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Articles

Company news

June 15, 2010

The Indiana University School of Medicine ranked below average for its output of primary-care physicians,
according to a study published Monday in the Annals of Internal Medicine. Roughly one-third, or 34.1 percent, of
physicians minted by the IU med school go into primary care, ranking IU No. 79 out of 141 schools on the list. Some of the
nation's most prestigious medical schools—including Harvard, Johns Hopkins, New York University and the Mayo Clinic—ranked
among the bottom 15 for turning out primary-care docs. To see the full ranking, click here.

Eli Lilly and Co.’s experimental drug Bydureon helped diabetics lower their blood sugar and their
weight—but not any more than the cheap, old diabetes pill metformin. That’s the upshot of clinical trial data
released Tuesday by Indianapolis-based Lilly and its development partners on Bydureon. The once-a-week version of Byetta helped
patients reduce their blood sugar, measured by hemoglobin A1c, by 1.5 percentage points. So did metformin. Patients on Bydureon
lost an average of 4.5 pounds a piece. Patients on metformin lost 4.4 pounds on average. Bydureon did reduce blood sugar more
than Januvia, a medicine made by New Jersey-based Merck & Co. Inc., and roughly the same as Actos, a drug made by Japan-based
Takeda Pharmaceutical Co. Ltd. However, patients lost less weight on Januvia, and actually gained weight on Actos. Lilly is
waiting for the U.S. Food and Drug Administration to approve Bydureon for market.

WellPoint Inc. got some recognition for practicing what it preaches. The National Business Group, a not-for-profit
organization of large employers, named WellPoint one of 66 Best Employers for Healthy Lifestyles because the company encourages
its workers and families to adopt long-term, healthy habits. Meanwhile, Indianapolis-based WellPoint is developing online
care options to give patients a quicker way to converse with a physician—using online video and chat or using a phone.
In a partnership with Boston-based American Well, WellPoint will launch its online care option in the fall with a network
of primary-care and specialist physicians committed to conducting virtual visits with patients. The online care option will
begin in a few markets and then expand throughout WellPoint’s territories across the country.

Purdue University's Healthcare Technical Assistance Program is hiring 50 professionals to help 2,200
Indiana primary-care doctors adopt electronic records that meet federal standards. Purdue's center, armed with $12 million
in federal stimulus funds, will aid small Indiana practices of 10 or fewer health care providers, community health centers,
federally qualified health centers and rural health clinics.

Eight programs at Riley Hospital for Children ranked among the top 30 children's hospitals in the nation
in U.S. News' annual America's Best Children's Hospitals list. The rankings will be released in the August
issue of U.S. News & World Report. Riley ranked third in urology, 14th in pulmonology, 15th in diabetes, 20th
in neonatal care, 22nd in digestive disorders, 29th in cardiology and neurology and 30th in cancer. No other hospitals in
Indiana were named in the rankings. U.S. News based the rankings on each hospital's reputation, outcomes, and
such measures as nursing care, advanced technology, and credentialing.

Recession hammered revenue of Indiana’s largest public companies

June 16, 2010

Few escaped the Great Recession unscathed, and unusual circumstances helped some appear as though they did.

Slow economy bruises profits of Indiana’s largest public companies

June 16, 2010

One-time events influenced bottom lines of some of the few companies that made more money in 2009.

Some Indiana entrepreneurs hit the gas pedal in tough times

June 16, 2010

What recession? Some firms are enjoying explosive growth.

People in the news – June 21, 2010

June 17, 2010

People listings are free.

Lilly layoffs pare communications department

June 18, 2010

The giant drugmaker is in the process of trimming 35 percent—or about 19 people—from its 55-person communications
staff. Most of that staff is based in Indianapolis.

Lilly, Amylin stock rises on drug postponement

June 18, 2010

Roche Holding AG’s decision to postpone its experimental diabetes drug is helping boost shares in Amylin Pharmaceuticals
Inc. and drug partner Eli Lilly and Co.

