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Health Care Reform Plan Could Cost Hoosier Jobs
An issue life sciences leaders describe as "white hot" is causing great concern in Indiana's medical device industry. The U.S. health care reform legislation that recently emerged from the Senate Finance Committee proposes a $4 billion annual income tax on medical device manufacturers. Collected over the next ten years, the amount totals $40 billion from the industry. Considering Indiana's prominence in medical device manufacturing, many are concerned the proposed tax could take a heavy toll on the state.
Big 10 Funding from NIH/NSF
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 | Pharmaceutical Industry Transformation Spawns Opportunities for Outsource Partners"The greatest re-think in our history," is how John Lechleiter, CEO of Eli Lilly and Company, recently characterized the massive transformation of the research-based pharmaceutical industry. He went on to describe how Lilly jettisoned its traditional business model in which it owned the entire value chain of drug development and marketing in favor of a more nimble business model in which it outsources all but the most proprietary business processes. This transformation, from Fully Integrated Pharmaceutical Company (FIPCO) to Virtually Integrated Pharmaceutical Company (VIPCO) is having a dramatic impact on the life sciences landscape in Indiana and around the world. |
- BioCrossroads
- Indiana University Life Sciences Initiative
- Discover Develop Deliver
- Datalys Center
- Fairbanks Institute
- Indiana Health Study
- Lugar Center for Rural Health
- Discovery Park
- Purdue Research Park
- Indiana Health Industry Forum
- Indiana Clinical and Translational Sciences Institute (CTSI)
- Indiana Economic Development Corporation
- IU Simon Cancer Center
- Herman B. Wells Center for Pediatric Research
- Bloomington Life Sciences Partnership
- Indiana Center for the Life Sciences
- Lugar Center for Rural Health
Inside INdiana Business, BioCrossroads and Indiana University have launched a new partnership to communicate the growth, success and excitement surrounding Indiana's life sciences industry. We share a belief that this innovative field plays a vital role in the development of the entrepreneurs, innovations and businesses that will allow Indiana to compete in a global economy. Life Sciences INdiana is published by the special projects unit of Grow INdiana Media Ventures LLC, the parent company of the Inside INdiana Business brand of business news products.
To submit a story or ask a question, please contact
Kylie Veleta
News Writer/Reporter
kveleta@growindiana.net
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