CEO Ellis resigns after 20 years at struggling drug firm Endocyte
The West Lafayette-based company has named CFO and COO Mike Sherman as new CEO and president, but did not give a reason for the abrupt change in leadership.
Health Care
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More jitters over the Anthem-Cigna deal
Federal regulators are giving the proposed $48 billion merger between health insurers Anthem Inc. and Cigna Corp a hard look, and some analysts are hedging their bets.
Study: Docs who get free meals pick branded drugs more
Doctors who accept free meals from the pharmaceutical industry are more likely to prescribe certain branded drugs to Medicare patients than generics, according to a study published Monday.
IU to hire 40 faculty, spend up to $120M on new initiative
The money will be awarded from IU’s Grand Challenges Program, a new push that is designed to tackle “major and large-scale problems facing humanity” that can only be addressed by multidisciplinary research teams.
Device lawsuits plague Cook Medical
The lawsuits against Cook Medical began four years ago with a trickle but have since turned into a gusher, now surpassing 500.
Biotech firm lands funding for cancer targeting
Animated Dynamics Inc. has raised $1.7 million in early funding to help it get its technology to market.
Troubled home health care provider Nightingale to sell itself
One of Indiana’s largest home health care providers, facing allegations that it put patients in immediate jeopardy, has agreed to be acquired by a competing company in a deal that could be worth as much as $3 million.
Merck, Pfizer double size of diabetes drug study to catch rivals
The competition heated up in the $71.5 billion global diabetes market last year after Indianapolis-based Eli Lilly’s and Boehringer Ingelheim’s Jardiance unexpectedly reduced the risk of heart attacks, strokes and deaths in a study.
Indiana sees 70 percent surge in syphilis cases
State health officials are urging Indiana's health care providers to aggressively test patients for syphilis.
Medicaid cuts spell trouble for home health firms
The state’s Family and Social Services Administration is set to cut home health care Medicaid reimbursements for licensed practical nurses, registered nurses, aides, therapists and pathologists.
Biochemist Richard DiMarchi is ‘true entrepreneur’
Biochemist has founded or co-founded five startups since retiring from Eli Lilly and Co. as head of biotechnology research 13 years ago, at age 50.
CEO Lechleiter says Lilly in ‘most prolific period of new launches’
The Indianapolis-based drugmaker said Tuesday it has built a robust pipeline of drugs that “has the potential” to launch 20 new products in the 10 years between 2014 and 2023.
Ombudsman blasts Nightingale; company calls report flawed
A court-appointed patient care ombudsman who looked into Nightingale Home Healthcare’s operations says he found more than 1,300 complaints from patients and family members since 2011.
Indiana surgery centers sue nation’s top insurer over payments
A Carmel surgery center is joining others in the state in suing UnitedHealthcare, alleging it unlawfully withheld payment for some services to make up for overpayment of other claims.
Storing babies’ blood samples pits privacy versus science
Indiana is one of several states involved in legal battles over the storage of blood samples. The cases pose a dilemma: How can society balance the right to privacy with the needs of science and medical research?
AIT Labs founder to return more than $3M in settlement
The founder of AIT Laboratories, along with his insurance companies and bank, will pay back more than $3 million to employees who bought the company from him six years ago at what the government said was an inflated price.
Volatile malpractice fees frustrate doctors, hospitals
It’s been a roller-coaster ride for Indiana physicians and hospitals, with fees swinging wildly up and down in recent years to fund a state insurance program that helps pay malpractice awards.
Indiana Blood Center sees fewer donations amid Zika virus
The Indiana Blood Center said it has been forced to defer up to 30 percent of donors at some post-spring break blood drives because they had traveled to areas where the Zika virus is being transmitted.
Judge awards ex-Lilly manager $500,000 after lawsuit
A federal judge made the award to Lilly’s former executive director of human resources, who quit for health reasons and was later dropped from the company’s extended disability plan.
Toxicology labs face tough times
Deep cuts in Medicare reimbursements and competition from a few huge national chains and walk-in labs are making it tougher for Indianapolis-based AIT and other toxicology labs to compete.