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4,414 results for '\"eli lilly\"'

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Articles

Company news

January 21, 2013

Two new health clinics opened on the west side of Indianapolis last week. HealthNet Inc. opened a community health center on West 10th Street, providing primary, pediatric and OB/GYN care, as well as optomemtry, podiatry, behavioral health and social work services. Also, Community Health Network opened a  medical office building in Speedway, which is part of its westward expansion after its acquisition of Westview Hospital on West 38th Street. The offices offer primary care, walk-in care, imaging, infusion therapy and occupational health services. Community also will work with the new Marian University College of Osteopathic Medicine to conduct training for medical residents in Speedway.

WellPoint Inc. is still considering former Amerigroup Corp. CEO James Carlson among several finalists to become CEO, Bloomberg News reported, citing a person familiar with the matter. The Indianapolis-based health insurer has delayed defining a role for Carlson, who joined WellPoint through its $4.9 billion acquisition of Amerigroup in December, because he is a contender for the top position, said the person, who asked for anonymity because the information is private. Retired Aetna Inc. CEO Ronald Williams also has been a leading candidate, according to people with knowledge of the deliberations. Carlson, 60, would replace Angela Braly, who was forced out in August amid investor complaints about the company's performance. Carlson built Amerigroup into one of the biggest insurers focused on the growing Medicaid sector. In an e-mail, Kristin Binns, a WellPoint spokeswoman, said the company wouldn’t comment on the CEO search. Maureen McDonnell, an Amerigroup spokeswoman, also declined to discuss the process or Carlson’s role. Katherine Mentus, a spokesman for Williams, declined to comment when reached by telephone. Analysts expect WellPoint to make a decision by the end of February.

Eli Lilly and Co. will have to conduct more studies of its experimental Alzheimer’s drug,  but it is getting some outside help. Researchers at Brigham and Women’s Hospital in Boston chose Lilly’s drug solanezumab for a large federally funded study testing whether it's possible to prevent Alzheimer's disease in older people at high risk of developing it, according to the Associated Press. Lilly’s own studies of solanezumab found that it did not help people with moderate to severe Alzheimer's, but it showed some promise against milder disease. Researchers think it might work better if given before symptoms start. The new study will enroll 1,000 patients between age 70 and 85 who show a buildup of plaques in their brains but do not yet show signs of Alzheimer’s, including loss of memory and ability to do daily activities. Lilly’s solanezumab is also one of two drugs being studied in Alzheimer’s patients by researchers at Washington University. The other is made by the Genentech unit of Switzerland-based Roche Holding AG.

Indianapolis-based Defender Direct, a home security dealer, has opened an on-site health clinic, joining a number of other area employers that offer such services. Defender Direct’s 650 employees and their families now can receive primary care at the East 96th Street clinic, operated by Indianapolis-based OurHealth. Indianapolis-based MJ Insurance, which has helped such employers as Interactive Intelligence Inc. and others set up onsite clinics, brokered the deal.

Roche Diagnostics Corp. in Indianapolis ranks 89th on Fortune magazine’s latest annual list of the “100 Best Companies to Work For,” the magazine announced Thursday. In selecting Roche, the only Indiana company to appear on the list, Fortune cited its on-site medical clinic and fitness center, the company's $30,000 budget for intramural sports, and its health insurance plans tiered to income levels. The Indianapolis campus serves as the North American headquarters for the diagnostics business of Switzerland-based Roche Holding AG.

Pence wants $1.5M a year for life sciences institute

January 21, 2013

The Indiana Applied Research Enterprise already has received support from John Lechleiter, CEO of Indianapolis-based Eli Lilly and Co., as a place for collaboration between academic and industrial scientists.

Lilly drug chosen for Alzheimer’s prevention study

January 18, 2013

Researchers have chosen an experimental drug by Eli Lilly and Co. for a large federally funded study testing whether it's possible to prevent Alzheimer's disease in older people at high risk of developing it.

Pence names human services chief, ag director

January 18, 2013

Gov. Mike Pence on Thursday named Debra Minott, an attorney with health care regulatory experience, to run the Indiana's human services agency while it implements the looming Medicaid expansion. Pence also named Gina Sheets to lead the Agriculture Department.

Eli Lilly and Co.’s rebound bolsters endowment

January 17, 2013

The value of Lilly Endowment Inc.’s principal holding—Eli Lilly and Co. stock—has increased nearly $2 billion over the past two years, bolstering the private foundation’s philanthropic firepower after a decade of declining or stagnant assets.

