FDA approving drugs at accelerated pace
Thirty-four new drugs—treating everything from cancer to rare genetic diseases—have been approved so far this year. That’s on pace to nearly double last year’s approvals.
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Struggling Endocyte spending millions for rights to prostate-cancer drug
After struggling for more than 20 years to develop cancer drugs without success, West Lafayette-based Endocyte Inc. is pausing it own R&D efforts to concentrate on a potential blockbuster drug from a German chemical company.
Lilly names new CFO, head of R&D
The appointments mark the latest changes in the Indianapolis-based drugmaker’s executive suite since David Ricks took over as CEO in January.
FDA approves Lilly drug for common advanced breast cancer
U.S. regulators have approved a new medicine for treating a common type of breast cancer after it has spread to other parts of the body.
EILENBERG: Is pharma the cause or solution to the opioid crisis?
Unfortunately, what started as a solution for pain turned into a crisis that is killing people.
Employers, workers brace for another round of health premium increases
The National Business Group on Health is projecting the total cost of providing medical and pharmacy benefits to increase 5 percent for the fifth consecutive year in 2018.
Lilly breast cancer drug results could challenge Pfizer pill
li Lilly and Co.’s experimental breast cancer drug abemaciclib, when combined with standard therapy, slowed the progression of tumors in patients with an advanced form of the disease.
Greenwood hospital closure to eliminate 86 jobs
The upcoming closure of Kindred Hospital Indianapolis South in Greenwood will take place in November, the hospital’s owner said Friday in a notice to the Indiana Department of Workforce Development.
Lilly eliminating 3,500 jobs as part of cost-cutting plan
Indianapolis-based pharmaceutical giant Eli Lilly and Co. said the 3,500 jobs represent 8.3 percent of its global workforce. Lilly hopes the cuts will save it $500 million a year.
Lilly competitor reaches $46.5M settlement with U.S. over safety info
Danish drugmaker Novo Nordisk says it has reached a settlement over allegations that it hadn’t properly communicated safety information when marketing a medicine to treat type 2 diabetes.
Lilly shares rise on surprising news from FDA on arthritis drug
The Indianapolis drugmaker said it will not be required to conduct another expensive, time-consuming clinical trial for the potential blockbuster.
Pacers lift curtain on $50M downtown training complex
The St. Vincent Center combines team training facilities—including regulation-sized courts, cushy recovery amenites and an underwater treadmill—with health care services for the public.
Anthem to stop selling individual plans in much of Virginia
Anthem's departure—along with Aetna and UnitedHealthcare—means only one insurer will offer individual plans in more than half of Virginia's counties and independent cities next year.
Trump lashes out after Merck exec resigns from president’s council
President Donald Trump criticized drug prices immediately after Merck & Co.’s CEO quit the president’s council of manufacturing executives Monday, to take a “stand against intolerance and extremism.”
Lilly, other drug giants hunt for patients in India’s remote corners
Global pharmaceutical companies including Indianapolis-based Eli Lilly and Co. are heading into smaller cities and rural areas to learn about the health care needs of about 70 percent of India’s population.
Lilly to pay up to $400M to buy rights for early-stage immune drug
The deal is Eli Lilly and Co.’s latest push into a growing disease area for such disorders as arthritis, lupus and multiple sclerosis.
Home Health Depot acquired by Florida-based Lincare
Home Health Depot became one of the country’s fastest-growing medical companies under the leadership of former equipment sales rep David Hartley and ex-Indiana Commerce Secretary Nate Feltman.
British Supreme Court rules in Eli Lilly’s favor in drug dispute
Britain's Supreme Court has ruled in favor of Eli Lilly and Co. in a patent dispute with generic drugmaker Actavis over Lilly's Alimta cancer treatment.
St. Vincent unveils first of four planned micro-hospitals
The scale is small, and that’s what St. Vincent Health sees as a big selling point to its newest hospital: convenience and quick care—15 minutes or less to see a doctor, and just a few minutes from home for people who live in Noblesville.
Lilly, Purdue seek medical advancements in new $52M collaboration
Eli Lilly and Co. announced the “strategic research collaboration” Thursday morning, calling it the largest agreement of its kind between Purdue and a single company.