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Life Science & Biotech
Lilly eyes generic biotech drugs
January 5, 2009
Generic drugmakers have been the nemesis of companies like Eli Lilly and Co., but now the Indianapolis-based company and its
peers want to get in the generic game
themselves.
MoreLilly makes $6.5B acquisition
December 29, 2008
J.K. WallEli Lilly and Co. CEO John Lechleiter played a game of pharmaceutical poker with former Lilly Chief Financial Officer Jim
Cornelius—and won.
MoreFirm off to a FAST start: Investors backing company's kidney assessment technology
October 6, 2008
Scott OlsonFAST Diagnostics quickly is becoming one of the more promising companies in Indiana University's efforts to commercialize
its discoveries. Incorporated in November 2006, it is developing a method to measure kidney function faster and more accurately
than existing techniques can. While FAST represents speed, the name actually stands for functional assessment and surveillance
technology. The fledgling firm so far has attracted more than $4 million from investors, including $2 million from the state's
21st Century Fund. BioCrossroads, Rose Hulman Ventures...
MoreVOICES FROM THE INDUSTRY: Avoid a royalty mess by reviewing your patent license
October 6, 2008
Lynn C.The U.S. Supreme Court's recent decision in Quanta Computer v. LG Electronics left LG stuck in "a royalty mess" that should
inspire local businesses to review their patent licenses. More specifically, the decision raises important questions about
the extent to which-and the cir cumstances under which-patent owners can collect royalties from more than one party in the
distribution chain. Although the case arose out of the IT industry, its lessons could significantly impact Indiana life sciences
companies. Collecting downstream In...
MoreIU makes plans to hatch more businesses: Incubator in Bloomington hopes to duplicate success of local Emerging Technologies
Center
October 6, 2008
Scott OlsonGround should be broken late this month or in early November, with completion expected by summer. Cost of the 40,000-square-foot
facility-4,000 square feet smaller than the one here-is estimated in the $8 million to $10 million range. While it may be
a bit smaller in size, the scope is broader. The new incubator will promote both life sciences companies and information technology
firms. That goal differs from the mission of the existing IU Emerging Technologies Center on 10th Street, which...
MoreArcadia banking on DailyMed: Company hopes product sales can help it escape debt, lift stock
October 6, 2008
Peter SchnitzlerWhen Arcadia Resources Inc. moved from Southfield, Mich., to Indianapolis last fall, the Indiana Economic Development Corp.
crowed with pride. In exchange for incentives worth more than $6 million, the state had landed the headquarters of a publicly
traded life sciences firm with more than 5,000 employees. Even better, the company was ready to launch an innovative new product
that promises to improve home health care while simultaneously reducing its cost. A year has passed, but investors still aren't
as...
MoreON THE RECORD:
September 8, 2008
O N T H E R E C O R D First Merchants Corp. of Muncie announced Sept. 3 that it has agreed to buy Lincoln Bancorp of Plainfield
for about $75 million. The acquisition expands First Merchants' presence in the Indianapolis area from the northern suburbs
into other fast-growing suburbs on the west and south sides. Announcement of the deal sparked a 37-percent runup in the value
of Lincoln shares. Elanco, the animal-health division of Eli Lilly and Co.,...
MoreVIEWPOINT: Advancing manufacturing is key to future
September 1, 2008
Joseph HornettWe've all heard it: Our economy is creeping to a crawl. Skyhigh oil prices, a weak housing market and the struggling U.S.
dollar are discouraging consumers and business owners alike. Fears about our nation's fiscal health are shaking broader confidence
in the banking industry, the system of global trade, and even our public image abroad. In the face of such adversity, it's
helpful to remember that Americans have faced daunting challenges in the past. In tougher times, such as the...
MoreVOICES FROM THE INDUSTRY: China, higher education and our economic future
September 1, 2008
Mark MilesIn mid-September, I'll be traveling to China's Liaoning province as part of a delegation led by Indiana State University,
hosted by Liaoning University. We'll arrive in the country too late for the Olympics, but we'll be there to talk about another
form of global competition-economic development. It's appropriate that the two universities are co-hosting a conference on
economic development issues, given the importance of human capital in our economy. It's especially appropriate for China,
where higher education has become a...
