barbara Van Der Pol, an epidemiologist at the IU School of Medicine, and David Nelson, a molecular biologist at IU’s Bloomington campus, have been named co-investigators on IU's portion of the project, which has already been operating under the leadership of Dr. J. Dennis Fortenberry, professor of pediatrics at the IU School of Medicine. The researchers are studying at a microbial level sexually transmitted diseases in Hoosier men, which often lead to pain during urination and sex.
The School of Science at IUPUI won a $943,000 grant from the National Science Foundation to help minority students pursue careers in life sciences research. The money will fund the IUPUI Undergraduate Research Mentoring in the Biological Sciences Program, beginning this spring. Two-year fellowships will pay stipends to selected science students to conduct intensive research on “biosignaling,” the ability of cells to respond to their environments. The students also will attend seminars and presentations designed to help them toward a career in bioresearch. Lastly, the students will be paired with minority mentors who already hold graduate degrees.
Warsaw-based Zimmer Holdings Inc. Chief Executive David Dvorak said that demand for hip- and knee-replacement procedures will recover in the second half of 2011, when consumers have jobs and insurance again. "There will continue to be an impact until unemployment rates are reduced and [insurance] enrollment rates go back up," Dvorak told investors in a presentation at a conference hosted by J.P. Morgan in San Francisco, according to Reuters. "We're going in the right direction, but it's a slow recovery," he said. Sales of orthopedic implants, which Zmmer manufactures, have been especially hard-hit during the recent recession, as patients out of work or short of cash put off elective surgeries.
WellPoint Inc. expects its profit this year to exceed $6.60 a share, the company announced Monday at the J.P. Morgan health care conference in San Francisco. Such a performance would slightly beat the expectations of Wall Street analysts, who currently predict 2011 profit of $6.57 per share for the Indianapolis-based health insurer. Analysts expect the same amount of profit when WellPoint reports its 2010 results on Jan. 26, according to a survey by Thomson Reuters. WellPoint provides health benefits to 33.5 million Americans, more than any other company. But the job losses of the past two years have kept its profits from growing.
An experimental drug being developed by Eli Lilly and Co. doesn’t appear to help with digestion as much as existing drugs, according to a staff report released Monday by the U.S. Food and Drug Administration. According to Bloomberg News, Lilly’s drug liprotamase, also known as Solpura, is designed to help patients suffering from poor digestion due to cystic fibrosis, chronic pancreatitis or other conditions. Outside advisers to the FDA are scheduled to meet today in Maryland to review whether the drug should be approved for those patients. The panel of advisers will issue a non-binding recommendation to the FDA, which will make the final decision. Indianapolis-based Lilly got rights to Solpura in July when it purchased Massachusetts-based Alnara Pharmaceuticals Inc. for up to $380 million.
Warsaw-based Symmetry Medical Inc. named Thomas J. Sullivan president and CEO beginning Jan. 17. He replaces Brian S. Moore, who has been CEO since 2003. Moore will remain with the orthopedic supply company through June 2012 as head of business development and as a member of the board of directors. Sullivan was previously president of the supply-chain and business-process division of New Jersey-based Johnson & Johnson Health Care Systems Inc. From 2005 to 2007, Sullivan served as president of Warsaw-based DePuy Orthopaedics Inc., a unit of Johnson & Johnson. Sullivan holds an MBA degree from the Wharton School at the University of Pennsylvania.
Westfield-based consulting firm maxIT Healthcare named Mike Sweeney its president, reporting to CEO Parker Hinshaw. The 600-person firm, which advises health care clients, also promoted Reese Gomez to be executive vice president of solution management.
The Rehabilitation Hospital of Indiana named Dr. Lisa A. Lombard its new medical director. Lombard comes to the Indianapolis rehab hospital from California, where she was the chief of traumatic brain injury rehabilitation at Santa Clara Medical Center. She also held a similar role at the University of Pittsburgh Medical Center. The Rehabilitation Hospital of Indiana is a joint venture of Clarian Health and St. Vincent Health, two Indianapolis-based hospital systems.
Mark Emmert would like to get tougher on rule-breakers and plans to expand the push for academic reforms started by the late Myles Brand.
Brightpoint said it will take over direct sales of Allied Wireless, as well as billing, shipping of equipment and other functions.
A teen is in police custody after a north-side Indianapolis man said he was carjacked at gunpoint early Tuesday morning. The man said he was getting out of his car at the Lake Nora apartment complex when he was approached by the suspect and two other males just after 12:30 a.m. The suspects took the man’s wallet and car keys before driving off. Seconds after the victim called 911, a police officer patrolling the Broad Ripple area spotted the victim's car. The 17-year-old driver was apprehended after a brief car chase, but the other two suspects fled the scene on foot.
An 11-year-old and a 16-year-old suffered minor injuries in an apparent drive-by shooting in the 4000 block of Arcadia Street on the west side of Indianapolis on Monday night. The incident happened just before 7:45 p.m. near 30th Street and Lafayette Road. The 16-year-old was shot in the arm and the 11-year-old was shot in the foot. Police are seeking help in finding the shooter.
A winter-weather advisory remains in effect until 7 p.m. Tuesday. Accumulations of 3 inches to 6 inches of snow are expected, with the heaviest snowfall expected through mid-afternoon. Dozens of postponements and early dismissals have been reported in central Indiana.
The deal Eli Lilly and Co. announced Tuesday morning with Boehringer Ingelheim GmbH sounded a lot like a baseball trade—with five drugs and payments to be named later—but analysts and investors generally liked what they heard.
Verizon Wireless made the long-awaited announcement Tuesday that it will start selling a version of the iPhone 4 on Feb. 10, giving U.S. iPhone buyers a choice of carriers for the first time.
The Indianapolis-based media company suffered a loss in the fiscal third quarter despite a 3-percent rise in revenue.
Open-wheel series hires staffer, opens office to bring IndyCar to big and small screens.
Republican Rep. Robert Cherry of Greenfield says alcohol sales could provide needed revenue to the State Fair and allow the event to showcase Indiana wine and beer.
Three hospitality industry executives are holding down the fort as the ICVA board searches for a new leader to replace outgoing CEO Don Welsh. Directors are on no timetable to name a replacement.
Indianapolis-based business-communications software firm said it is expecting higher profit and revenue for both the fourth quarter and fiscal 2010. Lucrative product orders in the fourth quarter should help boost earnings.
A complex deal with Boehringer Ingelheim also gives the German company rights to two experimental Lilly insulins.
Indiana Gov. Mitch Daniels may have a bigger audience for his State of the State address as political observers around the country search the speech for clues on whether the Republican will run for president in 2012.
Simon Property Group Inc., the largest U.S. shopping mall owner, abandoned its $4.5 billion bid for Capital Shopping Centres Group Plc after the British company resisted Simon’s takeover interest.