Judge upholds Lilly’s Evista patent
A federal judge in Indianapolis turned back a patent challenge to Eli Lilly and Co.’s drug Evista, the company announced
late yesterday.
A federal judge in Indianapolis turned back a patent challenge to Eli Lilly and Co.’s drug Evista, the company announced
late yesterday.
In a recession, cash is a commodity few small businesses can spare. That’s why more businesses are trading goods and services without exchanging cash.
Eli Lilly and Co. has agreed to confidential terms to settle lawsuits brought by seven states alleging the company illegally
marketed bestselling antipsychotic drug Zyprexa, Bloomberg News reported today.
Biotechnology company Adolor Corp. said yesterday that it bought exclusive worldwide rights to Eli Lilly and Co.’s OpRA
III drug candidate, which has a range of potential uses.
Indianapolis-based Eli Lilly and Co. announced today that a clinical trial showed lung cancer patients treated with Lilly
drug Alimta lived about three months longer than those who received the best available care. Alimta is used as a “maintenance
therapy” for patients whose disease has not progressed after chemotherapy. In a study involving 663 patients, Lilly said patients
treated with Alimta and best available care lived for an average of 13.4 months. Those treated with best care and a placebo
lived for an average of 10.6 months.
Indianapolis-based Eli Lilly and Co. announced today that a clinical trial showed lung cancer patients treated with Lilly
drug Alimta lived about three months longer than those who received the best available care.
The drugmaker has successfully moved experimental drugs into position to win approval by regulators. But only once in the
last four years has a new drug actually made it to market—the industry’s equivalent of getting
across the goal line.
Migraines cost American employers $20 billion a year in decreased worker productivity. Such
a frequent and uncured disease stands as a huge business opportunity for the health care industry, including locally based pharmaceutical giant Eli Lilly and Co.
Since John Lechleiter was named CEO 18 months ago, he’s bet that Eli Lilly and Co. could face down its looming patent challenges
by launching innovative new medicines. Today’s announcement of 5,500 job cuts by the end of 2011 and a restructuring of the
company’s business units ups the ante on that bet, while indicating that it isn’t working yet.
Eli Lilly and Co. has experienced a string of setbacks in recent years. Is it still a good place to work?
Eli Lilly and Co. will cut 5,500 jobs by the end of 2011 as it tries to cut $1 billion in expenses before it loses revenue
from its bestselling drug, Zyprexa. Lilly CEO John Lechleiter said he did not know how many of those cuts would occur in central
Indiana. But with
13,600 employees working in the Indianapolis area, he acknowledged the largest chunk of reductions likely would come here.
United Way of Central Indiana recently announced a fund-raising goal of $39 million. That’s less than the goal of
$40 million set last year, when fund raising fell short, ending at $38.8 million.
Eli Lilly and Co. and its peers might be back in Congress’ sights as lawmakers hunt for more ways to cut health care
costs. A new study in the influential Health Affairs journal concludes that European drugmakers operating
in markets with pharmaceutical price controls have produced proportionally more innovations than their U.S. counterparts.
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A little lobbying on your lunch break? A consumer group says health insurers WellPoint Inc. and Minnesota-based UnitedHealth
Group pressured their employees to speak to members of Congress against health care reform proposals that the companies disagreed
with, the Associated Press reported. In a letter to California Attorney General Jerry Brown, the group Consumer Watchdog maintains
that both companies violated state labor laws. The attorney general’s office said it is reviewing the letter. Indianapolis-based
WellPoint, in an e-mail to employees, asserted that proposed health care legislation could cause tens of millions of Americans
to lose private health coverage and end up in a government-run insurance plan. Other consequences, the e-mail said, could
include limited choice for customers, and increased premiums for those with private coverage due to new mandates and coverage
requirements. "We believe it is important and permissible to provide up-to-date information about health reform to our
associates," spokeswoman Cheryl Leamon said in an e-mail.
Health records are now flying around the
state. At least part of the state. The Indianapolis-based Indiana Health Information Exchange last week began sharing electronic
medical records with two similar organizations across a multi-regional network. Connecting with HealthLINC in Bloomington
and HealthBridge in Cincinnati creates the nation’s first exchange of medical information among such organizations in different
regions, Indiana Health Information Exchange officials said.
Now, for example, if a patient is admitted to
a hospital in Indianapolis, physicians at his or her doctor’s office in Bloomington will be able to access the patient’s medical
information via the Internet, including test results and radiology notes. Together, the three exchanges connect more than
15,000 physicians, 50 hospitals and 12 million patient records. Initially, the Indiana Health Information Exchange will send
medical records to HealthLINC and HealthBridge providers. Full interconnectivity, in which information will flow among all
exchanges, should begin in mid-September.
The Indiana Health Industry Forum will hold a day-long summit on health
reform today. Various panels will address different aspects of reform and its potential impact. Panelists include Dr. John
Fitzgerald, CEO of the Indiana Clinic, Dhan Shapurji, a director at Deloitte Consulting, Bart Peterson, Eli Lilly and Co.’s
senior vice president of corporate affairs and communications, and Dr. Thomas Inui, CEO of Regenstrief Institute Inc. The
summit will run from 9 a.m. to 3:30 p.m. at University Place Conference Center on the IUPUI campus.
Eli Lilly and Co. and its peers might be back in Congress’ sights as lawmakers hunt for more ways to cut health care costs.
A study published in an influential journal concludes that European drugmakers operating in markets with drug price controls
have produced proportionally more innovations than their U.S. counterparts. The study undercuts an argument made over and
over again by Lilly execs that health reform must preserve profit potential for pharmaceuticals so companies can afford to
keep pumping out innovative new drugs.
Indy Partnership CEO Ron Gifford is traveling with Gov. Mitch Daniels and a delegation of Hoosier business and community
leaders on a trip to Asia through Sept. 16. Gifford is blogging about his experiences as he works to bring
new jobs and investment to the economic development group’s 10-county Indianapolis region. Bookmark this
page and check back for updates.
Eli Lilly and Co. paid doctors in South Carolina for participating in a speakers’ program in exchange for prescribing the
antipsychotic Zyprexa, according to notes by Lilly sales representatives reviewed by Bloomberg News.
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