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Articles

Company news

April 20, 2015

Eli Lilly and Co. announced that an experimental drug it is developing to treat psoriasis also proved effective against psoriatic arthritis. The drug, called ixekizumab, was statistically superior to a placebo when studied in a Phase 3 trial, the Indianapolis-based drugmaker announced Monday. It also reported that adverse events were higher for patients taking ixekizumab than for those taking placebos. Lilly will announce more detailed results from its latest clinical trial in coming months. In August, Lilly announced that ixekizumab helped six times more patients with psoriasis than an existing therapy for psoriasis in two Phase 3 clinical trials. Lilly is now seeking approval by regulators to bring ixekizumab to market.

A federal whistleblower lawsuit charges that Indiana University Health and HealthNet Inc. put low-income pregnant women and their newborn babies at risk in a fraud scheme to increase revenue and bilk taxpayers out of millions of dollars. The suit, brought by Dr. Judith Robinson and recently unsealed, claims that the two health care providers left their pregnant patients' care to lower-cost nurse midwives instead of having them treated by doctors. But when billing Medicaid, the two providers claimed the services were provided by doctors, Robinson’s complaint alleges. Robinson formerly served as director of women’s services at HealthNet, as well as medical director of ob-gyn services at IU Health. When Robinson learned of three instances of babies with permanent neurological injuries within a six-month period, allegedly due to the subpar care, she alerted IU Health executives as early as February 2013, according to her suit. Four months later, she was fired. HealthNet is the largest provider of midwifery services in the state. MDWise Inc., a Medicaid claims processor, also is named in the suit. Robinson filed her suit in December 2013 and amended the complaint in October 2014. Per the court’s order, both remained sealed from public view until March 10 of this year. "In keeping with our corporate policy and out of respect for those involved, IU Health does not comment on matters involving active litigation," IU Health said Friday in an email to IBJ. "We will fully cooperate with any requests throughout the investigation."

Indiana University Health plans to construct a new hospital in Bloomington four or five years from now after striking a deal with Indiana University to build on the school's golf driving range. The project, which would cost hundreds of millions of dollars, still must win approval from the IU Health board of directors and IU trustees. IU Health’s executives in Bloomington said in December they were considering a new hospital either in a new location or on the existing IU Health campus in downtown Bloomington. In February, IU Health’s Bloomington executives said a study had found that building on the existing site was not feasible. IU Health officials considered building on 85 acres the hospital system owns on the northwestern outskirts of Bloomington. But the IU driving range sits closer to the heart of the city, on 75 acres northeast of the IU campus and adjacent to the IU Technology Park. The exact timing and cost of the project will be determined by a year-long design process, according to IU Health spokeswoman Amanda Roach.

The state budget would cut property taxes in half for for-profit hospitals, according to The Times of Northwest Indiana. Sen. Luke Kenley, R-Noblesville, said the tax break was included to help for-profit hospitals compete more equally with not-for-profit hospitals, which are not required to pay property taxes. The break would apply to buildings and equipment at such hospitals as Porter Regional Hospital in northwestern Indiana and Lutheran Health Network in Fort Wayne. In Porter County, Auditor Vicki Urbanik told The Times that Porter Regional would save $381,000 if its property taxes for 2016 remain about the same as this year.

Ambitious Browning stayed for civic work

April 9, 2015

Michael Browning never envisioned he’d still be in Indianapolis after arriving nearly 40 years ago from South Bend. But the Detroit native and University of Notre Dame grad bought a business here and became one of the city’s biggest developers.

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Will manufacturers move back to urban centers?

April 9, 2015

Effort in Indianapolis will try to entice manufacturers to rethink areas they abandoned.

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RFRA controversy complicates tech recruiting efforts

April 3, 2015

Tech leaders say the religious freedom law has been a burdensome headwind over the past week, making job discussions longer than necessary and injecting unease in the minds of some candidates.

