Fishers startup lands another $1.25M to help launch anti-clotting device
Recovery Force Health said it plans to use the new funding as growth capital to market its device to hospitals and introduce other products.
Health Care & Life Sciences
Articles
In ninth try, Eli Lilly asks shareholders to end staggered terms for board members
The Weinberg Center for Corporate Governance at the University of Delaware, a leading voice for responsible corporate leadership, has generally supported the elimination of staggered terms, saying they can lead to entrenched boards and management that fails to perform.
Investors wary as Elanco pins hopes on new products
Shares in the animal health care company have lost more than two-thirds of their value in the past 18 months, but Elanco says a bevy of new products in its pipeline will prove an era of strong growth is yet to come.
Medical-device company to raise about $15M in IPO
Neuraxis Inc., based in Versailles and with an office in Carmel, said it will use the proceeds to ramp up its sales and marketing efforts, along with research and development and other functions.
Lilly to invest another $450M in North Carolina factory
The move will create at least 100 new jobs at the plant, located in Research Triangle Park, the largest research park in the country.
Indiana life sciences companies raise record $620M in venture capital in 2022
The amount raised last year is roughly 43% larger than the previous record of $433 million, set in 2021, according to BioCrossroads, an Indianapolis-based group that promotes and invests in the state’s life-sciences sector and tracks the funding.
VetCheck looks to franchise 250 urgent care clinics nationwide
Company leaders hope to eventually have one VetCheck center for every 30 traditional veterinary offices in any given area.
Global-health group aims to launch new med school
The not-for-profit Tumaini Foundation for Global Health and Humanitarianism says it wants to train medical students with a special concern for the health of needy individuals and populations worldwide.
Police seize on COVID-19 tech to expand global surveillance
The Associated Press has found that authorities around the world have used technologies and data used in the fight against COVID-19 to halt travel for activists and ordinary people, harass marginalized communities and link people’s health information to other surveillance and law enforcement tools.
Physician shortage in rural areas means big business for Indy firm
OPYS Physician Services LLC, a 10-year-old Indianapolis company, provides doctors to hospitals, mostly in rural areas, to staff their emergency rooms and other critical areas.
Diabetes drug Lilly abandoned has new life
In an amazing resurrection, teplizumab, developed by another company after Lilly trials were a letdown, is one of the hottest new drugs on the market.
Vet industry challenged by employee shortage, stressful conditions
Shorthanded veterinary clinics are being slammed by the high number of pets acquired during the pandemic and a worsening shortage of workers, from support staff to veterinarians themselves.
Unorthodox primary care provider ChenMed entering Indy market
The fast-growing, family-owned operation, based in Miami, has filed plans with the state to renovate three buildings and open them as primary care medical clinics.
Luke Kenley: State must boost public health spending
The former chair of the Senate Appropriations Committee will testify before that same committee to ask lawmakers to allocate an additional quarter-of-a-billion dollars annually toward public health programs.
Point Biopharma finds big licensing partner, but stock falls after Q3 loss widens
It was supposed to be a “good-news” day for Indianapolis-based biotech Point Biopharma Global Inc. Instead, the company saw its stock get battered Monday, losing as much as 38% of its value, after it released a pair of announcements.
Youth summit seeks to increase Black enrollment in medical schools
Hospitals and clinics are full of doctors in white coats. But only a tiny portion of them, about 4%, are Black.
IU researchers developing virtual-reality tool to treat substance abuse
The high-tech approach allows a patient recovering from substance abuse to interact with potential future versions of himself or herself.
Eskenazi, Cummins partner to bring portable market to food-insecure
A former IndyGo bus could start a second life by the end of the year—distributing fresh food, providing nutrition education and troubleshooting problems Indianapolis residents have applying for food stamps.
Senior housing trend means fewer services, lower rents
A trend called “active adult communities” translates to age-specific housing that has eliminated dining, transportation and cleaning services.
NICO Corp.’s brain surgery tools gain traction, $12.6M in new funding
After 15 years of coaxing and cajoling the medical community to consider a different way to do brain surgery, NICO co-founder Jim Pearson has numbers to show more surgeons and investors are buying into his vision.