CVS to pay $858K over inflated drug claims
Indiana Attorney General Greg Zoeller says the state will get $858,000 from CVS Pharmacy Inc. to settle allegations that the company overcharged Medicaid programs.
Health Care & Life Sciences
Articles
State’s top anti-smoking agency could be abolished
Indiana Tobacco Prevention and Cessation, formed in 2001 and funded by money from a settlement with the tobacco industry, may be consolidated into the state Department of Health as a budget-cutting measure.
Much unknown about new Cook Group CEO
Carl Cook has been tabbed to replace his father, Bill Cook, who died a week ago. But many in the Bloomington business community know little about him, which reflects the company’s strict privacy policy.
State Senate OKs bill to cut Planned Parenthood aid
The Indiana Senate approved a bill Tuesday that would cut off funding to Planned Parenthood and give the state some of the country's tightest abortion restrictions.
Wellfount nabs $6M in venture capital
The Indianapolis-based institutional pharmacy, which serves long-term-care facilities, wants to expand its business nationally.
Indiana Senate backs pulling Planned Parenthood money
The Indiana Senate voted Monday to prohibit any state contracts or grants with Planned Parenthood or other organizations that provide abortions.
Lilly shareholders fail to remove anti-takeover measures
A proposal that would have weakened Eli Lilly and Co.’s defenses against an unwanted takeover failed to pass Monday despite a large majority of shareholders voting to remove those barriers for the second straight year.
Analysts demand news on next Lilly blockbuster
Eli Lilly and Co. spends a lot of time these days telling the rest of the story—how well it’s doing in areas not connected to highly lucrative drugs about to see their patents expire. But for the most part, investors and analysts just want to know when the next blockbuster will be coming.
Lilly shares falter after quarterly earnings report
Eli Lilly and Co.’s first-quarter profit beat the expectations of Wall Street analysts, but its stock price slipped anyway Monday morning, along with the broader market.
Charges drive down first-quarter profit at Lilly
First-quarter profit fell at Eli Lilly and Co. as the company recorded restructuring charges due to its downsizing and higher research costs as it tries to develop new drugs to help it shrug off its looming patent expirations.
FDA wants further testing of Lilly pancreas drug
Eli Lilly and Co. Inc. said Friday that the FDA has asked the drugmaker to conduct another clinical trial of its proposed pancreas drug before it resubmits an application to have the drug approved for sale.
Feds: CVS to pay $17.5M over inflated Rx claims
The U.S. Justice Department says CVS Pharmacy Inc. has agreed to pay $17.5 million to settle allegations it overcharged Medicaid programs in 10 states, including Indiana.
IU Health readies bond sale
The Indianapolis-based hospital system plans to sell $228.2 million in bonds this week to refinance existing debt and pay to finish construction of its Saxony hospital in Fishers, set to open late this year.
Lilly’s Bydureon wins backing of European drug panel
The drug awaits final action by the European Commission, which has the authority to approve medicines for the European Union. The Commission usually makes a decision on CHMP recommendations within two to three months.
HICKS: Economic activity stalls when taxes rise
We know from long experience that, if you raise taxes, you get less economic activity, even if higher tax rates make some people work harder.
Indiana panel OKs criminal checks on medical workers
Physicians, dentists, nurses, veterinarians, pharmacists and other medical workers would have to undergo a criminal background check when applying for a new state license under a bill approved Tuesday by an Indiana House committee.
Parties near deal for hospital tax
Officials from Indiana Medicaid and a hospital trade group are trying to craft a deal that would create a tax on hospitals that would help attract more federal funds for hospitals—thereby offsetting looming cuts in state payments.
Arcadia in danger of stock exchange delisting
The Indianapolis-based health care company’s stock, which trades on the NYSE Amex Equities exchange, has closed at an average price of less than 20 cents over a consecutive 30-day trading period, triggering the warning.
Q&A
Dan Ferber is a freelance magazine writer in Indianapolis who writes about science, health and the environment for such publications as Science, Popular Science, New Scientist, Audubon, and Women's Health. He co-authored a new book with Harvard Medical School's Dr. Paul Epstein titled "Changing Planet, Changing Health: How the Climate Crisis Threatens Our Health and What We Can Do about It." It was published this month.
Firm joins race with IU autism drug
The Indiana University School of Medicine has licensed a pediatric psychiatrist’s patent on
an alcohol-dependency drug that the doctor discovered improves the language and social skills of autism patients. IU has licensed the patent to Indianapolis-based Confluence Pharmaceuticals Inc.