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Life Science & Biotech
Oxford BioSignals poised to add up to 120 jobs: Indiana's life sciences market, $2.7 million in incentives attract medical
startup
March 19, 2007
Peter SchnitzlerHow does aviation technology conceived at Oxford University and developed with the help of Rolls-Royce end up being tested
at Methodist Hospital and commercialized in Carmel? Oxford BioSignals Medical CEO Frank Cheng knows the answer. Even better,
he can explain why his startup is poised to add 120 jobs over the next few years. "At this point, I don't see anything we
can't do right here in Indiana," he said. Formed in 2000, Oxford BioSignals began its life when research...
MoreNOTIONS: Must we pay the painful price of Hoosier incivility?
March 12, 2007
Bruce HetrickOne of the most effective advertisements I ever created never had to be published. The mere fear it instilled via private
showings to Connecticut state legislators was enough to undo the havoc they were threatening to wreak. At the time, lawmakers
were contemplating what they called a "business services tax," a tax that would be imposed on the services one division of
a corporation provided to another, so long as both operated within the state. For example, if an Aetna...
MoreTax break would reward patent producers: Indiana legislators view bill as way to attract young, innovative high-tech companies
and solo entrepreneurs
March 12, 2007
Scott OlsonA bill weaving its way through the Indiana General Assembly could give the state an edge in attracting and growing the type
of high-tech ventures several states covet. Indiana House Bill 1461, introduced by Rep. Brian Bosma, R-Indianapolis, advanced
to the Senate after sailing through the House of Representatives on Feb. 26 by a vote of 95-3. The legislation that was referred
to the Senate's Economic Development and Technology Committee would provide a tax incentive that would shield income from...
MoreEYE ON THE PIE: Unsolicited advice for IU's next president
March 12, 2007
Morton MarcusCongratulations, Dr. McRobbie, on being selected as Indiana University's next president. I've read that you are committed
to helping IU become more active in the state's economic development. I've heard that from every IU president since I arrived
in 1970. To be successful, it will take major changes. It is not sufficient to appoint a committee of administrators who then
request each part of the university to submit a list of its "economic development activities" for ultimate inclusion in a...
MoreSoftware firm finally making name for itself: Fusion quietly becomes giant in local tech industry
March 5, 2007
Scott OlsonDoug Brown might not know how to name a company, but he sure knows how to grow one. CEO Brown, 46, co-founded Fusion Alliance
Inc. in 1994 along with Tim Shaw, who is no longer active in the firm. The company has since blossomed into the Indianapolis-area's's
largest software developer, with 196 staff and contract software engineers and programmers. Much of the growth coincides with
the decision in 2000 to rechristen the northwest-side company from its original and less glamorous...
MoreSTATEHOUSE DISPATCH: So far, session is all about unearthing new revenue
February 26, 2007
Ed FeigenbaumSure, it's a budget session, and one would expect fiscal talk to dominate the discussion. But the one thing that has surprised
us so far this year-and we are literally at the midpoint-is just how much the dollar debate has consumed this Legislature.
Through the first few weeks of the session, the big sport was picking the over/under on when the relationship between Gov.
Mitch Daniels (R) and House Speaker Pat Bauer (DSouth Bend)-and thus between Republicans and Democrats as...
MoreTechnology-friendly legislation quietly advances: Bills could spur patent commercialization and more
February 12, 2007
Peter SchnitzlerA handful of bills pending in the General Assembly could have a major impact on Indiana's high-tech sector. Legislation under
consideration could stimulate increased commercialization of patented Indiana technology, channel more money toward development
of alternative fuels, require regular review of Indiana's certified technology parks, and more. Tech leaders are optimistic
about the chances their agenda will be approved. "It's the reason we married up with CICP," said Ron Brumbarger, chairman
of TechPoint, a trade association for Indiana high-tech companies....
MoreForensic engineering firm seeks defense work: New initiative hopes to help other local firms follow in Wolf Technical's footsteps
February 12, 2007
Peter SchnitzlerAfter 30 years in the forensic-engineering business, Wolf Technical Services Inc. has analyzed everything from deadly car
crashes to patent infringement. Now, Indianapolis-based Wolf is hoping to diversify into a new area: federal defense contracting.
It's a field local corporate leaders hope Indiana will tap much more frequently in the years to come. "We don't quite know
at the moment where this could lead," said Wolf Director of Client Relations Joseph Ward. "And that's the fun part." The 30-employee
Wolf's...
