Life Science & Biotech

ON THE RECORD:Restricted Content

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.,...
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VIEWPOINT: Advancing manufacturing is key to futureRestricted Content

September 1, 2008
Joseph Hornett
We'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...
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VOICES FROM THE INDUSTRY: China, higher education and our economic futureRestricted Content

September 1, 2008
Mark Miles
In 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...
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Cautious contractors warm to Lilly-Covance deal: Drugmaker works to assuage fears of some local researchers worried they might lose lucrative workRestricted Content

August 25, 2008
J.K. Wall
When 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...
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Lawsuits stem from hiring of sales reps: Big device makers battle to protect trade secretsRestricted Content

August 11, 2008
Scott Olson
A 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...
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VOICES FROM THE INDUSTRY: Genetic info act will do more than stop discriminationRestricted Content

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...
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Pitch-Perfect Price: Digonex Technologies' software helps retailers profit from demandRestricted Content

July 28, 2008
Jennifer Whitson
Is 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...
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Fishers planning tech incubator: Town hires former IU Emerging Technology Center chief to lead biz parkRestricted Content

July 14, 2008
Peter Schnitzler
Fast-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...
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IU program aims to turn lab rats into leaders: Business training is tailor-made for scientistsRestricted Content

July 7, 2008
J.K. Wall
Andrea 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...
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Biotech database gives G&S high hopes: Firm sees more demand for grant-award researchRestricted Content

June 23, 2008
Scott Olson
By 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...
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The daily lunch special? Life sciences information: Law firm, Indiana Health Industry Forum bringing industry players together for monthly presentationsRestricted Content

June 23, 2008
Katie Maurer
The 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...
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VOICES FROM THE INDUSTRY: Nanotechnology presents an enormous opportunityRestricted Content

June 23, 2008
Brad Addison
In 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...
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Purdue joins Conexus on manufacturing, logistics effort: University, advocacy group predict evolving industryRestricted Content

June 16, 2008
Scott Olson
An 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...
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IPIC's BioWorksU virtual effort wins acclaim:Restricted Content

June 9, 2008
Scott Olson
A 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...
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IU, Bloomington disagree over best sites for biz developmentRestricted Content

June 2, 2008
Jonathan Hiskes
Indiana 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.
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IEDC to launch Web site to match startups with suppliers, vendorsRestricted Content

June 2, 2008
J.K. Wall
For 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.
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Construction behemoth Skanska sees potential in Indy: U.S. division of Swedish-based company sets sights on health care, education, pharmaceutical building sectorsRestricted Content

May 26, 2008
Scott Olson
New 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....
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VOICES FROM THE INDUSTRY: Despite some perceptions, future for IT workers brightRestricted Content

May 12, 2008
Jim Jay
In 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...
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Angels invest where others fear to tread: Wealthy entrepreneurs join forces to create HALO Capital GroupRestricted Content

May 5, 2008
Peter Schnitzler
Some 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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Networking key for Heron: Life sciences venture capital firm has invested in four startupsRestricted Content

May 5, 2008
Peter Schnitzler
Four 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...
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VOICES FROM THE INDUSTRY: VC investment will help Indiana through any recessionRestricted Content

May 5, 2008
Charles Schalliol
In 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...
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EDITORIAL: Leadership has its rewards: Health info exchange is exhibit ARestricted Content

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...
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International students flock to Purdue, IU: State schools are national leaders in attracting foreign-born scholarsRestricted Content

April 21, 2008
Anthony Schoettle
Purdue 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...
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Startup NICO Corp. hopes to commercialize brain surgery deviceRestricted Content

April 21, 2008
Peter Schnitzler
Economists 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.
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VIEWPOINT: 'Buy local' should be rallying cryRestricted Content

April 7, 2008
Brian Sullivan
In 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...
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