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IU incubator attracts East Coast biotech startup

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Researchers at Eli Lilly and Co., Roche Diagnostics, IUPUI and elsewhere will be able to use high-volume chemical-screening machines recently relocated from Connecticut to Indianapolis by a startup biotechnology company.

Companion Diagnostics Inc. says its testing machines can help researchers identify key markers in patient fluids that allow more rapid detection of such diseases as cancer, diabetes and tuberculosis.

The company, which currently employs six people at the Indiana University Emerging Technology Center on West 10th Street near the Central Canal, plans to add 30 workers by 2014, paying an average annual salary of $90,000.

Because of those eye-popping numbers, the City of Indianapolis wants to give the company a tax abatement worth $290,355.

Companion Diagnostics develops computer-chip-sized diagnostic devices using high-speed chemical screening systems to evaluate the effectiveness of biological markers for disease.

One of the tools could provide a better field diagnostic test for tuberculosis, which would benefit less-developed countries where TB infection rates are high. Researchers at the University of Notre Dame have developed a potential biomarker to detect TB in urine samples, and IU could provide the patient samples for testing, including samples from its collaboration with Moi University in Kenya.

The company was founded by Richard Selinfreund, a Yale University scientist who has a background in biochemistry and physics.

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  1. In reality, Lilly is maintaining profit by cutting costs such as Indiana/US citizen IT workers by a significant amount with their Tata Indian consulting connection, increasing Indian H1B's at Lillys Indiana locations significantly and offshoring to India high paying Indiana jobs to cut costs and increase profit at the expense of U.S. workers.

  2. I think perhaps there is legal precedence here in that the laws were intended for family farms, not pig processing plants on a huge scale. There has to be a way to squash this judges judgment and overrule her dumb judgement. Perhaps she should be required to live in one of those neighbors houses for a month next to the farm to see how she likes it. She is there to protect the people, not the corporations.

  3. http://www.omafra.gov.on.ca/english/engineer/facts/03-111.htm Corporate farms are not farms, they are indeed factories on a huge scale. The amount of waste and unhealthy smells are environmentally unsafe. If they want to do this, they should be forced to buy a boundary around their farm at a premium price to the homeowners and landowners that have to eat, sleep, and live in a cesspool of pig smells. Imagine living in a house that smells like a restroom all the time. Does the state really believe they should take the side of these corporate farms and not protect Indiana citizens. Perhaps justifiable they should force all the management of the farms to live on the farm itself and not live probably far away from there. Would be interesting to investigate the housing locations of those working at and managing the corporate farms.

  4. downtown in the same area as O'malia's. 350 E New York. Not sure that another one could survive. I agree a Target is needed d'town. Downtown Philly even had a 3 story Kmart for its downtown residents.

  5. Indy-area residents... most of you have no idea how AMAZING Aurelio's is. South of Chicago was a cool pizza place... but it pales in comparison to the heavenly thin crust Aurelio's pizza. Their deep dish is pretty good too. My waistline is expanding just thinking about this!

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