MoreVOICES FROM THE INDUSTRY: A positive shift in health care: It's OK to say you're sorry
February 5, 2007
Laura N.Last September, when tragic errors led to the deaths of three infants at Indianapolis' Methodist Hospital, the hospital did
something that, just a few years ago, might have seemed unthinkable: It acknowledged the tragedy and admitted that mistakes
were made. "We are all saddened by this news and our hearts are with this family and all the families who have been affected,"
a hospital spokesman told The Indianapolis Star. Added Methodist President and CEO Sam Odle, "Ultimately, the blame for...
MoreCorporate shopping spree: Massive Guidant deal helps make 2006 a record-setting year for local M&A activity
January 29, 2007
Scott OlsonLast year was a record-shattering period for the Indianapolis-area merger and acquisition market, thanks in large part to
the loss of one public corporation. Guidant Corp.'s acquisition by Boston Scientific Corp. for $28.4 billion last year and
the related sale of its vascular business to Abbott Laboratories for $4.1 billion made the 2006 Big Deals list bigger than
ever. That's because the two deals made up about 85 percent of the $38.5 billion of M&A activity tracked down by the...
MoreNeighbors examine the BioCrossroads' approach: Collaboration, not competition, now key for Midwestern life science industry
January 22, 2007
Peter SchnitzlerFive years ago, when the BioCrossroads initiative debuted, pundits compared its challenge to a foot race on a track crowded
with competitors. And they noted a handful of traditional biotech hub cities like San Diego or Boston enjoyed a huge head
start. Today, a better analogy might be a rising tide that lifts all boats. "The pie is getting bigger. It's not a zero-sum
game," said Walt Plosila, vice president and leader of the technology partnership practice for Columbus, Ohio-based...
MoreExecutive lunches feed search for new biotech ideas: Local group of CEOs from venture-funded life sciences firms gather monthly
to share experiences, advice
January 22, 2007
Scott OlsonEach month, leaders of some of the city's most promising life sciences companies gather to share lunch, but they are more
interested in getting an extra dollop of advice that might contain the ingredients for a thriving company. These 14 chief
executives sharing their experiences with one another represent the city's roster of life sciences firms that have received
outside financing from venture capitalists. That means the fledgling enterprises are high-risk investments with the potential
for above-average returns. And with...
MoreLabor sector diversification could spur local economy: $200,000 study targets finance, retail and construction
January 8, 2007
Peter SchnitzlerSexier industry sectors like life sciences or motorsports get all the press. But to remain robust, the Indianapolis Private
Industry Council believes, the area economy needs diversification. The 23-year-old work-force-training not-for-profit believes
the nine-county area also should target three tried-and-true industries: finance and insurance; retail, hospitality and restaurants;
and construction. IPIC, whose $9 million annual budget comes from public and private grants, plans to spend $200,000 during
the first quarter studying the three sectors, which collectively employ 270,000 people in...
MoreAriad patent victory over Lilly among largest in 2006
January 3, 2007
Eli Lilly and Co.’s loss in May of a patent-infringement lawsuit brought by Ariad Pharmaceuticals
Inc. went down as the 6th-largest such jury award last year, a Bloomberg analysis shows.
MoreCICP's chief launches raft of initiatives:
January 1, 2007
-Peter SchnitzlerIn January, Mark Miles returned to Indianapolis after more than a decade at the helm of the Association of Tennis Professionals
to become CEO of the Central Indiana Corporate Partnership. Twelve months later, the CICP looks much different than it did
under his predecessor David Goodrich. And it could soon change even more. A former Eli Lilly and Co. executive and aide to
Dan Quayle, Miles, 53, has been one of the key players in the potential consolidation of the...
MoreBioCrossroads aims to aid life sciences service sector: Group hopes to identify or raise at least $25 million
November 20, 2006
Peter SchnitzlerBioCrossroads, the life sciences initiative responsible for raising the $73 million Indiana Future Fund and the $6 million
Indiana Seed Fund, is in early discussions on a new capital-formation effort. The focus this time around: biotech services
businesses. "This is very much a work in progress," said BioCrossroads CEO David Johnson. "But we believe and acknowledge
this is an area that needs our attention and our active involvement." Next year, Johnson hopes to focus at least $25 million
to $30...
MoreMerger would consolidate technology initiatives under CICP
November 13, 2006
Peter SchnitzlerTechnology advocate Techpoint is considering merging into the Central Indiana Corporate Partnership--a move that would leave
CICP CEO Mark Miles atop all three of Indiana's major business-development initiatives.
