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Life Science & Biotech
Networking key for Heron: Life sciences venture capital firm has invested in four startups
May 5, 2008
Peter SchnitzlerFour years ago, attorney Greg Maurer decided he wanted to try his hand at venture capital. So he began calling everyone he
knew in Indianapolis for help. It took several years. But eventually, Maurer attracted a team of experienced venture managers
to his side. He also assembled two expert boards: one filled with scientists to help analyze the technical side of new business
plans, and another composed of veteran investors to consider their market potential. Maurer, 31, is the son...
MoreVOICES FROM THE INDUSTRY: VC investment will help Indiana through any recession
May 5, 2008
Charles SchalliolIn 2002, Indiana ranked an anemic 37th among all states in the amount of total venture capital investment. That year, California
had 41 times the investment of Indiana on the basis of per dollar of gross state product. Indeed, few local entrepreneurs
or finance professionals could identify more than a couple of Indiana-based VC funds. Few national venture funds even visited
Indiana companies as they flew over the Hoosier state on their way between the coasts. As I learned while...
MoreEDITORIAL: Leadership has its rewards: Health info exchange is exhibit A
May 5, 2008
Leadership has its rewards Health info exchange is exhibit A Being the best isn't everything, but it goes a long way when
you're trying to attract money and expertise. That's why it's significant that the Indiana Health Information Exchange is
taking its show on the road. As IBJ reporter J.K. Wall reported last week, those who oversee the platform for sharing patient
records and test results electronically are preparing to make it available in other states. Hospitals and physicians in...
MoreInternational students flock to Purdue, IU: State schools are national leaders in attracting foreign-born scholars
April 21, 2008
Anthony SchoettlePurdue and Indiana universities have become magnets for international students. Purdue is third in foreign student enrollment
among all U.S. private and public colleges and universities. Indiana is No. 15. Another Big Ten school-the University of Illinois-is
No. 2. The University of Southern California is the leader, with 7,000 foreign students. Purdue currently has 4,994 foreign
students enrolled in graduate and undergraduate programs, while IU has 4,027. This year, overall, there are about 39,102 students
enrolled at Purdue's main campus...
MoreStartup NICO Corp. hopes to commercialize brain surgery device
April 21, 2008
Peter SchnitzlerEconomists call it a "virtuous cycle" when successful entrepreneurs plow their gains into new businesses. Jim Pearson calls
it another day on the job. The former Suros Surgical Systems Inc. CEO is attempting to repeat what he already has done: Build
a company to bring a promising medical device all the way from the drawing board to the market.
MoreVIEWPOINT: 'Buy local' should be rallying cry
April 7, 2008
Brian SullivanIn recent months, our governor and mayors across the state proudly have announced business developments and out-of-state companies'
plans to expand or relocate in Indiana. They've worked overtime to earn these economic boosts, and they're to be congrat ulated
for helping bolster the state and local economy. But we're ignoring a simple strategy that could yield many more high-paying
jobs: Buy local. Here's the irony: Pursuing this strategy doesn't have to cost a dime. No recruiting trips to China, no...
MorePolishing the pitch: Business-plan competitions give student entrepreneurs experience, exposure
March 31, 2008
Jennifer WhitsonCollege entrepreneurs in Indiana are sharpening their business plans and practicing their pitches in hopes of convincing experts-the
possibly funders-that they've come up with the next big idea. The venue: the increasingly highstakes competitions that universities
here and elsewhere sponsor to give them practice selling themselves and their ideas. Success can come with more than bragging
rights, since judges often include venture capitalists who can help transform finalists' dreams into reality. "I can't imagine
a better way to train for...
MoreFree-lancing turns into big-time marketing: Mom-and-pop ExaroMed now growing fat with large drug and device clients from across
the country
March 31, 2008
J.K. WallMost free-lance writers eke out a living. The most fortunate live comfortable lives. But Mindy Mascaro turned her freelance
writing business into a thriving company. Carmel-based ExaroMed LLC is now producing sales and marketing content for the like
of Roche Diagnostics, Eli Lilly and Co. and Amgen Inc. It has also served smaller life sciences companies such as Indigo BioSciences
Inc. and Cheetah Medical Inc. The company has zoomed from six employees to 20 in the last year. It's already...
MoreVOICES FROM THE INDUSTRY: New tax break makes Indiana more attractive than ever
March 17, 2008
Cedric D\'hueRapid growth in the high-tech fields of biotechnology and life science has made Indiana a shining example of how promoting
emerging industries can transform an agricultural and manufacturingbased economy into a national leader in innovation. It
has done so by creating an environment in which knowledge-based businesses can thrive. Building on this success, Indiana continues
to position itself as a leader in emerging technologies. A new tax law that took effect this year will present another major
step toward this...
MoreVOICES FROM THE INDUSTRY: Green building should be the norm, not the anomaly
February 11, 2008
Sarah HempsteadI cringed when I heard the news: Indiana is second to last when it comes to being green. We're supposed to be America's heartland.
