Cigna says deal with Anthem may not happen this year
An analyst said the delay could be a sign of trouble for the acquisition.
Health Care & Life Sciences
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Humana leaving some states over Obamacare losses
Humana Inc. is set to exit Obamacare markets in at least two states to stem financial losses, another sign of the struggles that health insurers face in the controversial program.
IBJ Life Sciences Power Breakfast transcript – 2016
IBJ gathered leaders in the life sciences industry for a Power Breakfast panel discussion April 21. Panel members included Colleen Hittle, managing director of Navigant; Suresh Garimella, Purdue University’s executive vice president of research and partnerships; Brian Barker, general manager of U.S. Seeds for Dow AgroSciences; Kristin Sherman, former chief financial officer of Calibrium LLC; and David Johnson, CEO of BioCrossroads.
Zika virus fear fuels demand for local DEET manufacturer
Indianapolis-based chemical manufacturer Vertellus Specialties Inc. has expanded its production capacity by 80 percent to keep up with customer demand for DEET, a common active ingredient in mosquito and tick repellents.
Longtime CFO DeVeydt announces resignation from Anthem
During his tenure, Wayne DeVeydt helped Anthem navigate through the recession, make the transition into Obamacare and negotiate its planned $54 billion acquisition of rival Cigna Corp.
Cook recalling 4.1 million catheters after reports of splitting or breaking
It’s the largest recall in recent years for Cook, which previously had issued four recalls covering more than 400,000 catheters and pressuring monitoring sets in the past two years.
Sale of local medical-device maker could bring $200 million
PTS Diagnostics, with about 150 employees in Indianapolis, said Monday it has entered a definitive agreement to be acquired by China-based Sinocare Inc.
Indiana to get $9.2M in drug discount case settlement
Drugmaker Pfizer Inc. agreed to pay a total of $785 million to resolve allegations that one of its companies didn't give Medicaid the same discounts it provided to private purchasers of the heartburn treatment Protonix.
Mainstreet Property sues state over nursing-home building ban
Carmel-based Mainstreet Property Group is suing the Indiana State Department of Health in a legal challenge to the state’s new moratorium on nursing homes and transitional care properties.
CNO misses mark with lower quarterly revenue, profit
CNO Financial Group Inc. on Wednesday reported quarterly results that fell short of Wall Street predictions.
Anthem, others expand hepatitis C drug coverage after probe
Seven insurers, including Indianapolis-based Anthem Inc., reached an agreement with New York Attorney General Eric Schneiderman to cover hepatitis C drugs for patients in the early stages of the disease and for drug and alcohol users.
Enrollment gains help Anthem top analysts’ earnings expectations
The company, which is in the process of buying rival insurer Cigna Corp. for $54 billion, said medical enrollment has climbed by about 1 million members since the end of 2015, reaching 39.6 million members.
Lilly sales rise, but higher costs push down profit
Lilly got a boost from a stable of new drugs but saw sales tumble for longtime stalwarts Cymbalta and Humalog. Meanwhile, R&D costs rose as the company ushered products through its late-stage pipeline.
State’s life sciences sector on rise while struggling with talent, capital
Shortages of workers and investment dollars remain the two biggest challenges for Indiana’s life sciences industry, which otherwise is showing robust vital signs and embarking on high-profile collaborations.
Bristol-Myers drug tops Lilly’s Erbitux in cancer study
Bristol-Myers Squibb Co.’s blockbuster cancer drug Opdivo prolonged survival in cases of recurrent head and neck cancer, a first for patients with the harshest form of the disease who often face a bleak prognosis.
UnitedHealth to exit all but a few Obamacare states
UnitedHealth Group Inc., the biggest U.S. health insurer, said it expects to lose about $650 million on the Obamacare plans this year.
New law paves way for Indiana to fully embrace telemedicine
On July 1, Indiana will join 46 states in allowing physicians to write prescriptions after talking to patients on their laptops or smartphones, with no office visit required.
CNO Financial shakes up senior executive team
The Carmel-based company has a hired a president and promoted longtime exec Erik Helding to chief financial officer. The company also announced the departure of its chief business officer.
Insurer UnitedHealth starts pruning ACA exchange business
The nation’s biggest health insurer has decided to stop selling coverage on public insurance exchanges in two states next year and is continuing to evaluate its presence in other markets after reporting steep losses.
Medicare plan on payment for cancer drugs stirs battle
A Medicare proposal to test new ways of paying for chemotherapy and other drugs given in a doctor's office has sparked a furious battle, and cancer doctors are demanding that the Obama administration scrap the experiment.