OneAmerica Financial Partners Inc. has called off its deal to swallow up a Virginia-based life insurer-less than three months after striking the agreement. American United Mutual Insurance Holding Co., one of OneAmerica’s companies, said that it terminated its letter of intent to acquire Shenandoah Life Insurance Co. yesterday, according to a statement released today by […]
Dan Krajnovich thinks UnitedHealthcare’s new and improved swipe cards will help his company add more doctors to its network of providers, boosting its competitiveness in the marketplace. The cards, which can be swiped through any credit-card style reader, gives providers access to a secured UnitedHealthcare Web portal that includes a patient’s past medical claims, specifics […]
Indiana Medicaid officials want to take over management of all its patients’ prescription drugs because they say it could save the state as much as $40 million a year.
ISM Loans is waiting to re-enter markets after halting its lending, changing its leadership and cutting 100 workers.
Stock prices of health insurers, including WellPoint Inc., likely will rise now that Tom Daschle has withdrawn as President Barack Obama’s nominee for secretary of Health and Human Services. At least that’s the opinion of one health care stock analyst, Les Funtleyder of Miller Tabak & Co. in New York. “In our judgment this development […]
Stock prices of health insurers, including WellPoint Inc., likely will rise now that Tom Daschle has withdrawn as President Barack Obama’s nominee for secretary of Health and Human Services. At least that’s the opinion of one health care stock analyst, Les Funtleyder of Miller Tabak & Co. in New York. “In our judgment this development […]
The Turtles crooned that they were “so happy together.” But Cook Medical is thinking just the opposite. It has split its interventional devices business into two units, pulling its lesser-known cancer products out from under the shadow of its heart products, such as metal stents and angioplasty balloons used to prop open arteries. Cook hopes […]
WellPoint Inc. intends to use proceeds from a $1 billion bond sale to buy more of its own stock and repay short-term debt. The Indianapolis-based health insurer sold $400 million of five-year bonds and $600 million in 10-year bonds, according to securities filings. The bonds pay interest of 6 percent and 7 percent, respectively. The […]
WellPoint Inc. intends to use proceeds from a $1 billion bond sale to buy more of its own stock and repay short-term debt. The Indianapolis-based health insurer sold $400 million of five-year bonds and $600 million in 10-year bonds, according to securities filings. The bonds pay interest of 6 percent and 7 percent, respectively. The […]
Eli Lilly and Co. got good news and bad news Friday. The same day U.S. regulators recommended Lilly’s blood thinner prasugrel for market approval, one of the Indianapolis pharmaceutical company’s partners reported poor clinical results for one of its most promising drugs. Canada-based BioMS Medical Corp. said its lead drug for treating relapse remitting multiple […]
Lilly executives want to make biotech their top focus.
Obesity and smoking rates are little changed since Indiana Gov. Mitch Daniels took office in January 2005.
To survive in an uncertain future, Eli Lilly and Co. needs drugs that develop faster and cheaper and that perform better. Biotech drugs, Lilly executives insist, fit that bill. That’s why Lilly shelled out $6.5 billion to buy the biotech fi rm ImClone Systems Inc. in November, six months after it opened its own $1 […]
Bill Wisniewski, a salesman from Munster, has shed 86 pounds in the past year with help from the “Ready, Set, Walk” campaign run by the INShape Indiana program. The 56-year-old said INShape’s e-mail tips helped him set a routine and work through pain as he ramped up to walking 70 minutes a day. As the […]
Even after Eli Lilly and Co. wiped out its 2008 profit to buy ImClone Systems, CEO John Lechleiter said his company still has plenty of powder for more purchases. But Lechleiter said he has no plans to do a mega-deal on par with Pfizer Inc.’s acquisition of Wyeth, announced this week. Instead, Lechleiter wants to […]
Even after Eli Lilly and Co. wiped out its 2008 profit to buy ImClone Systems, CEO John Lechleiter said his company still has plenty of powder for more purchases. But Lechleiter said he has no plans to do a mega-deal on par with Pfizer Inc.’s acquisition of Wyeth, announced this week. Instead, Lechleiter wants to […]
Eli Lilly and Co. posted a $3.6 billion fourth-quarter loss because of its $6.5 billion acquisition of New York-based ImClone Systems Inc. Not counting that deal, however, Lilly’s profits beat the expectations of Wall Street analysts by two cents per share. Indianapolis-based Lilly earned $1.07 per share excluding the ImClone purchase. Analysts were expecting $1.05 […]
WellPoint shares surged after it reported fourth-quarter earnings that were battered by investment losses and job cuts. Shares of the Indianapolis-based health insurer closed at $44.50 today, up more than 4 percent on the day. The broader markets also rose on President Barack Obama’s plan to create a so-called “bad bank” to remove toxic mortgage assets […]
WellPoint shares surged after it reported fourth-quarter earnings that were battered by investment losses and job cuts.Shares of the Indianapolis-based health insurer rose 4.3 percent in the first hour of trading, faster than the broader markets, which climbed on President Barack Obama’s plan to create a so-called “bad bank” to remove toxic mortgage assets from […]
President Barack Obama’s economic stimulus bill provides a big opportunity for the Indianapolis-based Indiana Health Information Exchange to spread its expertise around the country. The organization created a company called Mergetics Inc. last year to help other cities set up health information networks similar to the Indiana Health Information Exchange. Obama’s bill, as it currently […]
