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Drugmaker Eli Lilly and Co. is restricting access to a drug discount program intended for safety-net hospitals in a move the company says is needed to identify waste, fraud and abuse.
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Lilly will produce next generation medicines on the campus, including for weight management, obesity and heart disease.
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The announcement comes as state officials seek to address energy affordability issues.
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The daily pill called Foundayo got a fast track through the Food and Drug Administration. It will compete with the pill form of Wegovy as an alternative to obesity drugs given by injection.
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Eli Lilly announces $7-billion merger, with eye on wakefulness drugs. The deal with London and Boston-based biotech company Centessa could have implications for treating Alzheimer’s.
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The lawsuit alleges insulin can cost Eli Lilly just a few dollars to produce, while some consumers are charged hundreds of dollars.
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Indiana University and Eli Lilly are working together to expand clinical trials in the state. IU President Pamela Whitten and Lilly CEO David Ricks signed a $40 million, five-year deal Wednesday.
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The Lilly announcement will extend an agreement aimed at accelerating medicine development and bolstering the workforce-talent pipeline.
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The new research and development site will combine research, process development and clinical trial manufacturing capabilities into one plant.
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The LillyDirect website connects people with independent telehealth providers, tailored support and other disease management resources. The website also allows patients to have some medications delivered directly to their home.