Indianapolis Business Journal

Indianapolis Business Journal
Share

Over the past 20 years, while the price of a gallon of milk climbed 23 percent and the sticker on a Dodge Caravan minivan rose 21 percent, the list price of the insulin Humalog, made by Eli Lilly and Co., shot up 1,157 percent. Other Lilly insulins saw hefty price increases, too, including Humulin, on the market since 1982. It has seen price...

Eli Lilly and Co. said strong results from new drugs helped push second-quarter earnings up 35 percent. But the company warned that its regulatory resubmission of a much-anticipated drug that the FDA rejected earlier this year could require a new clinical trial. The Indianapolis-based drugmaker on Tuesday posted quarterly profit of $1 billion, or...

Two years ago, a mental health advocate named Steve McCaffrey stood at a lectern in the Indiana statehouse, testifying in favor of an addiction treatment bill. After years of rising overdose rates, lawmakers in the health committee were taking action to combat the opioid epidemic. And they often turned to McCaffrey, who leads Mental Health America...

The pharmaceutical industry’s powerful Washington, D.C., trade association fell in size by almost two dozen companies after revising membership rules amid the debate over U.S. drug prices. Pharmaceutical Research and Manufacturers of America, or PhRMA, will require that members spend at least $200 million a year on research and development and that...

With the pharmaceutical industry facing withering criticism over the cost of medicines, Eli Lilly and Co. and some of its rivals are embracing a partial solution that doesn’t involve outright price cuts: They’re refunding some of the money to insurers if a drug doesn’t work as expected. The concept of pay for performance isn’t new in the industry....