WellPoint’s third-quarter profits beat expectations
WellPoint Inc.’s third-quarter profits fell 11 percent, the company reported this morning, but still soared above analysts’ expectations.
Health Care & Insurance
Articles
Lilly to move 1,000 from Faris campus
As it shrinks its work force, Indianapolis-based pharmaceutical firm Eli Lilly and Co. will move more than 1,000 employees to its corporate
center
by mid-2010.
Indy Chamber of Commerce endorses smoking ban
The Indianapolis Chamber of Commerce is throwing its weight behind a tougher workplace smoking ban up for consideration tonight
by the City-County Council.
Lilly settles Zyprexa case with S. Carolina for $45M
South Carolina Attorney General Henry McMaster said Friday that the state has reached a $45 million settlement with drug maker
Eli Lilly and Co. over the company’s marketing of an anti-psychotic drug.
Experts: Feds’ antitrust move poses few risks to health insurers
Democratic lawmakers are seeking to stir up competition by stripping health insurers like Indianapolis-based WellPoint of
their protection from certain federal antitrust laws, although experts shrug off the effort as largely symbolic.
Gregory & Appel celebrates anniversary by writing 125 checks to charity
The awards of $500 each total $62,500. “In lieu of doing a party, it was more
appropriate and more the corporate culture of Gregory & Appel to do something charitable,”
Vice President Steve Appel said.
Cook Group Inc. owner says health reform’s tax on medical devices could kill jobs
Bloomington-based Cook Group Inc. might have to cut as many as 1,000 local jobs if Congress enacts a tax on medical devices
to pay for health care reform, company founder Bill Cook said in an interview.
KATTERJOHN: Get out and vote for Wishard
You know, there’s an election on Nov. 3, right? We’re not voting for president, governor,
mayor, or even dog catcher. We’re voting for a critical piece of the health care delivery system in central Indiana: whether to allow Marion County
Health & Hospital Corp. to sell bonds to build a new Wishard Hospital.
Eli Lilly CEO banking on new drug pipeline
CEO John Lechleiter says Lilly’s pipeline has helped it rebound from significant patent losses three times during his 30-year
career at the company. He’s betting there will be a fourth.
Zimmer profits fall, but beat expectations
The Warsaw-based company recorded a third-quarter profit of $150 million, down 30 percent from the same quarter a year ago.
Goodwill executive to lead national health care board
Goodwill Industries executive Keith Reissaus has been tapped to run Washington, D.C.-based Leapfrog Group, an industry coalition.
Reissaus gained control of health care costs by giving employees incentives to care about their health.
Lilly, GE announce cancer diagnostic breakthrough
Eli Lilly and Co. and General Electric Co. say they’ve made a breakthrough in cancer research that could help Lilly cut the size and cost of its clinical trials.
Drugs in our water
Researchers are finding a host of pharmaceutical residues in tributaries to the White River, from which Indianapolis and other
cities draw drinking water.
Democrats eye insurance industry’s antitrust protection
Top Senate Democrats intend to try to strip the health insurance industry of its exemption from federal antitrust laws, according
to congressional officials, the latest evidence of a deepening struggle over President Barack Obama’s effort to overhaul the
health care industry.
Bristol-Myers Squibb plans 113 job cuts in southern Indiana
Drugmaker Bristol-Myers Squibb Co. plans to close one of its southern Indiana facilities and cut jobs at another.
Lilly reports $942 million profit in third quarter
Excluding special items, Eli Lilly and Co.’s earnings per share spike 22 percent on the strength of Alimta, Cymbalta and Humalog
sales. Lilly’s revenue rose 7 percent in the quarter over the same period of 2008,
to $5.56 billion.
Cook: Tax could kill 1,000 jobs in Bloomington
Bloomington-based Cook Group Inc. could find itself cutting as many as 1,000 local jobs if Congress enacts a tax on
medical devices to pay for health care reform, company founder Bill Cook said in an interview.
Medco plans to compare Plavix, Effient in study
Medco Health Solutions Inc. said Tuesday it will compare the blood thinner Plavix, the world’s second-best selling drug, with
Effient, a potential blockbuster drug sold by Indianapolis-based Eli Lilly and Co.
Cook calls for new approach to health reform
Founder of medical device firm says Congress should fund network of low-cost clinics.
Afraid to die
Fear of death may be causing Americans to expect too much from our medical system when it comes to prolonging the lives of
the old and infirm.