Pence approves revision to RFRA after national furor

April 2, 2015

The revised legislation prohibits providers from using the law as a legal defense for refusing to provide services, goods, facilities or accommodations. Legislators hammered out the change after critics claimed the “religious freedom” law could be used to discriminate based on sexual orientation and gender identity.

Records

April 2, 2015

Records for April 6-12, 2015.

SKARBECK: Betting against Indiana would be losing strategy

April 2, 2015

I wholeheartedly agree with the theme advocated last week by fellow IBJ columnist Mickey Kim that, throughout our country’s history, a bet against America has been a bad bet.

Lilly rethinks its philanthropy strategy

April 2, 2015

“Shared value” approach directs resources to help people in ways that could build the drugmaker’s business.

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Lawmakers approve revisions to RFRA, pass to Pence

April 2, 2015

Indiana lawmakers have approved changes to the Religious Freedom Restoration Act to address charges that it could allow discrimination against lesbians and gays. Gov. Mike Pence has not indicated whether he’ll sign it.

Proposed RFRA amendment draws mostly positive response

April 2, 2015

Eli Lilly, Cummins, Anthem, Indiana University Health, Dow Agro, the Indiana Chamber of Commerce and the Indianapolis Rainbow Chamber of Commerce said they were encouraged by the new legislation. Angie’s List, however, said it wasn’t enough.

Indiana debate exposes Republican divisions

April 1, 2015

As the backlash intensifies over the religious freedom law in Indiana, the GOP’s leading White House contenders have been drawn into a messy clash that highlights the party’s strong opposition to same-sex marriage and threatens to inject social issues into the 2016 presidential primary season.

Indiana firms press Pence for changes to religious-freedom law

March 31, 2015

Indiana-based companies including Eli Lilly and Co. and Anthem Inc. sent a letter to state leaders Monday asking them to enact legislation clarifying the state’s new religious-freedom law.

Indianapolis monument needs more work than expected

March 27, 2015

Officials say repairs to the Soldiers and Sailors Monument in downtown Indianapolis won't be done before this May's Indianapolis 500 activities as hoped.

Final Four payoff from 2004 NCAA pact continuing to escalate

March 26, 2015

A deal struck 10 years ago to bring the men’s Final Four to Indianapolis every five years has become a much-beefier cash cow for the city than any of the pact’s architects could have imagined.

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EDITORIAL: ‘Freedom’ bill is just the opposite

March 26, 2015

Indiana’s Republican-led General Assembly—refusing to cede a losing battle against the tide of history—has sullied Indiana’s reputation again, sending one more message of divisiveness.

Alzheimer’s debate revived by new Mayo Clinic study

March 25, 2015

New research from the Mayo Clinic is bringing back a long-running debate over whether drug companies like Eli Lilly and Biogen are focusing on the right target in developing therapies to treat the disease.

How ‘losing’ the headquarters of two promising drug firms could help Indiana

March 23, 2015

The fact that Assembly Biosciences Inc. and AgeneBio now list New York and Baltimore, respectively, as their headquarters cities doesn’t hurt Indiana and could help the state, says David Johnson, CEO of BioCrossroads.

People

March 23, 2015

Indiana University Health will appoint Dr. Paul Haut as interim president of its Riley Hospital for Children on April 17, when CEO Dr. Jeff Sperring departs to lead Seattle Children’s Hospital. Haut, Riley's chief medical officer, has a bachelor’s degree from Brown University and received his medical degree from the University of Arkansas for Medical […]

Company news

March 23, 2015

Little Star Center will absorb the Verbal Behavioral Center for Autism into its Carmel location. The Verbal Behavioral Center, which opened in 2003, will close its facility at 96th Street and Keystone Avenue by April 30. Little Star, which opened in 2002, also now has locations in Bloomington and Lafayette. The consolidation will add up […]

Pay dips, but pension values soar for Lilly’s top execs

March 23, 2015

The top five executives at Eli Lilly and Co. took home 5 percent to 10 percent less in cash, stock and perks last year than the year before, according to a Monday securities filing.

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