IU Health Foundation raises $19.1M in first full year
The new fundraising arm of IU Health said it exceeded its first-year goal by more than 300 percent, allowing it to expand its grants program statewide.
Health Care & Insurance
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Residents of Carmel senior community owed $52M in development’s bankruptcy
Mayflower Communities of Dallas, owner of 271-unit Barrington complex, has filed for bankruptcy after missing three bond payments and falling into default.
Indy startup Outpost Medicine draws in big money to develop drug therapies
For a startup that has raised an eye-popping $71 million in just three years, Outpost Medicine LLC likes to keep a low profile. The young company, which is developing drugs for urinary and gastrointestinal disorders, is headquartered in small, unmarked space at the Parkwood Crossing office complex on East 96th Street. It has issued only a […]
Developer of proposed hospital in Carmel agrees to use tax covenant
The developer that owns the land where Franciscan Health plans to build a $130 million orthopedic center in Carmel told city officials this week that taxes will be paid on the real estate in perpetuity, even if it sells the land to the health care system in the future.
Eli Lilly negotiated its largest deal ever at breakneck speed
When the Indianapolis-based drug giant made its initial offer Dec. 20, it said it wanted to seal the deal before the J.P. Morgan Healthcare Conference, which ran Jan. 7-10 in San Francisco.
Committee OKs bill that boosts age to buy cigarettes, e-liquids to 21
Senate Bill 425, authored by Sen. Randy Head, R-Logansport, would also prevent anyone under 18 from entering designated smoking areas in clubs and cigar stores.
Cook Medical ordered to pay $3M to patient hurt by blood filter
The Bloomington-based maker of medical devices said Wednesday it would appeal the verdict of a federal jury in Indianapolis, which found the device was defectively designed. More than 4,000 patients have filed lawsuits.
Rokita lands job with Indianapolis health benefits company
Todd Rokita, who represented Indiana’s 4th district from 2010-2018 and served as secretary of state from 2002-2010, has taken a job as general counsel and vice president of external affairs for Apex Benefits.
Lilly shares dip due to drug failure, lowered forecast
The Indianapolis-based pharmaceutical giant on Wednesday tempered expectations for its earnings in 2019 after a promising cancer drug failed to pan out and the firm prepared for big acquisition.
UPDATE: Indiana, Kentucky Planned Parenthood enters Western alliance
Planned Parenthood's affiliate overseeing Hawaii and three western states announced Friday that it was adding Indiana and Kentucky, a first-of-its-kind consolidation based not on geography but on reallocating resources to fight new abortion restrictions.
Trump targets drug middlemen with ‘devastating’ rebate overhaul
The Trump administration Thursday unveiled a plan to channel now-hidden prescription drug rebates directly to patients, saying it would bypass middlemen and lower prices for consumers.
Community’s new east-side digs feature big ER, modern amenities
When the $175 million hospital opens in stages over the next two weeks, patients and visitors will see a major upgrade in facilities.
For hospitals, babies are big business
For hospitals, maternity care builds relationships with young families that often last for decades. About 40 percent of women experience their first encounter with hospitals for reproductive services.
Drug shows promise against blood cancer
Researchers, led by Purdue chemistry professor Herman O. Sintim, are developing a series of drug compounds they say have shown promise in treating acute myeloid leukemia.
Insurer Anthem unveils better-than-expected 2019 forecast
Shares of the nation's second-largest health insurer soared after Anthem said it expected adjusted earnings in the new year to be better than $19 per share.
Harvard study involving Anthem unit finds older insulins are both safe, cheaper
Increasingly, top researchers are questioning whether drugs such as Lantus from Sanofi, Levemir and Novolog from Novo Nordisk A/S, and Humalog from Eli Lilly and Co. are really needed for many patients.
Senators threaten to force drug execs to testify about prices
Sen. Ron Wyden, the ranking Democrat on the committee, singled out Humalog, an insulin made by Indianapolis-based Eli Lilly and Co, as a drug with unwarranted price hikes.
Lilly cancer drug shouldn’t be started in new patients, FDA says
Lartruvo shouldn’t be started in new patients, and those patients already taking it should ask their doctors if they should continue, U.S. regulators said, following a key study that failed to show the medicine prolonged lives.
Health care systems increasingly allowing patients to rate doctors
Indiana University Health and Community Health Network have joined the national trend of posting online reviews, in a quest to win prospective patients and boost transparency.
Marian University interested in taking over state mental hospital site
The private university has started conversations with the state for assuming control of the site that holds Larue D. Carter Memorial Hospital, which will close later this year.