Eli Lilly and Co. plans to launch a second Phase 3 clinical trial of one of its experimental Alzheimer’s medicines. The Indianapolis-based drugmaker announced today that it hopes to test its gamma secretase inhibitor in 1,100 patients from 22 countries. Doctors will give the drug, known as LY450139, to patients over 21 months, adjusting the […]
Eli Lilly and Co. will learn a lot about its future today. The U.S. Food and Drug Administration is scheduled to rule on Lilly’s new blood-thinner prasugrel today after a nine-month review of clinical trial data. If approved, prasugrel will go on the market immediately under the name Effient. Prasugrel is the first big test […]
Three-quarters of Indiana stocks for which short-selling has been banned have lost value since the ban took effect last week. Fifteen of the 20 Indiana financial services firms put on the list by the U.S. Securities and Exchange Commission on Sept. 18 have seen their shares drop. The SEC banned short-selling because of concern that […]
WellPoint Inc. touts as the company’s biggest strength its dominant market share in its health insurance markets. But now
the officers of the company are working to branch out beyond health insurance. They’re training their sales force
on how to better sell dental, vision and even life and disability insurance–which WellPoint refers to as its specialty group
of products.
J. Patrick Rooney, an Indianapolis insurance executive who championed health savings accounts and school vouchers, has died. He was 80. Rooney, the former CEO of Golden Rule Insurance Co., was found dead this morning, according to his long-time personal attorney John Sullivan. Rooney apparently died in his sleep, Sullivan said. Until shortly before his death, […]
Lilly Endowment Inc. is still on its journey to sell off $2 billion of its Eli Lilly and Co. shares. But after a slow start and a few stops for rest, it may take a little longer to get there than originally thought. The endowment, the single largest holder of Lilly stock, announced its plan to diversify its holdings back in July 2006. For nearly 70 years, the not-for-profit held its wealth almost exclusively in the pharmaceutical company’s stock. So…
Another mansion once owned by a Conseco Inc. executive will serve as the next year’s Decorators’ Show House. Donald and Patricia Gongaware’s French-style estate in Westfield will get an interior makeover from designers as part of the annual fund raiser staged by St. Margaret’s Hospital Guild. In 2006, the guild used the Carmel mansion formerly […]
Conseco Inc. just wants its $10 million back. But federal judges keep saying no. The Carmel-based insurance company lost another round in court yesterday when the U.S. Court of Appeals for the Seventh Circuit affirmed that an insurance policy that Conseco once held cannot be applied to the $10 million Conseco paid in 2005 to […]
Indianapolis-based hospital system Clarian Health is moving to bring Muncie-based Cardinal Health System, parent of Ball Memorial Hospital, into its fold by the end of the year. Directors of both hospital systems have voted unanimously to enter into a letter of intent and exclusive discussions, which could lead to a merger, according to a joint […]
Regional economic development experts say cities must woo talented people while they’re young–in
their 20s or early 30s–because, after that age, people tend to hunker down. The Indianapolis area apparently appeals to at
least two key groups of young people–particularly those already married, according to a new study by researchers at IUPUI.
Gibson Insurance Group is the latest benefits broker to get more serious about wellness. The South Bend-based firm, which has an office in Indianapolis, has hired a dedicated wellness director to help its clients refine and assess their wellness programs for workers. Nicole Fallowfield, the former vice president of sales for Principal Wellness Co. in Indianapolis, will work out of Gibson’s downtown Indianapolis office but serve Gibson’s clients throughout Indiana. By hiring Fallowfield, Gibson joins a budding trend among brokers…
Eli Lilly and Co. continued to press its case for regulatory approval of its blood thinner prasugrel today by releasing two more studies offering new analysis of prasugrel’s clinical trial data. The release comes weeks before the U.S. Food and Drug Administration is scheduled to rule on whether the drug should be allowed onto the […]
Elanco, the animal health division of Eli Lilly and Co., will move into a new 135,000-square-foot headquarters in Greenfield by the spring of 2010, the company announced today. Elanco’s new offices will go up on the northwest corner of State Road 9 and I-70, where Indianapolis developer Browning Investments Inc. is building a 52-acre life […]
Carmel startup wades into Florida hurricane market Firm pioneers product to cover insurance deductibles The turbulent winds that hit the property-casualty insurance market after the destructive Gulf Coast hurricanes of 2004 and 2005 have blown over Indiana with hardly a bent weather vane. But that hasn’t stopped a new Carmel company from trying to make a buck helping Florida homeowners and businesses handle their now-staggering insurance costs. This month, Citon Group Inc. started marketing its new breed of insurance-designed to…
Doc pay-for-performance program set to launch Quality Health First signs up Anthem, 700 doctors After four years of development, a payfor-performance plan for Indianapolisarea doctors will officially launch Oct. 1. Quality Health First, the latest service of the Indiana Health Information Exchange, now has 700 primary-care doctors signed up to receive its reports on the quality of the care they give. And perhaps even more important, the program has contracted with Anthem Blue Cross and Blue Shield of Indiana as…
The turbulent winds that hit the property-casualty insurance market after the destructive Gulf Coast hurricanes of 2004 and 2005 have blown over Indiana with hardly a bent weather vane. But that hasn’t stopped a new Carmel company from trying to make a buck helping Florida homeowners and businesses handle their now-staggering insurance costs. This month, Citon Group Inc. started marketing its new breed of insurance-designed to cover hurricane deductibles-to Florida insurance agents. “We’re really at the very beginning of this….
After four years of development, a payfor-performance plan for Indianapolisarea doctors will officially launch Oct. 1. Quality Health First, the latest service of the Indiana Health Information Exchange, now has 700 primary-care doctors signed up to receive its reports on the quality of the care they give. And perhaps even more important, the program has contracted with Anthem Blue Cross and Blue Shield of Indiana as the first health insurer to offer bonus payments to doctors based on how well…
Quadraspec Inc. has snagged another $2.5 million in capital that the West Lafayette-based company hopes will carry it to the point of launching its diagnostic products for human use. Indianapolis-based Clarian Health Ventures led the funding round, contributing more than $625,000. Three other firms also joined in, including Michigan-based EDF Ventures, Carmel-based Spring Mill Venture […]
Eli Lilly and Co. said its depression drug Cymbalta showed some effectiveness against chronic low back pain, according to data presented today in Spain. The study gives Lilly evidence to perhaps get Cymbalta approved to treat yet another medical condition. The drug already has approval to treat depression, generalized anxiety disorder, diabetic nerve pain and […]
That’s when new tax benefits kick in for an unusual kind of long-term-care insurance, called asset-based longterm care. The Indianapolisbased life insurer is betting those tax breaks send a wave of money flooding toward asset-based long-term-care policies, which one of its subsidiaries has sold for nearly 20 years. With people living longer and the 70 million baby boomers aging, the need to pay for long-term care, such as in-home elder care and assisted-living facilities, is sure to rise. “We see…
