Drugmakers warn new law will deter discoveries
David Ricks, CEO of Indianapolis-based drugmaker Eli Lilly and Co., is turning up the volume on his concerns over a new law that would allow Medicare, for the first time, to negotiate drug prices.
Health Care & Life Sciences
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Thermo Fisher Scientific opens $6 million lab complex in Fishers
In the health care world, Thermo Fisher Scientific operates mostly behind the scenes, supplying labs and hospitals with scientific instruments, chemical ingredients and software services.
Contract drugmaker Catalent shrinks as pandemic wanes
The New Jersey-based company has announced two large rounds of layoffs at its Bloomington plant within six months—400 workers last December and 150 this month.
Cash infusion could help Warsaw retain ortho hub
State lawmakers have earmarked $30 million in the 2023-2025 budget for an orthopedics-retention initiative.
Indiana’s high court to consider privacy in ‘bizarre’ Community Health case
An Indianapolis woman is suing Community Health Network after the hospital system mailed her test results to the wrong person and that person posted the information on Facebook.
2023 Innovation Issue: From humans to cows
In 2017, Donahue was part of a team that performed Indiana’s first intravaginal embryo culture with an FDA-approved device that allowed embryos to grow in a device inside the patient rather than in an incubator in a lab.
2023 Innovation Issue: Tackling the widespread problem of food insecurity
The initiative, which includes a study and recently received a $2.9 million grant from the National Institute on Minority Health and Health Disparities, will provide participants with healthy food, cooking classes and even cooking utensils to attempt to move the needle forward.
Carmel startup Syra Health files to go public
Officials of the two-year-old firm that provides professional services in the health care and life science industries expect the offering to raise up to $8 million.
Federal judge triples damages to $183M against Lilly in whistleblower suit
A judge ruled that Indianapolis-based Lilly was liable for higher payments due to its behavior in making false statements to the Centers for Medicare and Medicaid Services about the prices it charged distributors for its drugs.
Can new Indiana law lower drug costs? Answer is as clear as mud
Senate Enrolled Act 8 is part of a sweeping effort this year by the Indiana General Assembly to bring down the cost of health care across the state, where prices are among the highest in the country.
Cook Medical cutting 500 jobs as part of strategic refocusing
The Bloomington-based maker of medical devices said the move is part of a new plan to strongly focus on product innovation.
Goodman Campbell rebuilds after split from IU Health
Its new partner, Ascension St. Vincent, is building a four-story brain and spine hospital on its flagship campus on West 86th Street in Indianapolis, which will be largely staffed with physicians from Goodman Campbell.
Carmel-based NICO Corp. hoping for big boost after clinical trial favors its stroke treatment
A seven-year clinical trial concluded that NICO Corp.’s devices are safe and effective to treat intracerebral hemorrhage.
Drug manufacturer grows amid contracting boom
Fishers-based INCOG Biopharma Services Inc., one of the newest players in the $132 billion contract drug manufacturing industry, acts as a behind-the-scenes player for companies that need to get sterile injectable medicines to market in a hurry.
Lilly to invest another $1.6 billion in Boone County site, add 200 jobs
The expansion will bring Eli Lilly and Co.’s total investment in the project to $3.7 billion, the most the company has ever spent on a single manufacturing site.
Fishers-based biotech startup aims to grow from the gut
BiomEdit LLC was set up last year by Greenfield-based Elanco Animal Health and Boston-based Ginkgo Bioworks to make everything from food to therapeutics for animals. It’s already raised $36.5 million in venture capital for its work.
Zionsville-based life sciences company secures $6M in investment funding
GeniPhys has developed a material known as Collymer, a highly-purified form of collagen that can be used to replace tissue that is lost in wounds and also forms “stable, fibrillar collagen scaffolds” that can help rebuild lost tissue.
Life sciences industry booster BioCrossroads girds for new challenges
Patricia Martin, the group’s president and CEO since 2019, last month announced she would step down to examine opportunities in the private sector and urged industry leaders to take a fresh look at the organization.
State medical institute lands $38M grant from feds
The National Institutes of Health awarded the grant to the Indiana Clinical and Translational Sciences Institute, a partnership among Indiana University, Purdue University and University of Notre Dame.
Indiana 250: Gail Boudreaux
Gail Boudreaux is president and CEO of Elevance Health. Before joining Elevance (formerly known as Anthem Inc.), she spent six years as CEO of United Healthcare. She was named one of Fortune Magazine’s Most Powerful Women in Business and was featured by Forbes as one of the 100 Most Powerful Women in the World. Additionally, […]