Dow AgroSciences reports record revenue
Indianapolis-based Dow AgroSciences on Thursday reported sales of $1.6 billion in its first quarter, up 17 percent from the same period last year due to higher volume and increased prices.
Health Care & Life Sciences
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Court blocks generic versions of Lilly’s Cymbalta
Eli Lilly and Co. said Wednesday that a federal court is blocking low-cost generic versions of Cymbalta from the market until the patents supporting the drug expire.
Indiana poised to cut Planned Parenthood funding
The Indiana House voted 66-32 Wednesday to approve a bill cutting the $3 million in federal money the state distributes to the organization for family planning and health programs. The Senate approved the measure earlier this month.
WellPoint profit continues health insurance rally
Indianapolis-based WellPoint Inc. is the third health insurer in the past week to beat analysts’ predictions by a huge margin and raise its full-year forecast.
Developer plans $13M senior-living center in Westfield
Cicero-based developer Mainstreet Property Group LLC plans to build a $13.3 million senior health care center in Westfield. The 65,000-square assisted living facility will employ about 150 people when it opens in 2012.
Life sciences firm Hycor moving HQ, jobs to central Indiana
California-based Hycor Biomedical Inc. plans to move its headquarters to central Indiana, creating as many as 20 jobs in the next two years, state economic development officials announced Wednesday morning.
WellPoint’s first-quarter profit soars above expectations
The Indianapolis-based health insurer earned $2.44 per share and raised its full-year profit forecast by 40 cents per share.
Zimmer, peer sued over arthritic-knee treatments
Genzyme Corp., the drugmaker bought by Sanofi-Aventis SA this month, sued Zimmer Holdings Inc. and Anika Therapeutics Inc. alleging the companies’ treatments for arthritic knee pain infringe a patent.
Lilly teams with Medtronic on Parkinson’s treatment
Eli Lilly and Co. plans to use an implantable drug-delivery system made by Medtronic Inc. to precisely target patients' brains with an experimental drug for Parkinson’s disease.
State slow to move to money-saving home health care
Indiana taxpayers are paying about $300 million a year in nursing home costs despite a state law that would allow the state to save millions while keeping many elderly and disabled Hoosiers in their homes or with family members.
Roche wins approval of HPV test
Roche Diagnostics Corp. won regulatory approval for a new HPV test, giving it a technological edge in the $300 million market for automated cervical cancer tests.
Anthem: Global payments coming back
Anthem Blue Cross and Blue Shield’s vision for accountable care organizations foresees doctors and hospitals shifting to global capitation payments and employers getting bigger discounts if they allow their workers access only to health care providers in a specific organization.
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.
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.