Senior housing trend means fewer services, lower rents
A trend called “active adult communities” translates to age-specific housing that has eliminated dining, transportation and cleaning services.
John Russell
Articles
Franciscan Health nurse pleads guilty to tampering with pain meds
Jennifer L. Adams administered saline solutions instead of prescribed pain medication to between 30 and 40 patients, the court documents said.
Lilly shares stumble on lower profit outlook despite solid quarter
Eli Lilly stock has skyrocketed 36% in the past 52 weeks due to strong sales on newer drugs, but the market reacted negatively to its latest forecast.
California biotech to invest $45M in Indy, hire 64 people
RayzeBio Inc., a private company founded in 2020 in San Diego, said it will invest in improvements and equipment in a former warehouse for e-commerce giant Amazon.com Inc.
NICO Corp.’s brain surgery tools gain traction, $12.6M in new funding
After 15 years of coaxing and cajoling the medical community to consider a different way to do brain surgery, NICO co-founder Jim Pearson has numbers to show more surgeons and investors are buying into his vision.
Lilly commits $92.5M to Purdue for drug research, scholarships
In a significant expansion of their longstanding collaboration, the partners hope to develop new models for delivering therapies to patients and provide full tuition to between 75 and 100 students each year for 10 years.
AES Indiana seeks to convert coal-fired units at Petersburg plant to natural gas
For years, environmentalists and public officials have urged AES Indiana to stop burning coal at its largest and dirtiest power plant. Now, it appears that the Indianapolis-based utility is getting ready to do just that.
Community Health posts net loss of $252M on investments, high nursing costs
Net patient revenue for the first nine months of the year increased an undisclosed amount, driven by an increase in volumes in many areas. Patient days climbed 5% and admissions rose 5.7% during the period.
IU School of Medicine researchers study mouse brains to learn about Alzheimer’s
The IU School of Medicine announced won a five-year, $48.8 million grant from the National Institute on Aging, a division of the National Institutes of Health, to create in mice genetic mutations similar to those found in people with late-onset Alzheimer’s.
Indiana’s soaring health care costs linked to market concentration
A high concentration of hospital, physician and insurance markets in Indiana have likely contributed to health care costs soaring 48% in a recent nine-year period, according to a new study commissioned by state lawmakers.
IU School of Medicine to break ground on new, $230M home
Indiana University School of Medicine’s planned medical education and research building marks the largest construction project in the history of the school.
Lilly to acquire Boston-based gene therapy firm for $487M
The Indianapolis-based drugmaker said it has reached a definitive agreement to acquire Akouos Inc., a seven-year-old biotech firm, which is running early clinical trials for its lead therapy for hearing loss.
Suit accuses Lilly of illegally deducting funds from paychecks for vehicle use, extra time off
The lawsuit was filed this month by a senior sales representative who worked for Eli Lilly for 11 years before resigning in June. The complaint seeks class-action status on behalf of thousand of employees and former employees of Lilly.
Citizens, CenterPoint predict rise in winter heating bills
Utilities Citizens Energy Group and CenterPoint Energy said natural gas prices, which spiked a year ago, will be even higher this winter, leading to costlier heating bills in Indiana.
Roche executive sues company for discrimination after losing job in restructuring
Brigitte Fernandes is suing Roche for sex discrimination and national origin discrimination. A Roche spokesman declined to comment, citing pending litigation.
AES Indiana, customers at odds over $41M in costs incurred while power plant was down
The utility is asking for permission to pass on the cost of power it had to purchase from the grid during the outage, but customers are objecting.
New law clamps down on certain medical titles in advertising
Some say doctors are raising the issue just to protect their turf and status.
Indianapolis biotech trying to fight cancer navigates bumpy road
Point Biopharma is moving aggressively to get its lead drug, a radioactive isotope called lutetium 177, through late-stage trials for prostate cancer.
IU medical school wins $49M grant to continue Alzheimer’s studies
The money will be used to study animal models of late-onset Alzheimer’s disease as well as perform rigorous testing of potential therapeutics in animals.
Purdue project to develop treatment for deadly brain cancer wins $398,000 in federal funding
Three Indiana institutions are teaming up to try to develop a treatment for glioblastoma, a lethal cancer that begins with the brain or spinal cord, and is difficult to treat, often requiring a combination of surgery, chemotherapy and radiation.