Johnson & Johnson plans new warehouse, 300 jobs in Hendricks County
The distribution arm of the New Jersey-based company plans to spend $110 million on project, which will include specialized handling and storage technologies for medical devices.
Health Care & Insurance
-
Butler researchers point to way to stop deadly coronavirus from spreading
Dr. Christopher Stobart and his students are focusing on an enzyme in the virus that could inhibit its replication, and plan to submit the findings to a virology journal in coming months.
Read More -
Frustrated health consumers turn to apps, websites to find lowest drug prices
In recent years, a host of online websites and smartphone apps—such as GoodRx, Blink Health and Script Saver—have popped up to help people find the lowest price for prescription medicines. By using them, consumers can save thousands of dollars a year on their prescriptions if they don’t mind shopping around and buying some of their drugs outside their insurance plans.
Read More -
Anthem sues senior executive who took job with competitor, demands return of $4M
The Indianapolis-based insurer said the former senior vice president and general manager of its Commercial Business division violated terms of his executive agreement by taking a position as president and CEO of Health Net LLC of California.
Read More -
Lilly reports strong fourth quarter on rising sales of Trulicity, Taltz
The Indianapolis-based drugmaker exceeded analyst expectations for both profit and revenue during the most recent quarter.
Read More
Articles
Indiana spent more than $1 million on dead Medicaid patients, feds say
Indiana’s Medicaid director said the state will recover the payments and return the federal share of more than $800,000. The feds say the problem occurred because Indiana did not enter dead beneficiaries’ information in a federal data bank.
Global markets fall sharply as virus cases spread past Asia
The Dow Jones industrial average slumped more than 3% and gave up all of its gains for the year as a surge in virus cases and a worrisome spread of the disease outside the epicenter in China sent investors running for safety.
U.S. business gauge tumbles to lowest since 2013 on virus
Service providers and manufacturers are noting reluctance among clients to place orders amid the global virus scare.
Local dental tech services company acquired by Atlanta firm
Renaissance Electronic Services, an Indianapolis-based tech company that announced major growth plans in 2016, has been acquired by Atlanta-based Vyne, the companies announced Thursday.
Apple warns China virus will cut iPhone production, sales
The tech giant is warning investors that it won’t meet its second-quarter financial guidance because of the viral outbreak.
IU School of Medicine gets record $189M in NIH research funding
The grants ranged in size from $6,000 to $14.47 million and covered almost every aspect of medicine from neurology and psychiatry to anesthesiology and emergency care.
Stocks rise to records despite fears over virus from China
Health experts don’t know how far the virus will spread and how bad the crisis will get, yet stocks are rallying as if investors are expecting no more than a modest hit to the global economy.
Report: First month of Illinois pot sales netted nearly $40M
Despite shortages, Illinois residents bought more than $30.6 million in January, while out-of-state visitor sales totaled $8.6 million. Dispensaries sold more than 970,000 products.
Two dozen Indiana hospitals to be fined for high rates of infections, patient injuries
Twenty-four Indiana hospitals will be docked by the Centers for Medicare & Medicaid Services—the highest number since the program began six years ago.
China readies cushion for virus shock when markets re-open
China’s central bank announced plans Sunday to inject 1.2 trillion yuan (about $173 billion) into the economy to cushion the shock to financial markets from the outbreak of the new virus when trading resumes Monday.
Delta, American Airlines suspend flights between U.S., China
Delta Air Lines and American Airlines are the first U.S.-based airlines to do so and join several international carriers that have stopped flying to China as the coronavirus outbreak continues to spread.
U.S. advises against travel to China; virus declared emergency
The United Nations health agency defines an international emergency as an “extraordinary event” that constitutes a risk to other countries and requires a coordinated international response.
Anthem sees big jump in quarterly profit, but misses analyst expectations
The Indianapolis-based health care insurer’s earnings more than doubled, to $934 million, in the fourth quarter, compared with $424 million in the same quarter of 2018.
Indiana lawmakers pass bill aimed at addressing health care costs
The Indiana House approved legislation that would attempt to end surprise billing, and the Indiana Senate approved a bill that could establish a statewide all-payer claims database.
China virus outbreak rams global tourism, costing billions
Businesses around the world that have grown increasingly reliant on big-spending tourists from China are taking a heavy hit, with tens of millions of Chinese residents restricted from leaving their country as the coronavirus spreads.
U.S. stocks tumble amid global sell-off on fear of coronavirus
Chinese health authorities have confirmed 2,750 cases of the coronavirus along with 81 related deaths as authorities extended a week-long public holiday by an extra three days as a precaution against having the virus spread still further.
Health care systems scramble to offer latest in cancer care
Indiana University Health’s new Schwarz Cancer Center is the latest addition to a crowded landscape of cancer centers and hospital oncology programs popping up around central Indiana.
Indiana lawmakers backing tougher tobacco sales penalties
The House and Senate will need to reach agreement on a single version in the coming weeks of the legislative session.
Lawmakers push health care cost-saving, price-transparency bills forward
The measures are largely focused on ending surprise billing for patients, creating an all-payer claims database and requiring health care providers to give patients costs estimates in advance.