MoreCautious contractors warm to Lilly-Covance deal: Drugmaker works to assuage fears of some local researchers worried they might
lose lucrative work
August 25, 2008
J.K. WallWhen Eli Lilly and Co. announced Aug. 6 that it would more than double the amount of research and development work it outsources
to Covance Inc., Dr. Alfonso Alanis got nervous. The CEO of contract researcher Anaclim LLC worried that more work for Covance
would mean less work for local firms that provide drug development services to Lilly. Executives at other local firms, who
asked not to be named because of confidentiality agreements with Lilly, also have fretted that their...
MoreLawsuits stem from hiring of sales reps: Big device makers battle to protect trade secrets
August 11, 2008
Scott OlsonA spate of lawsuits involving the state's largest medical-device makers underscores the fiercely competitive nature of the
life sciences sector, particularly when the billion-dollar companies need to protect trade secrets. Warsaw orthopedics manufacturer
Biomet Inc., Indiana's fourth-largest private company, is at the center of much of the messy litigation, which stems from
a former sales representative's move to rival Zimmer Holdings Inc., also based in Warsaw. In two unrelated lawsuits, Biomet
sued in July 2007 the Kentucky sales rep and...
MoreVOICES FROM THE INDUSTRY: Genetic info act will do more than stop discrimination
August 11, 2008
Dave C.The promise of personalized medicine-genetic tests that allow more informed and individualized health care decisions-has been
blocked in recent times as patients struggle with the fear that those same genetic test results could bring genetic discrimination
in the form of cancelled health insurance coverage or even the catastrophe of job loss. In 1997, Indiana enacted a state law
protecting genetic screening or testing and prohibiting health insurers from considering any information obtained from such
testing in a manner adverse to...
MorePitch-Perfect Price: Digonex Technoloties' software helps retailers profit from demand
July 28, 2008
Jennifer WhitsonIs every song downloaded from iTunes really worth 99 cents? Indianapolis-based Digonex Technologies doesn't think so, and
it has developed a computer program using some complicated algorithms to prove it. The company's software compiles sales data
and re-prices items for online sales, allowing merchants to maximize profits by adjusting prices up or down based on demand.
Consumers don't notice a difference. "What we're doing is a big idea," said Digonex CEO Jan Eglen, 65. "Most of the [pricing
systems] you...
MoreFishers planning tech incubator: Town hires former IU Emerging Technology Center chief to lead biz park
July 14, 2008
Peter SchnitzlerFast-growing Fishers has the kind of assets economic developers dream about-strong schools, affordable housing and median
family income of $81,971. Now the town wants to build on that foundation by adding a high-tech business park to its list of
amenities. "Businesses are looking to come to a site where they can find employees with the requisite level of education and
the ability to get additional education close by. Education is the key," said Fishers Town Council President Scott Faultless.
"We...
MoreIU program aims to turn lab rats into leaders: Business training is tailor-made for scientists
July 7, 2008
J.K. WallAndrea Walker is a chemist with management aspirations. But instead of signing up for a traditional MBA program, the team
manager at Indianapolis-based AIT Laboratories will enroll this year in a slimmed-down business program that focuses on the
life sciences. The program, called the Kelley Executive Certificate in the Business of Life Sciences, is a new creation of
Indiana University's Kelley School of Business. The program will conduct most of its classes online over a one-year period.
The courses will...
MoreBiotech database gives G&S high hopes: Firm sees more demand for grant-award research
June 23, 2008
Scott OlsonBy conducting market research for some of the largest pharmaceutical companies in the world, locally based G&S Research Inc.
has grown into a $10 million firm. But founders have even higher expectations for their G&S Discovery division, which was
formed two years ago. Its flagship product, Navigrant, provides a database of government grant awards for national biomedical
research. The total market worldwide for life sciences research is estimated at $45 billion. Navigrant has compiled information
on 450,000 awards from 60...
MoreThe daily lunch special? Life sciences information: Law firm, Indiana Health Industry Forum bringing industry players together
for monthly presentations
June 23, 2008
Katie MaurerThe phrase "Let's do lunch" has taken on a new meaning over the past five years in the Indiana life sciences community. Since
2003, a who's who of the biotechnology, medical device, pharmaceutical and other fields have gathered at the downtown law
offices of Barnes & Thornburg LLP to meet and eat at the Life Sciences Lunch Series. A collaborative effort of the law firm
and the Indiana Health Industry Forum, the monthly event provides a networking and education platform...
