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February 24, 2010
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The Indianapolis-area claims three of the four healthiest counties in the state, but also some of the laggards, according to a new report by New Jersey-based Robert Wood Johnson Foundation. Hamilton, Hendricks and Boone counties ranked first, second and fourth, respectively. The rankings were based on such things as death rates, insurance rates, socioeconomic factors and environmental influences. However, Marion County ranked 80th out of Indiana’s 92 counties. Shelby and Madison counties also scored poorly, ranking No. 70 and No. 79, respectively.

Most of Indiana’s life sciences business development has occurred in the “golden triangle” that runs from Bloomington to Indianapolis to Lafayette. But the latest investment by BioCrossroads’ Indiana Seed Fund shows some potential for cross-state development that breaks out of that mold. South Bend-based Bioscience Vaccines Inc. has licensed the extracellular matrix technology developed by Cook Biotech in West Lafayette. With scientific help from the University of Notre Dame, Biosciences Vaccine aims to start a clinical trial by year’s end. It hopes that combining Cook Biotech’s extracellular matrix with vaccines against tetanus and prostate cancer will prove more effective than traditional delivery of the medicines. BioCrossroads will commit $400,000 to help the company’s research.

Indianapolis-based Vortek Surgical LLC will relocate to Brownsburg, expanding its headquarters, manufacturing and distribution operations and creating more than 60 life sciences jobs in the next three years. Founded in 2006, the company expects to launch a consumer subsidiary in the second quarter to focus on health care products. It plans to begin hiring employees for both the consumer and medical product divisions beginning in April. Vortek develops and markets medical devices designed to reduce the risk of hospital infections during surgery.

Indianapolis-based Marcadia Biotech Inc. has launched a Phase 1 clinical trial of its experimental anti-diabetes drug MAR701. The drug mimics the action of two hormones, glucagon-like peptide and gastric inhibitory peptide. Those proteins both boost the body’s production of insulin, which is necessary to fight diabetes. Marcadia hopes to market the drug as a once-a-week medicine to treat Type 2 diabetes.

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  1. By Mr. Lee's own admission, he basically ran pro-bono ads on the billboard. Paying advertisers didn't want ads on a controversial, ugly billboard that turned off customers. At least one of Mr. Lee's free advertisers dropped out early because they found that Mr. Lee's advertising was having negative impact. So Mr. Lee is disingenous to say the city now owes him for lost revenue. Mr. Lee quickly realized his monstrosity had a dim future and is trying to get the city to bail him out. And that's why the billboard came down so quickly.

  2. Merchants Square is back. The small strip center to the south of 116th is 100% leased, McAlister’s is doing well in the outlot building. The former O’Charleys is leased but is going through permitting with the State and the town of Carmel. Mac Grill is closing all of their Indy locations (not just Merchants) and this will allow for a new restaurant concept to backfill both of their locations. As for the north side of 116th a new dinner movie theater and brewery is under construction to fill most of the vacancy left by Hobby Lobby and Old Navy.

  3. Yes it does have an ethics commission which enforce the law which prohibits 12 specific items. google it

  4. Thanks for reading and replying. If you want to see the differentiation for research, speaking and consulting, check out the spreadsheet I linked to at the bottom of the post; it is broken out exactly that way. I can only include so much detail in a blog post before it becomes something other than a blog post.

  5. 1. There is no allegation of corruption, Marty, to imply otherwise if false. 2. Is the "State Rule" a law? I suspect not. 3. Is Mr. Woodruff obligated via an employment agreement (contractual obligation) to not work with the engineering firm? 4. In many states a right to earn a living will trump non-competes and other contractual obligations, does Mr. Woodruff's personal right to earn a living trump any contractual obligations that might or might not be out there. 5. Lawyers in state government routinely go work for law firms they were formally working with in their regulatory actions. You can see a steady stream to firms like B&D from state government. It would be interesting for IBJ to do a review of current lawyers and find out how their past decisions affected the law firms clients. Since there is a buffer between regulated company and the regulator working for a law firm technically is not in violation of ethics but you have to wonder if decisions were made in favor of certain firms and quid pro quo jobs resulted. Start with the DOI in this review. Very interesting.

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