But instead of being known for the life sciences, economic initiatives or even our corn fields, we're getting recognized for
our dirty air and water. Last year, Forbes conducted a study to find the greenest states in the country. Vermont, Oregon and
Washington topped the list. At the bottom: Alabama, Indiana and West Virginia. While Indiana...
MoreTechnology park could boost area's biomedical efforts: First phase of Purdue project, featuring accelerator building for up
to 25 startups, should be finished this year
February 4, 2008
Scott OlsonThe park is expected to be a major amenity for the area's growing biomedical economic development efforts. Purdue Research
Foundation paid $2.5 million in June to purchase a half-interest in 78 acres at AmeriPlex industrial park. The university
ultimately anticipates filling it with as many as 75 businesses and 1,500 jobs. AmeriPlex owner Holladay Properties, a South
Bend developer of industrial parks, owns the other half of the site. Dubbed Purdue Accelerator Park at AmeriPlex-Indianapolis,
the project is intended to...
MoreReport sees jackpot with BioCrossroads, but expert sees obstacles
February 4, 2008
J.K. WallThree months after launching an initiative to boost drug-development firms in Indiana, officials at BioCrossroads have written
a report that attempts to show in detail the vast market opportunity they see.
MoreVOICES FROM THE INDUSTRY: Patent ruling a big victory for biotech, drug industries
January 21, 2008
Lynn TylerLast Halloween a federal court in Virginia gave the biotech and pharmaceutical industries a big treat when it preliminarily
halted the Patent and Trademark Office, or PTO, from implementing new rules governing certain aspects of patent prosecution.
This ruling was significant because it prevented the PTO from imple menting new rules governing patent applications that many
thought would weaken protection of important biological and chemical inventions. Several local life sciences businesses and
entities with significant numbers of patent applications in...
MoreCity emerging as drug distribution hub: Medco Health Solutions deal latest boon to growing subsector in Indiana's life sciences
development efforts
January 21, 2008
Peter SchnitzlerThanks to a series of major economic development wins, Indianapolis is enjoying a pharmaceutical distribution business hot
streak. Life sciences industry leaders hope to keep the sizzle burning in 2008 and beyond. "It's not something we're hoping
we can do someday. It's something we're already doing now," said BioCrossroads CEO David Johnson. "We're simply trying to
expand the footprint of what we're doing." Pharmaceutical logistics has become a big business. According to the Arlington,
Va.-based Healthcare Distribution Management Association, U.S....
MoreGrowing biomed firm rolls with the changes: Under string of owners, Seradyn develops niche producing immunoassays
January 21, 2008
Scott OlsonLife sciences firm Seradyn Inc. on Georgetown Road has endured a revolving door of owners in the 30-some years since its inception.
But what hasn't changed is its dedication to developing immunoassays for medical purposes. Immunoassays are chemical tests
used to detect or quantify a specific substance-the analyte-in a blood or body fluid sample. Seradyn develops and manufactures
assays that use antibodies to measure drug concentrations in the bloodstream. In the past 10 years, Seradyn has developed
15 such products...
MoreEye research could spawn biotech product: Cornea Research Foundation aims to reduce global shortage of corneal transplants
December 17, 2007
J.K. WallPeering into a high-powered microscope in cramped, shared lab space at Indiana University Medical Center, Dr. Juan Carlos
Grandin is trying to see a solution to a worldwide problem: a shortage of corneas available for transplants. If he's successful,
Grandin's work could one day lead to a new biotech product for an Indianapolis company. Officials from Indianapolis-based
EndGenitor are watching the project but currently have no stake in it. At the very least, Grandin's work provides a bit of
prestige...
MoreLilly's plan to outsource more work is good news, bad news
December 17, 2007
J.K. WallEli Lilly and Co. will shrink itself with "great intensity" over the next few years, in part by
outsourcing. For other local life sciences firms, that's a fat pitch for new business. But it's not clear if non-Lilly firms
can grow fast enough to offset the jobs and wages Indianapolis will lose from Lilly.
MoreFull incubator widens reach: Tech center to help non-tenants
November 26, 2007
Scott OlsonThe "no vacancy" sign hanging at an Indiana University business incubator has prompted officials to launch a program in which
startup companies can gain access to support services without renting space. IU's Emerging Technologies Center, on West 10th
Street near the Central Canal, houses 25 companies in about 44,000 square feet of space. The center has been operating at
full capacity the past two years and has a waiting list of four companies. For those who can't get into the...
MoreVOICES FROM THE INDUSTRY: Technology, life sciences creating new Hoosier jobs
November 26, 2007
Sally ByrnWhile other states strive to find their places in today's international economy, the Hoosier state has made a reputation for
itself in the life sciences arena. It's an important effort, especially when you consider that our state's past successes
were in the field of manufacturing. Con sidering that the 2007 Indiana Manufacturers Directory reports Indiana lost more than
17,000 manufacturing jobs in the past year, this new economic model built upon technology and life sciences is important,
if not essential,...