MoreVOICES FROM THE INDUSTRY: Nanotechnology presents an enormous opportunity
June 23, 2008
Brad AddisonIn a "supersized" culture, where bigger is better, nanotechnology is redefining the meaning of slimming down. Today, all of
our favorite songs fit on a business card-size machine instead of on hundreds of CDs. Loud, clunky medical equipment has been
with sleek quiet machinery that produces results in seconds. And, scientists and engineers in various industries are working
with the smallest particles to build some of the most complex structures. The term "nanotechnology" refers to materials and
devices that function...
MorePurdue joins Conexus on manufacturing, logistics effort: University, advocacy group predict evolving industry
June 16, 2008
Scott OlsonAn advocacy group formed a year ago to boost the visibility and growth of the state's advanced manufacturing and logistics
industries has received a major lift from Purdue University. Conexus Indiana and Purdue earlier this month announced the formation
of a partnership in which the university will lend its academic and research talents to the organization. The key goals include
linking manufacturers with new suppliers, exploring emerging markets and supporting startups launched from university or privatesector
research. "Conexus is very...
MoreIPIC's BioWorksU virtual effort wins acclaim:
June 9, 2008
Scott OlsonA new Web site developed locally and designed to attract youngsters to careers in the life sciences sector now shares something
in common with the wildly popular Club Penguin site. The Indianapolis Private Industry Council, with assistance from locally
based Creative Street Media Group, created BioWorksU.com. And while more educational and likely more appealing to a larger
age group than Club Penguin, the two were among recent Webby Awards finalists. Called the "Oscars of the Internet" by The
New York...
MoreIU, Bloomington disagree over best sites for biz development
June 2, 2008
Jonathan HiskesIndiana University and the city of Bloomington are at odds over how best to commercialize the university's discoveries--or,
more specifically, where to commercialize them.
MoreIEDC to launch Web site to match startups with suppliers, vendors
June 2, 2008
J.K. WallFor Indiana's life sciences companies to flourish, they need to get better at romance. Helping companies meet, greet, date
and deal is the idea behind a new Web portal being built by the Indiana Economic Development Corp. to match startups with
in-state vendors, suppliers, investors or people who can help them.
MoreConstruction behemoth Skanska sees potential in Indy: U.S. division of Swedish-based company sets sights on health care, education,
pharmaceutical building sectors
May 26, 2008
Scott OlsonNew Jersey-based Skanska USA Building Inc., a division of the $23 billion Swedish construction powerhouse Skanska AB, arrived
in Indianapolis in April. Named last year as the top green contractor in the nation by Engineering News-Record magazine, Skanska
USA is recognized in particular for its projects in the health care, higher education and pharmaceutical sectors. Its largest
project, however, is the $998 million Meadowlands football stadium under construction in New Jersey. Locally, Terry Parrott,
50, is in charge of operations....
MoreVOICES FROM THE INDUSTRY: Despite some perceptions, future for IT workers bright
May 12, 2008
Jim JayIn mid-March, Bill Gates traveled to Washington to carry an unpopular message to Congress: Raise the limits on visas for foreignborn
tech workers, or Microsoft and other high-tech companies will be forced to move more jobs overseas in search of a skilled
work force. Gates' testimony to the House Committee on Science & Technology wasn't groundbreaking-the shortage of tech workers
is well-documented. But it begs an obvious question: Why have computer science enrollments at U.S. colleges and universities
fallen by...
MoreAngels invest where others fear to tread: Wealthy entrepreneurs join forces to create HALO Capital Group
May 5, 2008
Peter SchnitzlerSome high-tech companies are so risky that even venture capitalists quiver. That's when they turn to angels, who aren't afraid
to fly to the rescue of cash-strapped innovators with chancy yet possibly lucrative ideas. Last year, two dozen of central
Indiana's most successful business veterans decided to intercede on behalf of Hoosier entrepreneurs. They formed HALO Capital
Group, a network of angel investors who seek to speculate on promising Indiana startups. Every other month, the HALO group
meets at a...
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liek the rest of America
These quaint,obsessed musings by the stalkers are certainly entertaining, but I'm trying to figure out what, if anything, all the yelping below has to do with Zak Brown.