MoreTechpoint's new leader sees room to grow: Indiana making progress, but could do better, he says
November 13, 2006
Scott OlsonTechpoint, a locally based technology trade group that represents the interests of about 330 members statewide, is undergoing
a transition in leadership. Jim Jay, 37, has been named interim CEO following the resignation of Cameron Carter, who has led
the organization since 2003. Directors should begin a formal search for a permanent replacement the first of the year. Whether
Jay lands the top job remains to be seen. But in the meantime, the Butler University graduate with an entrepreneurial spirit...
MoreEx-Lilly execs take on diabetes with Carmel startup
November 6, 2006
Peter SchnitzlerFour former top scientists at Eli Lilly and Co. have formed a Carmel-based company to develop diabetes therapies--a venture
observers say has the potential to become the kind of blockbuster success BioCrossroads was built to stimulate.
MoreEx-prosecutor's lab biz builds network of government clients
September 18, 2006
Tom MurphyLabs are nearing capacity at Strand Analytical Laboratories, which provides forensic and paternity DNA testing. In the second
year of Scott Newman's business, the former prosecutor predicts 2007 revenue will reach $4 million.
MoreECONOMIC ANALYSIS: Strong economy draws out plethora of spending plans
September 4, 2006
Patrick BarkeyIf you ever want to satisfy your curiosity about recessions and business cycles, travel over to the Web site of the National
Bureau of Economic Research. It has recorded and documented every downturn and uptick in the U.S. economy since 1857. And
over that century and a half, the bureau has noticed certain regularities to the boom and bust of the economy around us. In
the first stages of recovery from a recession, for example, it is quite common for...
MoreIEDC shelves proposal to copy Ohio initiative: Program matches promising startups with capital
August 28, 2006
Peter SchnitzlerAn Ohio program launched in 2003 to urge development of extremely earlystage companies has already spurred investments worth
$239 million in 68 Buckeye startups. Venture capitalists would like to duplicate the program here. But their proposal has
been languishing at the Indiana Economic Development Corp. for a month. "We have the application. We haven't done anything
with it," said IEDC Director of Small Business and Entrepreneurship Bruce Kidd. "This is a classic steeple chase. You've got
lots of hurdles to...
MoreIU professor gains human insight from android studies: Robots might someday train students
August 21, 2006
Scott OlsonAndroids are creatures of science fiction to most people, but to Karl MacDorman, robots made to resemble humans are more like
colleagues. MacDorman, 40, is an associate professor at the Indiana University School of Informatics in Indianapolis who uses
the mechanical subjects in his studies of human-computer interaction. "The android is a very interesting device in studying
human communication," he said. "If you use a robot, people expect it to act like a robot. But if you use a robot...
MoreIU to seek $80M from state for massive life sciences push
August 14, 2006
Tom MurphyIndiana University leaders believe their researchers can spawn 100 new companies, pump $2.4 billion into the state's economy,
help create 14,000 jobs, and generate a $2.25 return for every dollar spends if the General Assembly will invest in their
bold life sciences strategy.
MoreWellPoint putting members' medical records online: Access to electronic medical information could reduce health care errrors
and avoid unneccesary procedures
August 7, 2006
Scott OlsonA benefits package WellPoint Inc. unveiled in July includes an ambitious effort that enables its 34 million members to access
their medical records online. WellPoint's initiative to make the records available electronically is but one example of a
national movement, backed by President Bush, to make all medical records available online within the next 10 years. Advocates
say online systems can reduce medical errors and avoid unnecessary procedures by making patients' medical needs and histories
available to doctors instantaneously. Indianapolis-based...
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Can IBJ please stop referring to this property as "Kessler Mansion"? What a ridiculous title for the biggest, bloated, blight in our city. It's not a mansion. At best, it's an ideal site to shoot low-budget porn. Ahhh! Another business use!
Its stories like these that prove that a Ball State diploma is worth less than the paper that its printed on. A real institution of higher learning would have taken care of this long ago. No way should this crap be taught in a SCIENCE class.
It is such a shame that King Ballard has made Indianapolis into Chicago south with all of the rampant corruption.
How many of these 1,259 bills were actually heard and voted on on the floor vs how many were shot down in committee?
When a an arrogant young guy with essentially no experience and no qualifications for the job, was dropped into an Administrator position out of nowhere by his "mentor" in the Mayor's office things seemed fishy. Sometimes things are what they seem.