Takeda, Lilly win 99-percent cut in Actos damages award
Judge Rebecca Doherty in Lafayette, Louisiana, said the jury’s decision to order Takeda to pay $6 billion and Lilly $3 billion was excessive and should be reduced to a total of $36.8 million.
Health Care & Life Sciences
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Seals Ambulance sells to Tennessee firm
Seals Ambulance, with 325 workers and nearly $13 million in revenue, will be acquired by Priority Ambulance, but keep its local leadership and name.
Lechleiter: It’s morning at Eli Lilly
Lilly CEO John Lechleiter kicked off the company’s quarterly conference call with investors and analysts by declaring an end to the “unprecedented challenge” that Lilly lived through the past four years.
Mayors at meth summit call for medication controls
Some of Indiana's mayors and law enforcement officials are urging lawmakers to combat the state's methamphetamine scourge by making some cold medications available only by prescription.
Lilly adds $375M to Zymeworks partnership
Eli Lilly and Co. and Zymeworks said Wednesday that they are expanding a cancer drug development partnership.
The tragedy of electronic medical records
The federal government has spent $27 billion—and hospital systems have spent even more—to roll out electronic medical records across the industry. But even advocates say the results have been “disappointing.”
Purdue getting regional nutrition, obesity center
The U.S. Department of Agriculture has chosen Purdue University to be the site of one of four centers, also to include Colorado State University, Cornell University and the University of North Carolina.
Lilly third-quarter earnings fall below Wall Street’s expectations
The Indianapolis drugmaker's profit tumbled 58 percent as cheaper generic medicines took sales from blockbusters Cymbalta and Evista.
Ruth Lilly Health Education Center to move to Marian campus
The Ruth Lilly Health Education Center has hosted countless school field trips and more than 2 million visitors since it opened in 1989. But it has struggled financially in recent years.
Hilton North closure to cost 46 employees their jobs
Community Health Network Foundation is closing the hotel in December to create room for more hospital development.
Report provides glimpse into liberal concerns about Pence’s HIP 2.0
A new think tank report, which appears to jibe with Obama administration concerns, calls for “significant revision” to the Pence plan.
Obamacare benefiting both hospitals and insurers—for now
Early third-quarter numbers suggest that Obamacare, combined with the lingering effects of the Great Recession, is giving an unusual lift to both hospitals and insurers.
Thousands affected by Medicaid eligibility change
A change in how eligibility for Medicaid is determined could save Indiana $26 million this fiscal year by pushing thousands of residents off coverage but providing first-time benefits to even more at lower costs.
State settles with drug maker over Medicaid fraud charges
The Indiana attorney general’s office has recovered more than $181,000 for the state Medicaid program by joining with other states and the federal government in a fraud settlement.
Eli Lilly to sell Puerto Rico manufacturing facility
The Indianapolis company said it is closing its Guayama facility because the patents on some of the drugs made there have expired.
Health clinic operator plans HQ expansion, 203 new jobs
Activate Healthcare LLC, an Indianapolis-based workplace health clinic operator, plans to expand its local operations, adding as many as 203 employees over the next nine years, state economic development officials announced Friday morning.
Hospitals in quest to shrink emergency room visits
Hospitals around the state have been trying to cut emergency room visits—and Obamacare was supposed to help. But the results have been mixed, according to some local hospitals.
While Pence and Obama dance, these folks are waiting
The Hoosiers waiting for Gov. Mike Pence and President Obama to work out a deal to expand health coverage have median household incomes of less than $10,000, typically have no college education and are disproportionately minorities.
Pence names Adams Indiana’s health commissioner
Gov. Mike Pence has named Indianapolis anesthesiologist Dr. Jerome Adams to be commissioner of the Indiana State Department of Health.
Wal-Mart cuts health benefits for most part-timers
Starting Jan. 1, Wal-Mart will no longer offer health insurance to employees who work less than an average of 30 hours a week. The move, which would affect 30,000 employees, follows similar decisions by Target, Home Depot and others.