It's evident that Moffett was pushing the right buttons and corporate America is now trying to squash him. He just wanted to withdraw the free pilot services provided to the company by the pilots to try and put some pressure on a company that has not been interested in negotiating a contract in over 5 years. The company does not provide a contract because not having one has saved them a bundle of money. Shame on any Republic pilots not standing behind their union leader just because things are getting tough, can you not see such strategic moves by the company as putting the last union president in a corporate position and into THEIR pocket. Do you really believe the last union president is so appalled at the attempts by Moffett, do you not remember his oppositions to the company? We stood behind him. It has been proven over and over again for thousands of years without fail, a man cannot serve two masters. Anyone that believes people vote contrary to their paycheck and livelihood deserve to be taken advantage of, the recent statements by the former union president are laughable as he denounces the current union president from his new corporate position. Have you ever seen a drafted sports player score points for his previous team, it cannot be done, he is not on the pilots side anymore, he gets his money a different way now than you and I do, and he should not be allowed to remain on the seniority list. A drafted player brings strength, credibility, tactical knowledge, and a strategic advantage to his NEW team, he would not be drafted or paid were it otherwise. We are all forced to choose only one side to play for and support, not doing so has many references in life such as insider trading and shaving points, all illegal for good reason. This basic fact is why corporate moguls, scientist, and engineers all sign non-discloser agreements and non-compete clauses, as protection in case they are lured into switching sides as our former union president has done. No NFL coach ever drafted a player so that both teams could benefit and better understand each other, they are recruited to win the game against that former team, period. Likewise the company does not recruit the former union president by accident or mutual understanding, its strategy. Don't confuse playing the game with good sportsman-like conduct in support of common business and prosperity goals, with the requirement to only play for one side. Good men we all love and favor fall subject to this manipulation, often without their knowledge, and it is not a betrayal of their friendship to oppose them when they switch sides. If we did not love and trust them, they would not have been chosen and lured to the other side in the first place. The deception by the drafted player is not made at a conscious level, it's just human nature and it's all about money and power which corrupts our ability to be objective and loyal to two masters. This is why our court system created the defense attorney, and why our military created counter intelligence. Its strategy and its propaganda, and it works, and that's why the "powers to be" manipulate the chess pieces by sometimes changing their colors. Some players know they are being manipulated when their color is changed, but it brings them more money and power so they do not care. The rest have good intentions but do not even realize they are being manipulated. This tactic is also known by another name, Divide and Conquer. In battle sending an imperfect message with an imperfect team is obviously not ideal, but it's still being sent by YOUR team, your union leader, a leader that has common goals and common rewards with you, they are the best, because we have elected them to do a job for us. If you are not backing Moffett but believing the spin by those that have recently switched sides, you are taking food out of your own mouth. Showing unity and backing an imperfect situation still results in taking just as much ground, it's about unity and bargaining power. It's not necessary to wait around for that perfect attack because it will never come, the company will spin and attempt to destroy anyone that gets in their way. Ultimately it's not about any specific attack anyway, ASAP or whatever it makes no difference, it is and always has been only about power. If this company cared about safety it would not build pairings with 8 hour overnights, come on, are you that naive? Besides, do you really think Hoffa cares, no, he got a call from corporate America and was squeezed into denouncing Moffett. If he didn't they would spin the safety card against him and the Teamsters National with implication for truckers, future contracts, insurance rates etc...saying something like the Teamsters use safety as a bargaining chip, blah blah blah... Do you really think any pilot is going to do something unsafe for the contract, absolutely not, the only ones threatening safety here is the company with reduced rest, fatigue, and poverty. Do you not find it odd that Hoffa and the Teamsters are opposing a Teamster president publicly? Would the Teamsters National not normally support and work with one of their own? Why did they not sit down and help him strategize, correct any mistakes, and charge ahead? Would the Teamsters National not normally support and leverage a contract for all those pilots that have been paying Teamster dues, isn't that why we have all been paying Teamster dues in the first place? I sure haven't been paying dues so that the Teamsters National could come along and write this kind of an article undercutting our union leader and our unity. Whose side is the Teamsters National really on, it's obviously not the Republic pilots side.
No matter what Moffatt does the company is going to spin it like he is the terrorist and brainwash people like you into believing it, wake up, back your players that are trying to change things for you and your livelihood. Where has Hoffa been for the last 6 years, except collecting our dues. Seriously, do you really think an FO going for upgrade, signed off by a checkairman ready for the upgrade, who then fails, is not even capable of returning as a First Officer.
whoa!