FEIGENBAUM: Range of non-fiscal issues may take center stage

January 17, 2013

While taxes and spending (and related work-force and economic development matters) will consume the bulk of legislative attention in coming months, several other major issues will dot—or blot—the agenda, and should bear your attention.

People in the news – Jan. 21, 2013

January 17, 2013

People listings are free.

Lilly’s Amyvid receives European approval

January 16, 2013

European regulators approved the use of an imaging agent from Eli Lilly and Co., which can help doctors diagnose Alzheimer's disease.

Indianapolis conservation prize growing to $250,000

January 16, 2013

Zoo CEO Michael Crowther says multiyear funding from the Eli Lilly and Co. Foundation enabled the increase in The Indianapolis Prize's cash award.

Company news

January 14, 2013

BioCrossroads Inc.’s newest seed fund has plowed $750,000 into two Indianapolis-area life sciences companies. Esanex Inc. received $500,000 to help it develop a therapy that inhibits the ability of cancer cells to grow and survive. The investment will be used to complete a Phase 1 study in patients with tumors and to conduct multiple Phase 2 trials. Esanex is part of the portfolio of Lilly Ventures, the venture capital firm spun out of Eli Lilly and Co. in 2009. Algaeon Inc., meanwhile, received $250,000 to develop a technology for making micro-algae-based products used in human supplements and in animal and fish-feed stocks. The company will use the investment to expand operations and produce additional products. Algaeon is located on the northwest side on West 82nd Street. BioCrossroads, the Indianapolis-based life sciences development group, launched Indiana Seed Fund II in April after raising $8.25 million to help fledgling life sciences companies grow. Its first seed fund raised $6 million that was invested in 11 companies.

WellPoint Inc.’s plan to raise rates that small employers in California pay for medical insurance was criticized as unreasonable by the state insurance commissioner, who said customers are being charged this year to cover U.S. health-law taxes that won’t begin until 2014. According to Bloomberg News, WellPoint’s Anthem Blue Cross unit in California is raising those rates an average of 10.6 percent. Indianapolis-based WellPoint sells small group policies that cover 284,000 California employees. California Insurance Commissioner Dave Jones accused WellPoint of overstating future medical use and cost trends, and improperly including next year’s taxes. The commissioner provided his findings last month to the insurer, which plans to proceed with the rate increase. Anthem Blue Cross said rates will go up an average of 6.5 percent and the increase is lower than not-for-profit competitors. Around the country, Aetna Inc., UnitedHealth Group, Centene Corp. and other health insurers have proposed large increases on small businesses and individual buyers in recent months, citing rising costs for medical care and greater requirements of the health-care law. The Obama administration has said provisions in the law have kept increases from being even higher.

Johnson & Johnson won the backing of an FDA advisory panel for a diabetes pill the company is seeking to make the first in a new family of drugs for managing blood sugar, putting it ahead of Eli Lilly and Co., Bristol-Myers Squibb Co. and AstraZeneca plc, which all are trying to develop similar drugs. According to Bloomberg News, New Jersey-based J&J received a 10-5 vote from the panel to support its drug canagliflozin, although the panel also said the drug raises concerns about heart risks. The once-a-day pill is part of a treatment group known as SGLT2 inhibitors that are intended to have fewer side effects, such as low blood sugar and weight gain, than current diabetes drugs. The U.S. Food and Drug Administration is scheduled to decide on canagliflozin by the end of March; the agency usually follows recommendations of its advisory panels, but it does not have to. Lilly’s drug, which it is developing with Germany-based Boehringer Ingelheim Gmbh, is called empagliflozin. The two companies plan to file for FDA approval later this year.

Catheter Research Inc. has acquired assets from Illinois-based Marshall Medical Systems & Equipment Inc., one of the distributors of medical equipment for a subsidiary of Catheter Research called Thomas Medical Systems. Thomas Medical makes medical devices for reproductive and OB/GYN care. Catheter Research did not disclose the purchase price.

Lilly competitor gets backing on diabetes drug

January 11, 2013

Johnson & Johnson, the world’s largest seller of health-care products, won the backing of U.S. advisers for a diabetes pill the company is seeking to make the first in a new family of drugs for managing blood sugar.

BioCrossroads seed fund makes first investments

January 10, 2013

Local startups Esanex Inc. and Algaeon Inc. have received $500,000 and $250,000, respectively, from Indiana Seed Fund II, BioCrossroads’ second fund to help fledgling life sciences companies.

