Glut of downtown office space grows
Safeco is leaving a five-building complex on North Meridian Street, and Eli Lilly and Co. has offered for lease its entire
four-building Faris campus.
Safeco is leaving a five-building complex on North Meridian Street, and Eli Lilly and Co. has offered for lease its entire
four-building Faris campus.
It’s no secret that Eli Lilly and Co. is the biggest private employer in the Indianapolis area. But
Lilly also supplemented the incomes of a few dozen local doctors — to the tune of more than $224,000 in just the first
quarter.
Officials in Kokomo and Howard County are in a tough spot. The “new” Chrysler created after its bankruptcy
sale to Fiat contends it‘s no longer on the hook for $12.9 million it owes various local taxing bodies this year and
$12.3 million it will owe next year.
Eli Lilly and Co. pulled the plug on yet another drug in its pipeline that was in the late stages of testing, further complicating
the company’s attempts to find revenue before losing patent protection on its bestseller.
The price of Eli Lilly and Co.’s stock veered lower this morning after a Goldman Sachs analyst downgraded her rating from
neutral to sell.
Companies are beginning to hire Twitter experts to stay in touch with customers. But the positions require a light touch,
and their effectiveness is difficult to gauge.
Drugmaker Eli Lilly and Co. spent nearly $3.6 million in the second quarter lobbying the federal government on health care
reform and trademark issues, among other topics, according to a recent disclosure form.
The $100,000 Indianapolis Prize, given every other year for achievement in animal conservation, said novelist and Miami
Herald columnist Carl Hiaasen and actor Harrison Ford will be co-chairs for the September 2010 award.
Republican Mitch Daniels has repeatedly insisted that his 2008 run for a second term as Indiana’s governor was his last election
and that he’s not interested in the "savagery" of a national campaign.
Indianapolis-based information technology consultant Apparatus Inc. plans to expand its local operations and create up to
130 jobs by 2012, the company announced this morning.
People listings are free, but photos that are used in the print edition will not appear online.
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.
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. 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.
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.
People listings are free, but photos that are used in the print edition will not appear online.
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.
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. 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.