Sale of local medical-device maker could bring $200 million
PTS Diagnostics, with about 150 employees in Indianapolis, said Monday it has entered a definitive agreement to be acquired by China-based Sinocare Inc.
Health Care & Insurance
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Indiana to get $9.2M in drug discount case settlement
Drugmaker Pfizer Inc. agreed to pay a total of $785 million to resolve allegations that one of its companies didn't give Medicaid the same discounts it provided to private purchasers of the heartburn treatment Protonix.
Mainstreet Property sues state over nursing-home building ban
Carmel-based Mainstreet Property Group is suing the Indiana State Department of Health in a legal challenge to the state’s new moratorium on nursing homes and transitional care properties.
CNO misses mark with lower quarterly revenue, profit
CNO Financial Group Inc. on Wednesday reported quarterly results that fell short of Wall Street predictions.
Anthem, others expand hepatitis C drug coverage after probe
Seven insurers, including Indianapolis-based Anthem Inc., reached an agreement with New York Attorney General Eric Schneiderman to cover hepatitis C drugs for patients in the early stages of the disease and for drug and alcohol users.
Anthem voices optimism on exchange growth prospects
The Indianapolis-based insurer essentially broke even on its Obamacare exchange business last year.
Lilly sales rise, but higher costs push down profit
Lilly got a boost from a stable of new drugs but saw sales tumble for longtime stalwarts Cymbalta and Humalog. Meanwhile, R&D costs rose as the company ushered products through its late-stage pipeline.
Bristol-Myers drug tops Lilly’s Erbitux in cancer study
Bristol-Myers Squibb Co.’s blockbuster cancer drug Opdivo prolonged survival in cases of recurrent head and neck cancer, a first for patients with the harshest form of the disease who often face a bleak prognosis.
UnitedHealth to exit all but a few Obamacare states
UnitedHealth Group Inc., the biggest U.S. health insurer, said it expects to lose about $650 million on the Obamacare plans this year.
CNO Financial shakes up senior executive team
The Carmel-based company has a hired a president and promoted longtime exec Erik Helding to chief financial officer. The company also announced the departure of its chief business officer.
Insurer UnitedHealth starts pruning ACA exchange business
The nation’s biggest health insurer has decided to stop selling coverage on public insurance exchanges in two states next year and is continuing to evaluate its presence in other markets after reporting steep losses.
Medicare plan on payment for cancer drugs stirs battle
A Medicare proposal to test new ways of paying for chemotherapy and other drugs given in a doctor's office has sparked a furious battle, and cancer doctors are demanding that the Obama administration scrap the experiment.
Transplant surgeon blasts IU Health after exit
Dr. Joseph Tector, who built IU Health’s transplant program into one of the nation’s largest before announcing his departure Friday, is seeking back wages and penalties worth $4.7 million from the hospital system.
IU Health’s top transplant surgeon leaves for Alabama position
Indiana University Health’s Joseph Tector, who built the transplant program into one of the nation’s largest, has resigned after 15 years to take a job at the University of Alabama in Birmingham.
Insulin’s surging price turns diabetes staple into luxury good
The three drugmakers that dominate the world diabetes market—Eli Lilly and Co., Novo Nordisk A/S and Sanofi—are introducing improved forms of insulin, with a price tag to match.
Planned Parenthood sues Indiana over new abortion law
The new measure, signed by Gov. Mike Pence late last month, bans abortions sought because of fetal abnormalities, including those that can lead to later miscarriages, and mandates fetal remains be either cremated or buried.
Allergan, Pfizer call off proposed record $160B merger
The biggest U.S.-based drugmaker, Pfizer Inc., will stay put thanks to aggressive new Treasury Department rules that succeeded in blocking Pfizer from acquiring rival Allergan and moving to Ireland—on paper—to reduce its tax bill.
Indiana mandates concussion training for public coaches
Starting in July 2017, all coaches for every public school sport offered to students in grades five through 12 must complete a course on how to spot symptoms of concussions.
Purdue research team makes Zika virus breakthrough
The findings could help develop treatments for the mosquito-borne virus, which has swept through 33 countries and has been declared an international public health emergency by the World Health Organization.
Hospitals try to cut readmissions, avoid steep federal penalties
Across Indiana, 64 hospitals are facing total federal penalties this year estimated at $9.3 million, according to the Indiana Hospital Association. Nationally, hospitals will pay an estimated $420 million.