A jury Friday awarded $8.3 million to a former prison guard who accused Warsaw-based DePuy Orthopaedics
of knowingly
marketing a faulty hip implant that was later recalled, according to the Associated Press. Jurors found that the
ASR XL implant was defectively designed and caused metal poisoning and other health problems suffered by Loren Kransky after
he underwent surgery in 2007. The fraud and negligence suit is the first of nearly 11,000 similar cases involving an all-metal
ball-and-socket hip joint that was pulled from the market two years ago to reach trial in the United States. Others like Kransky
claim the implants have left them with crippling injuries or in need of other replacement surgeries. DePuy, a subsidiary of
New Jersey-based Johnson & Johnson, has set aside about $1 billion to cover costs of the recall and lawsuits.
Eli Lilly and Co. has built up a stockpile of $21 billion in overseas profits as the nation’s largest
drugmakers continue to use accounting mechanisms to avoid paying U.S. taxes. According to an analysis by Bloomberg News,
the nation's six biggest drugmakers avoided paying $7.05 billion in U.S. taxes last year by shifting their profits overseas—nearly
double the savings they achieved a decade ago. Now those legal practices are getting increased scrutiny from members of Congress.
“The right kind of tax reform could do a lot to bring corporate profits back to the United States for investment and
job creation,” said Charles Grassley, a U.S. senator from Iowa, in an e-mail to Bloomberg. “The current system
provides an incentive for companies to keep money overseas indefinitely.” By moving patents and trademarks overseas,
drugmakers can legally record sales of their products in foreign countries, avoiding any U.S. taxes until those profits are
brought back into the United States. The maneuvers helped Lilly boost its earnings per share by 16 percent last year, according
to Bloomberg. Other companies increased their earnings even more. Lilly declined to comment on the story.
IUPUI students can now pursue an academic minor in neuroscience, in addition to the neuroscience major that
began in the fall. The School of Science at IUPUI launched its new neuroscience program to “take advantage of a booming
neuroscience industry in Indiana and across the country,” according to a statement issued March 4. The school noted
that the Indiana University Health hospital system recently opened a $120 million neuroscience center next
to Methodist Hospital. And the IU School of Medicine is building a neuroscience research center next door
to the IU Health facility. Neuroscience is one of several fast-growing segments of the life sciences industry in Indiana.
A forecast by the Indiana Department of Workforce Development predicts that life scientist positions will increase by more
than 22 percent in the next five years.

















Three Magi
Cats out of the bag. The object of the game is to get acquired. That means the company has no idea how to grow beyond a certain point. Email is a 1990s technology. I have laughed at this company since day one. Such a small bit player. If it was anywhere but here, it wouldn't be newsworthy.
Esther, Indy has passed Chicago in the local government corruption arena. Don't downgrade us. We're No. 1 in the Midwest.
Does the buyer get to keep the recent Accu-Chek J.D. Power award? Be careful, those Swiss cannot be trusted. Last June they pimped Mayor Ballard and former Governor Daniels at a media op, announcing plans to invest "$300 million at its Indianapolis headquarters, creating up to 100 new jobs by 2017," only to turn around and close the Roche Nutley, NJ facility and eliminate 1000 jobs there later the same week. It seems that healthcare can be innovated only as long as money is to be made. Right now Roche seems to have big eyes for China: there are many Chinese in China and potential billions in Swiss francs! Since Roche is having difficulty with US insurance companies swallowing the bill for overpriced cancer drugs (with debatable efficacy) why not sell insurance to the Chinese and market the drugs to them there? There is a name for these sort of business practices however proper decorum precludes it use in this forum.
Same kind of Luddites who oppose I-69. Guessing their 501(c)(4) application probably sailed right through the IRS.