Lilly’s $7M tax-abatement request advanced by City-County Council panel
The proposed tax abatement is related to a $91 million investment the company is making in a building at the Lilly Technology Center on Kentucky Avenue.
Health Care & Insurance
Articles
Partner on St. Vincent neighborhood hospitals had big ambitions but flamed out
Just 20 months ago, Tandem Hospital Partners had set up a joint venture with St. Vincent to develop a series of tiny hospitals. Today, the results are far different from what either company probably imagined.
FDA chief Gottlieb steps down after nearly two years
Scott Gottlieb bucked expectations by pushing the agency to expand its authorities in several key ways, including an unprecedented effort to make cigarettes less addictive by requiring lower nicotine levels .
IU, two other colleges win $10M grant to study bone-muscle health
Researchers say they are particularly interested in developing therapies for osteosarcopenia, a condition marked by the loss of bone density and muscle mass, common in older people.
Indiana’s life sciences sector growing in jobs, wages, companies
A new study by BioCrossroads and Indiana University shows the sector’s economic impact grew about 1 percent last year, to $79 billion.
Cigna CEO expressed regret about merger that later failed
While publicly backing his company’s 2015 merger with rival health insurer Anthem, Cigna’s CEO privately expressed regret about signing on to a deal that left him with a reduced role, lawyers for Anthem said in court Monday.
Lilly to introduce generic version of insulin at half off Humalog’s list price
The move comes at a time drug makers, especially those that make insulin, are facing withering criticism for raising prices.
IU Health says operations strong, but investment losses pull down earnings
The state’s largest health system said earnings from operations climbed 4 percent, but investment losses pulled down total earnings by 70 percent.
Ex-Anthem CEO Swedish says leadership dispute led to war with Cigna
Anthem and Cigna are battling in court over whether one owes the other billions in damages for the collapse of their proposed merger.
Indiana hospital closure to cost 200 people their jobs
A southern Indiana hospital that's struggled financially will close this spring after a decade of operation.
Protective Insurance posts largest annual loss in decades
The Carmel-based company, which focuses on the transportation industry, also cut its dividend from 28 cents per share to 10 cents per share.
Democrats unveil ‘Medicare for all’ bill favored by liberal base
A leader of House Democrats’ progressive wing is proposing “Medicare for all” legislation that would replace almost all private health insurance, winning endorsements from many of its top presidential contenders.
Anthem says bid to save Cigna merger was ‘cut off at knees’
Cigna Corp. officials did everything they could to sabotage a $48.9 billion merger with Anthem Inc., Anthem’s general counsel told a judge Monday.
Roche makes $4.8 billion acquisition bid for gene-therapy company
Spark Therapeutics Inc. will give Roche Holding a chance to make up ground in a field where single treatments may command more than $1 million. It also snaps up an asset that rivals like Novartis might have coveted.
Indiana bill proposes felony charge if doctor misuses sperm
The Indiana Senate has approved a bill allowing felony charges if the deception involves a medical procedure, device, drug or human reproductive material.
Amazon’s latest target is pharmacy disruption
As the online retailer has moved into new industries over the years, consumers have flocked to it and numerous traditional retailers have closed their doors, unable to compete.
Holcomb announces $750,000 in grants to fight drug crisis
Gov. Eric Holcomb’s office announced this week that 10 substance abuse coalitions each will receive a $75,000 grant to develop, improve and enhance treatment and recovery initiatives.
CNO Financial posts fourth-quarter profit but full-year loss
The Carmel-based insurance holding company said last week that a previously reported third-quarter transaction hurt its full-year financial results.
Lilly, other insulin makers must face price-gouging lawsuit, judge rules
The suit accuses the companies of raising insulin sticker prices by more than 150 percent over five years, forcing diabetics to forgo the drug, take less insulin than needed or use expired versions
Shelbyville hospital to partner with YMCA on indoor pool, health center
Major Health Partners is providing most of the money for the project—$15 million—and the city of Shelbyville and Shelby County each are committing nearly $1.6 million.