Power Breakfast Series – Life Sciences – Event

June 18, 2010

Friday July 23, 2010 7:45 AM EST
The Marriott, Downtown

Buckingham thinks big with plans for downtown development

June 23, 2010

Will the latest ambitious downtown development proposal finally master the formula for transforming a downtown surface parking
lot?

Hoosier firms that rely on innovation pine for patent reform

June 24, 2010

One key change would grant patents to the first inventor to file an application, not the first who can prove to have made
the invention first.

IBJ wins national journalism awards

June 28, 2010

IBJ won eight awards at the Alliance of Area Business Publications’ summer conference Saturday in Indianapolis.

Marcadia enlists Lilly to help develop new diabetes drug

June 28, 2010

The two companies will jointly develop a short-acting glucagon drug, which they hope proves more convenient than Lilly’s
current Glucagon for patients with severe hypoglycemia.

Lilly’s Effient steps forward, then back

June 29, 2010

A day after doctors were alerted to a black-box warning that could slow sales of Effient’s main competitor,
Plavix,
a medical journal published research showing that patients suffered 43-percent more cancer tumors on Effient than on Plavix.

Company news

June 29, 2010

Eli Lilly and Co. released a raft of studies Monday about its newest diabetes medicines, Byetta and its
once-weekly cousin Bydureon, which has yet to win market approval from regulators. The upshot of the studies: Patients have
lower blood-sugar levels on Bydureon than those on competing drugs or, if they don’t, they lose more weight on Bydureon.
Also, Lilly and its development partner on Byetta, Amylin Pharmaceuticals Inc., issued a study of 25,000 patients that concluded
the drug causes inflammation of the pancreas no more than other diabetes medicines. In late 2009, the U.S. Food and Drug Administration
publicized and raised concerns over a few patients who died of pancreatitis while on Byetta, but did not conclude the drug
causes pancreatitis. Meanwhile, at least one analyst predicted Indianapolis-based Lilly would acquire San Diego-based Amylin
in the next two or three years.

Good news for orthopedic implant companies: Industry bellwether Biomet Inc. recorded a 10-percent spike
in sales during the three months ended May 31, the Warsaw-based company announced Monday. Its peers, including Warsaw-based
Zimmer Holdings Inc., will report their financial results about a month from now. Biomet enjoyed strong sales growth in its
bread-and-butter hip and knee replacements. Hip sales rose 10 percent and knee sales jumped 15 percent. Sales were boosted
by about 2 percent due to favorable foreign exchange rates compared with a year ago. Sales for the quarter totaled $703 million,
up from $639 million during the same quarter a year ago.

WellPoint Inc. expects the health insurance market to become an “oligopoly,” according to a
presentation by the company’s vice president of investor relations. Michael Kleinman told investors last week in Boston
that the health reform law is moving the industry even more quickly toward dominance by just a few players. “There are
going to be smaller insurers that are not going to be able to survive in this marketplace,” he said. Indianapolis-based
WellPoint already insures 33 million Americans, or about one in nine. The company’s chief financial officer, Wayne DeVeydt,
said previously that he expected to be able to acquire smaller insurers, but not until after health reform fades a bit as
a political issue.

 

Indiana Black Expo Summer Celebration schedule

June 30, 2010

Indiana Black Expo kicks off its 40th annual Summer Celebration July 12 with a full schedule of events.

Grassley asks Lilly, peers about whistleblower treatment

July 1, 2010

U.S. Senator Charles Grassley asked 16 drugmakers, including Eli Lilly & Co., Pfizer Inc. and AstraZeneca Plc, to reveal
how they treat whistleblowers who file complaints under the False Claims Act.

Daniels appoints trustees to IU, Purdue boards

July 1, 2010

Former chair of the National Endowment for the Humanities among IU appointments.

IBJ wins 9 national journalism awards

July 1, 2010

IBJ won eight awards at the Alliance of Area Business Publications’ summer conference June 26 in Indianapolis.

People in the news – July 5, 2010

July 1, 2010

People listings are free.

Lilly acquires biotech company with pancreatic drug

July 2, 2010

Massachusetts-based Alnara Pharmaceuticals Inc., which has attracted $55 million in venture capital in the past two years,
recently submitted its drug to the FDA for market approval.

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