Lilly settles with four sisters in DES cancer case

January 9, 2013

Four sisters who claimed their breast cancer was caused by a drug their mother took during pregnancy in the 1950s reached a settlement Wednesday with Eli Lilly and Co. in the first of scores of similar claims around the country to go to trial.

Drug sold by Lilly caused cancer, women claim at Boston trial

January 8, 2013

In opening statements Tuesday, a lawyer for Indianapolis-based Lilly told the jury there is no evidence the synthetic estrogen known as DES causes breast cancer in the daughters of women who took it.

Company news

January 7, 2013

Indianapolis-based Eli Lilly and Co. and Germany-based Boehringer Ingelheim GmbH got good news from their Phase 3 trial of a new drug for patients with Type 2 diabetes, and said they plan to file for its market approval later this year. The drug, called empagliflozin, lowered diabetics’ levels of hemoglobin—a measure of blood sugar—more than a placebo. How the new drug will compare against similar drugs, called sodium glucose co-transporter-2 inhibitors, remains unclear. Lilly competitors Johnson & Johnson, Bristol-Myers Squibb Co. and AstraZeneca plc are racing to bring the new class of drugs to market. But Lilly and Boehringer officials said they are pleased enough with the results to file for a launch this year, according to a statement released Monday by Lilly. "We are pleased with the results for these Phase III clinical trials for empagliflozin," Enrique Conterno, president of Lilly's diabetes division, said in a prepared statement. "Diabetes is growing at a tremendous rate across the world. Patients and their physicians need more treatment options in order to help improve their blood sugar levels and reach their treatment goals." Also, Lilly and Boehringer Ingelheim announced that Lilly will re-assume exclusive development rights to a once-a-day insulin it calls LY2605541. That drug, as well as empagliflozin, were part of a co-development agreement Lilly and Boehringer signed in January 2011. Lilly unveiled a better-than-expected 2013 earnings forecast Friday, which sent its stock up by nearly 4 percent that day. The drugmaker forecast 2013 adjusted earnings of between $3.75 and $3.90 per share. Wall Street analysts were expecting 2013 earnings of $3.73 per share, according to a survey by FactSet.

The physician arm of Indianapolis-based hospital system Community Health Network took over cardiovascular services at Community Westview Hospital, displacing The Care Group LLC, on Jan. 1. Community Physician Network will now provide all specialty heart care at the 67-bed hospital at West 38th Street and North Guion Road. Community Health Network absorbed Westview in June 2011, securing a presence on the west side of Indianapolis to accompany its existing hospitals on the southern, eastern and northern sides of the metro area. The Care Group, one of the city’s largest physician practices, was acquired by Indianapolis-based hospital system St. Vincent Health in 2010. Community and St. Vincent are now working together to sign contracts with employers and health insurers in what they call an affordable care consortium.

A building on the northwest side of Indianapolis is the target of a foreclosure claiming that owner Women’s Physician Group LLP has defaulted on a $9 million loan. The lawsuit, filed Dec. 13 by U.S. Bank, claims that the physicians' group received the loan in April 2007 and stopped payment in August 2012, owing $8.7 million in principal. Including penalties and fees, though, U.S. Bank is seeking nearly $10.5 million, according to the suit. The 33,617-square-foot building at 8081 Township Line Road is completely occupied, according to the website of Cornerstone Companies Inc., the building’s broker. A representative of the physician group could not be reached for comment.

Big drug deals expected to return in 2013

January 7, 2013

Pharmaceutical companies including Pfizer Inc., Bristol-Myers Squibb Co. and Eli Lilly and Co. could be ready to start making major acquisitions again.

Lilly’s 2013 profit forecast tops expectations

January 4, 2013

Eli Lilly and Co. forecasts its 2013 earnings will grow more than Wall Street expects even though the drugmaker will lose U.S. patent protection for two more key products in the new year.

Trial set to begin over pregnancy drug sold by Lilly

January 4, 2013

Four sisters diagnosed with breast cancer are suing Eli Lilly and Co., a former maker of DES, or diethylstilbestrol, a drug taken by their mother in the 1950s when she was pregnant. It could be the first of scores of such trials over the drug.

Beautification group gets boost from Lilly Endowment

January 3, 2013

Keep Indianapolis Beautiful will use the money for 2013 operating expenses.

Head of Indiana safety agency resigns after 7 years

January 2, 2013

The head of Indiana's workplace safety agency has stepped down after seven years in the job, during which the department issued some of the largest safety fines in the state's history.

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