Health Care & Life Sciences – Page 208 – Indianapolis Business Journal

Lilly reorganization to cut 5,500 positions over 2 years

September 14, 2009

Eli Lilly and Co. will cut 5,500 jobs by the end of 2011 as it tries to cut $1 billion in expenses before it loses revenue
from its bestselling drug, Zyprexa. Lilly CEO John Lechleiter said he did not know how many of those cuts would occur in central
Indiana. But with
13,600 employees working in the Indianapolis area, he acknowledged the largest chunk of reductions likely would come here.

WellPoint insiders sell stock at right time

September 11, 2009

Take the money while it’s there. That’s what a handful of insiders at WellPoint Inc. decided in
the past month as they sold off nearly 150,000 company shares for gains of more than $3 million.

Study weakens Lilly’s fight against price controls

September 11, 2009

Eli Lilly and Co. and its peers might be back in Congress’ sights as lawmakers hunt for more ways to cut health care
costs. A new study in the influential Health Affairs journal concludes that European drugmakers operating
in markets with pharmaceutical price controls have produced proportionally more innovations than their U.S. counterparts.

Policyholders could pay more under Obama health plan

September 11, 2009

If President Barack Obama gets what he wants in his health care plan — covering all Americans and barring insurers from
denying coverage — some analysts say individuals could wind up paying higher premiums.

Daniels expresses concern about health care proposals

September 11, 2009

Indiana Gov. Mitch Daniels outlined his concerns about some of the health care proposals being debated in Congress in a letter
sent to the state’s congressional delegation and released by his office yesterday.

Benefits brokers fear impact of health insurance exchanges

September 10, 2009

If Congress implements a new system of health insurance exchanges across the country, Indianapolis benefits broker Joe
Guzman is confident he and his peers would take a hit.

Sanctions lifted, WellPoint returns to Medicare biz

September 10, 2009

Nine months after being suspended as a contractor for the federal Medicare program, WellPoint Inc. is back in the game.

Medical device developer receives $1M in federal funding

September 10, 2009

Indianapolis-based FAST Diagnostics, a developer of a method to quickly measure kidney function, announced today that it has
received $1 million in federal funding.

BioCrossroads rolls out orthopedic initiative

September 10, 2009

With job growth surging in Warsaw’s orthopedic cluster, the life sciences development group BioCrossroads Inc. set out to…

Lilly paid doctors to prescribe Zyprexa, notes say

September 8, 2009

Eli Lilly and Co. paid doctors in South Carolina for participating in a speakers’ program in exchange for prescribing the
antipsychotic Zyprexa, according to notes by Lilly sales representatives reviewed by Bloomberg News.

Sweetener company Heartland looks for openings in crowded field

September 3, 2009

Heartland Sweeteners LLC is now a top maker of private-label alternatives to Splenda. The company also
markets its own products directly to consumers.

Oak Street Funding raises $50 million in new capital

September 3, 2009

German group invests in Carmel-based company that specializes in financial services for insurance agencies.

Hall-Render co-founder returns to law firm

September 3, 2009

A co-founder of Hall Render Killian Heath & Lyman PC is returning to the downtown law firm more than a decade after
he left it. Rex Killian will lead the firm’s governance consulting practice, which serves both not-for-profit
and for-profit health care clients.

Health information exchanges begin sharing medical records

September 3, 2009

The Indianapolis-based Indiana Health Information Exchange today began sharing electronic medical records with two similar
organizations across a multi-regional network, the group announced this morning.

Group: Health insurers urged workers to fight reform

September 3, 2009

A consumer group says health insurers UnitedHealth and WellPoint pressured their employees to contact members of Congress
and lobby against health care reform proposals that the companies disagreed with.

Pfizer to pay record $2.3B penalty over promotions

September 2, 2009

Pfizer Inc., the world’s largest drug maker, will pay a record $2.3 billion civil and criminal penalty over unlawful prescription
drug promotions, the Justice Department announced today.

Conseco consolidation to save $2.5M a year

August 31, 2009

Conseco Inc. this morning said it is consolidating three of its insurers into one, a move that will have no impact on employment
but will save the company about $2.5 million annually.

Anthem, St. Francis reach agreement in principle

August 29, 2009

The St. Francis hospital system has reached a tentative contract agreement with Anthem Blue Cross and Blue Shield of Indiana,
ending a disagreement over insurance reimbursement costs, the parties said today.

Venture firms recapitalize Advanced Physical Therapy LLC

August 26, 2009

Locally based venture capital firms Cardinal Equity Partners and Centerfield Capital Partners have joined with Chicago-based
bank Harris NA to recapitalize the state’s largest independent physical therapy provider.

Exiting AgroSciences chief shook up strategy, culture

August 26, 2009

Jerome Peribere shifted Dow AgroScience’s focus toward what he calls “revolutionary solutions."

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