MoreWhite River State Park to choose new marketing firm: Attraction's growing profile lures a slew of bidders
November 26, 2007
Jennifer WhitsonLeaders at White River State Park are winnowing down a field of 18 candidates who want to lead the downtown attraction's public
relations and marketing efforts the next two to three years. Park Executive Director Bob Whitt said a winner has not yet been
chosen and declined to comment on the selection process, but industry sources identified three finalists: locally based firms
Borshoff and Hirons & Co., and Bandy Carroll Hellige of Louisville. When park officials put out the call...
MoreHealth care top choice in career poll: Student interest in technology jobs holds steady, state survey finds
November 19, 2007
Scott OlsonRecent results from an annual survey show health services remains the most popular career choice among Indiana high-school
juniors planning to go to college. The questionnaire was administered by Learn More Indiana, an effort to promote college
and career planning supported by the Indiana Commission for Higher Education, as well as a few other state agencies. Learn
More Indiana has existed for about 20 years, but had been known as the Indiana College Admissions and Placement Center before
the arrival...
MoreCommentary: To the victor go the schools?
November 5, 2007
Abdul-Hakim ShabazzI have no idea who will get the job of mayor of Indianapolis come Nov. 7. But whoever it is can make a real difference in
this town by tackling its most pressing issue: public schools. Good schools are the lifeblood of any community. They increase
property values, lower crime and make your municipality more attractive to companies looking to relocate. Marion County schools
haven't had the best track records. Whether it's Indianapolis Public Schools and its academic performance, Washington...
MoreEDITORIAL: Tough love for struggling park: State's high standards deserve praise
October 29, 2007
Tough love for struggling park State's high standards deserve praise It would be easy for the state's certified technology
park initiative to degenerate into a handout program with little or no accountability. If communities in all corners of the
state get a park, along with the accompanying tax benefits and grants, everyone's happy, right? Perhaps. But for the Indiana
Economic Development Corp. to deploy resources in the most potent manner, it must focus on the parks with the potential to...
MoreCity's life sciences corridor to get $4M in improvements
October 22, 2007
Peter SchnitzlerCity planners have long envisioned a high-tech corridor of life sciences research buildings and businesses extending northwest
of downtown to 16th Street. And the city is now spending $4 million on infrastructure and streetscape improvements toward
that end, as well as signage identifying the area as a life sciences hub.
MoreArcadia Resources HQ lured to city by central location:
October 15, 2007
Peter SchnitzlerArcadia Resources Inc. CEO Marvin Richardson, an Anderson native and Purdue University pharmacy graduate, said Indianapolis
was chosen for the company's new headquarters because the city's central location will create an advantage when it launches
a new drug-packaging system. The system, called DailyMed, will help patients manage their prescription pills. The company
plans to open a distribution center for DailyMed in the near future that eventually could employ 300 or more. Arcadia will
move from the Detroit suburb of Southfield....
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Doug Henning!
These guy were thugs — they grew up in freaking Haughville! Smh, sigh. If the mayor needs/wants "quality" Black Hoosiers who are NOT corrupt, give me a call — I know plenty. Land bank info here - http://www.kubepharm.com/indylandbank/IndyLandBank.html
Magician and illusionist!
The basic idea of nice apartments with parking and retail is a good one, but this design seems overwhelmingly big/tall for Broad Ripple. The size could be disguised a bit with lots of big trees/landscaping, but the complex is too massive to blend in easily. That section of canal between College and Westfield will also need to be upgraded on both sides. Nice apartments facing onto a nice promenade with shade trees/plantings could bring together the canal towpath/Monon recreation, the outdoor seating at existing restaurants, and this project into something that upgrades the whole area. A plan for the whole stretch makes more sense than facing nice new housing onto what looks like a ditch. Is there a plan? Does the public have input? Who pays? The apartment idea seems to be reasonable, but Whole Foods is not a good idea for appropriate retail. Besides the store being physically too big, there are already Fresh Market at 54xCollege and Whole Foods in Nora for fancy groceries. Good Earth and Kroger are within walking distance of the Shell site. There are at least 7 grocery stores within a safe bike ride. Whole Foods would add nothing but traffic congestion. This design is on the right track, but there needs to be more work done to ensure that it blends in with and enhances the existing community. A project that large will set a tone for that whole part of town. It could be a real asset, but only if done right.
I did not move to Zionsville to live in Carmel. This and the subsequent developments to follow will ensure a vanilla uniformity of strip malls and apartment buildings as we seek to bring our town down to the least common denominator. We were warned before recent elections that pro-development council members would make sure their friends (landowners and developers) would be able to make their millions off of the exploitation of Zionsville. Why in God's name would we sell out the best preserved small town in the State of Indiana?