Sanctions lifted, WellPoint returns to Medicare biz
Nine months after being suspended as a contractor for the federal Medicare program, WellPoint Inc. is back in the game.
Health Care & Life Sciences
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Medical device developer receives $1M in federal funding
Indianapolis-based FAST Diagnostics, a developer of a method to quickly measure kidney function, announced today that it has
received $1 million in federal funding.
BioCrossroads rolls out orthopedic initiative
With job growth surging in Warsaw’s orthopedic cluster, the life sciences development group BioCrossroads Inc. set out to…
Lilly paid doctors to prescribe Zyprexa, notes say
Eli Lilly and Co. paid doctors in South Carolina for participating in a speakers’ program in exchange for prescribing the
antipsychotic Zyprexa, according to notes by Lilly sales representatives reviewed by Bloomberg News.
Sweetener company Heartland looks for openings in crowded field
Heartland Sweeteners LLC is now a top maker of private-label alternatives to Splenda. The company also
markets its own products directly to consumers.
Oak Street Funding raises $50 million in new capital
German group invests in Carmel-based company that specializes in financial services for insurance agencies.
Hall-Render co-founder returns to law firm
A co-founder of Hall Render Killian Heath & Lyman PC is returning to the downtown law firm more than a decade after
he left it. Rex Killian will lead the firm’s governance consulting practice, which serves both not-for-profit
and for-profit health care clients.
Health information exchanges begin sharing medical records
The Indianapolis-based Indiana Health Information Exchange today began sharing electronic medical records with two similar
organizations across a multi-regional network, the group announced this morning.
Group: Health insurers urged workers to fight reform
A consumer group says health insurers UnitedHealth and WellPoint pressured their employees to contact members of Congress
and lobby against health care reform proposals that the companies disagreed with.
Pfizer to pay record $2.3B penalty over promotions
Pfizer Inc., the world’s largest drug maker, will pay a record $2.3 billion civil and criminal penalty over unlawful prescription
drug promotions, the Justice Department announced today.
Conseco consolidation to save $2.5M a year
Conseco Inc. this morning said it is consolidating three of its insurers into one, a move that will have no impact on employment
but will save the company about $2.5 million annually.
Anthem, St. Francis reach agreement in principle
The St. Francis hospital system has reached a tentative contract agreement with Anthem Blue Cross and Blue Shield of Indiana,
ending a disagreement over insurance reimbursement costs, the parties said today.
Venture firms recapitalize Advanced Physical Therapy LLC
Locally based venture capital firms Cardinal Equity Partners and Centerfield Capital Partners have joined with Chicago-based
bank Harris NA to recapitalize the state’s largest independent physical therapy provider.
Exiting AgroSciences chief shook up strategy, culture
Jerome Peribere shifted Dow AgroScience’s focus toward what he calls “revolutionary solutions."
WellPoint spent $1.2M lobbying in second quarter
WellPoint Inc., the nation’s largest health insurer based on membership, spent $1.2 million in the second quarter to lobby
the federal government on a variety of health care reform-related issues and other topics, according to a recent disclosure
report.
Lilly spent $3.6M on lobbying in second quarter
Drugmaker Eli Lilly and Co. spent nearly $3.6 million in the second quarter lobbying the federal government on health care
reform and trademark issues, among other topics, according to a recent disclosure form.
Lilly stock slips after analyst downgrade
The price of Eli Lilly and Co.’s stock veered lower this morning after a Goldman Sachs analyst downgraded her rating from
neutral to sell.
High-ranking WellPoint exec stepping down
WellPoint Inc.’s internal audit and chief compliance officer – and highest-ranking black executive – will leave the company
later this month, according to a companywide e-mail sent out yesterday.
Union sues Conseco over restatement
Carmel-based Conseco Inc. faces a shareholder lawsuit by a union pension fund over an earnings restatement the company made
18 months ago.
Cook predicts blockbuster with new stent
Bloomington-based Cook Medical has won European approval for a new artery-opening device for the legs that it predicts will
be a blockbuster.