As Lilly stock skyrockets, endowment gifts surge
In recent weeks, the Indianapolis-based philanthropy has been unveiling a flurry of gifts at the $100 million level or higher.
John Russell
Articles
In latest expansion move, Marathon Health merges with Denver-based company
Indianapolis-based Marathon said the merger will extend services to 2.5 million eligible patients and more than 630 U.S. employer and union-sponsored clients.
New Indiana partnership focuses on reducing health care costs, improving workforce health
Several Indiana employers, universities and health care organizations have launched the Indiana Business Health Collaborative, a new partnership that wants to improve Indiana’s health profile through private-sector solutions.
Lilly sees fourth-quarter profit jump 13%, with strong demand for Mounjaro and Zepbound
The Indianapolis based drugmaker posted net income of $2.19 billion for the quarter. Excluding nonrecurring items, adjusted earnings per share of $2.49 beat the FactSet consensus of $2.30.
Inari raises another $103M for gene-editing technology, but legal dispute looms with Corteva
The Boston-based biotech company with large operations in Indiana has raised more than a half-billion dollars over its eight-year history.
Elanco to sell aqua business to Merck for $1.3B
Elanco Animal Health said it has agreed to sell its aqua business to Merck Animal Health, a move that allows it to pay down some of its debt load and invest in new pipeline products.
With its triple-tax benefits, the humble HSA emerges as a retirement savings powerhouse
Increasingly, benefits brokers and personal-finance experts are advising people use cash to pay for health care and investing the HSA funds for decades.
NBA weekend could be All-Star shot for downtown
Brokers are filling vacant retail spaces with corporate parties, personal events and an assortment of fan-focused pop-ups. They hope the crowds will want to return later for a fun night, a nice dinner or even office or residential space.
IU, Lilly roll out co-op partnership to address Indiana’s workforce shortage
The partnership will connect undergraduate students and degree programs from the IU Indianapolis campus with opportunities at Lilly, such as finance, human resources and information technology.
BioCrossroads names Vince Wong as new CEO of Indy life sciences group
Wong’s appointment comes just a few weeks after BioCrossroads released a report warning that Indiana’s life-science sector is starting to lag the nation in growth and market share and will require a focused effort to stay competitive.
Indiana’s health care and life sciences sector sees VC funding drop 54% in 2023
Thirty-four Indiana companies landed $287 million in venture capital in 2023 to help finance a wide array of technologies, from medical isotopes to stem-cell therapies, according to BioCrossroads, an Indianapolis-based group that promotes and invests in the state’s life sciences sector and tracks the funding.
Lilly factory in New Jersey comes under more federal scrutiny
Lilly said it was working closely with the FDA and the “situation does not affect the quality, safety or supply of any current or planned Lilly products in the marketplace.”
Indiana not-for-profits pulled in $348.7 million in big gifts in 2023
Universities, hospitals, museums, theaters, dance companies and other not-for-profits in Indiana pulled in a total of $348.7 million from 79 gifts of $1 million or more from individuals, family foundations and bequests, according to IBJ’s latest survey.
Move away from coal could be slowed under Indiana bill
State Rep. Cindy Ledbetter introduced the bill this month, saying utilities are moving too fast to retire and replace generating capacity that might be needed as demand for electricity grows.
Indiana Senate panel advances bill loosening medical prior authorizations
The bill would would prohibit health insurers from requiring prior authorization for routine medical services, federally approved prescription drugs, emergency health care and other services.
Odd bedfellows Mike Braun and Bernie Sanders team up to support health price transparency
The conservative Braun and the liberal Sanders might have more in common that meets the eye, with a growing list of issues they have both supported.
Health-tech startup DecisionRx lands $100M credit facility to fund growth
Indianapolis-based DecisionRx uses technology to recommend medication decisions to physicians and pharmacists based on genetic profiles, existing medication regimes and contraindications.
Riley Children’s Foundation sets up nutrition research partnership with $2.5M gift from Lilly CEO’s foundation
In addition, the Ricks Family Foundation says it will match up to an additional $2.5 million in donations from individuals, foundations and corporations.
Report: Indiana lagging nation in life sciences sector growth
Indiana’s pharmaceutical and medical device sectors, long touted as major contributors to the state’s economy, are starting to lag the nation in growth and market share and will require a focused effort to stay competitive, according to a new report released Monday.
Elevance Health buys Texas-based chain of infusion centers
Paragon Healthcare Inc., based in suburban Dallas, serves more than 35,000 patients with a broad range of acute and chronic conditions at more than 40 ambulatory infusion centers across eight southern and western states, as well as in patients’ homes.