Lilly reports surging profit, raises full-year guidance
The Indianapolis-based pharmaceutical company’s first-quarter performance was driven by strong sales of leading drugs for diabetes, cancer and other diseases.
John Russell
Articles
MBX Biosciences gets FDA green light to move second drug into human testing
The U.S. Food and Drug Administration gave the green light to MBX to test a drug for post-bariatric hypoglycemia, a rare disease and a serious complication of bariatric surgery, the company said Monday.
Duke Energy’s coal-gasification plant goes 3 months without producing power from coal
Duke Energy Corp.’s $3.5 billion Edwardsport plant was costly to build because of its ability to produce gas from coal. But the plant generated all of its electricity from natural gas in April, May and June.
Riley Children’s Foundation lands $10M gift from Walther Cancer Foundation
Walther will provide a one-for-one match for donors who establish endowed children’s cancer research funds at Riley Children’s Foundation, a move that could result in at least $20 million for research of new treatments of children’s cancers.
Marathon Health buys Missouri firm in move that boosts membership by 32%
The acquisition will add about 300,000 members to Indianapolis-based Marathon Health’s network and expand its footprint in 15 states where the two companies do business.
California firm terminates $875M acquisition of Cook Medical unit, FTC says
The Federal Trade Commission said CooperCompanies’ decision to abandon the deal “ensures that critical reproductive health markets remain competitive.”
IU Health’s new pharmacy hub aims to cut costs
Indiana University Health’s 70,000-square-foot pharmacy hub and distribution center in Plainfield has enough pills, lotions, and infusible and injectable drugs under one roof to supply its 16 hospitals and hundreds of clinics for weeks.
20 Hoosiers in health care and life sciences among Indiana 250’s most influential leaders
The list includes a hospital executive who collects guitars but can’t play them, and a health insurance leader whose dream job is to become a professional sports coach.
AES Indiana top exec leaving in latest departure from Indy-based utility
Kristina Lund’s departure means that AES Indiana, formerly known as Indianapolis Power & Light Co., will have gone through five presidents in the past eight years, with some of them lasting less than one year.
Franciscan Health parent to shift 61 employees to outside firm
The moves will affect employees in Indianapolis, Beech Grove, Lafayette, Michigan City, Dyer, Crown Point and Munster.
Riverview Health CEO anticipates growth despite recent red ink
It’s turnaround time at Riverview Health, the small, 114-year-old hospital system owned by Hamilton County, which is trying to deal with competition from larger health care systems.
Alzheimer’s caregivers watching closely as drugs finally hit market
More than 110,000 Hoosiers suffer from Alzheimer’s disease, which robs people of their memories and abilities to do daily tasks, and is the nation’s sixth-leading cause of death.
IU Health aims to award 30% of downtown hospital project to diverse contractors
IU Health expects to give about $690 million worth of work to diversity contractors. That’s 30% of $2.3 billion—the amount the hospital system says the project is worth after subtracting the cost of expensive medical equipment such as imaging scanners.
IU Health to end Blackford Hospital’s ER, inpatient services
The move means that patients who need acute hospital care, such as surgery or trauma care, will need to travel more than 20 miles to Jay Hospital in Portland, Ball Memorial Hospital in Muncie or Marion General Hospital in Marion.
Drugmakers warn new law will deter discoveries
David Ricks, CEO of Indianapolis-based drugmaker Eli Lilly and Co., is turning up the volume on his concerns over a new law that would allow Medicare, for the first time, to negotiate drug prices.
Eli Lilly to acquire Massachusetts-based biotech for $309M
The Indianapolis-based drugmaker said it will acquire Sigilon Therapeutics Inc., a six-year-old startup that is developing a technology to help type 1 diabetes patients restore insulin production over sustained periods.
AES Indiana seeking permission to raise electricity rates by 13%
Consumer groups said they were shocked by the amount that AES Indiana is seeking, especially coming after the utility got approval for seven straight years of rate increases to pay for upgrades to its local energy grid.
Thermo Fisher Scientific opens $6 million lab complex in Fishers
In the health care world, Thermo Fisher Scientific operates mostly behind the scenes, supplying labs and hospitals with scientific instruments, chemical ingredients and software services.
Contract drugmaker Catalent shrinks as pandemic wanes
The New Jersey-based company has announced two large rounds of layoffs at its Bloomington plant within six months—400 workers last December and 150 this month.
Indy-based medical supplier Apria sued over massive data breach
At least six separate lawsuits have been filed this month in U.S. District Court in Indianapolis against Apria Healthcare LLC. Most of the suits are seeking class-action status on behalf of the 1.8 million people whose information was hacked by an unauthorized third party.