Life Science & Biotech

Polishing the pitch: Business-plan competitions give student entrepreneurs experience, exposureRestricted Content

March 31, 2008
Jennifer Whitson
College 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...
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Free-lancing turns into big-time marketing: Mom-and-pop ExaroMed now growing fat with large drug and device clients from across the countryRestricted Content

March 31, 2008
J.K. Wall
Most 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...
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VOICES FROM THE INDUSTRY: New tax break makes Indiana more attractive than everRestricted Content

March 17, 2008
Cedric D\'hue
Rapid 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...
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VOICES FROM THE INDUSTRY: Green building should be the norm, not the anomalyRestricted Content

February 11, 2008
Sarah Hempstead
I 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...
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Technology park could boost area's biomedical efforts: First phase of Purdue project, featuring accelerator building for up to 25 startups, should be finished this yearRestricted Content

February 4, 2008
Scott Olson
The 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...
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Report sees jackpot with BioCrossroads, but expert sees obstaclesRestricted Content

February 4, 2008
J.K. Wall
Three 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.
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VOICES FROM THE INDUSTRY: Patent ruling a big victory for biotech, drug industriesRestricted Content

January 21, 2008
Lynn Tyler
Last 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...
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City emerging as drug distribution hub: Medco Health Solutions deal latest boon to growing subsector in Indiana's life sciences development effortsRestricted Content

January 21, 2008
Peter Schnitzler
Thanks 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....
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Growing biomed firm rolls with the changes: Under string of owners, Seradyn develops niche producing immunoassaysRestricted Content

January 21, 2008
Scott Olson
Life 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...
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Eye research could spawn biotech product: Cornea Research Foundation aims to reduce global shortage of corneal transplantsRestricted Content

December 17, 2007
J.K. Wall
Peering 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...
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Lilly's plan to outsource more work is good news, bad newsRestricted Content

December 17, 2007
J.K. Wall
Eli 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.
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Full incubator widens reach: Tech center to help non-tenantsRestricted Content

November 26, 2007
Scott Olson
The "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...
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VOICES FROM THE INDUSTRY: Technology, life sciences creating new Hoosier jobsRestricted Content

November 26, 2007
Sally Byrn
While 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,...
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White River State Park to choose new marketing firm: Attraction's growing profile lures a slew of biddersRestricted Content

November 26, 2007
Jennifer Whitson
Leaders 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...
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Health care top choice in career poll: Student interest in technology jobs holds steady, state survey findsRestricted Content

November 19, 2007
Scott Olson
Recent 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...
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Commentary: To the victor go the schools?Restricted Content

November 5, 2007
Abdul-Hakim Shabazz
I 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...
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EDITORIAL: Tough love for struggling park: State's high standards deserve praiseRestricted Content

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...
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City's life sciences corridor to get $4M in improvementsRestricted Content

October 22, 2007
Peter Schnitzler
City 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.
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Arcadia Resources HQ lured to city by central location:Restricted Content

October 15, 2007
Peter Schnitzler
Arcadia 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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Marketing firm broadens offerings, narrows focus: Hetrick projects 20-percent growth on fewer clientsRestricted Content

October 8, 2007
Anthony Schoettle
In the last year, Hetrick Communications has hired 10 employees, added a major new client, and changed its focus. What was once primarily a public relations firm is now also an advertising agency targeting health care and life sciences. On the heels of the changes, Hetrick actually wants fewer clients. "We want fewer, bigger clients," said Amy Ahlersmeyer, the firm's president and chief operating officer. "We want our growth to come absolutely in the health care and life sciences sector."...
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FlowCo on verge: BioCrossroads grant boosts promising biotech firmRestricted Content

October 1, 2007
Scott Olson
Drug-coated stents, which are used to open clogged arteries, can be life savers-if they're implanted correctly. The $6 billion global stent market has come under scrutiny lately from doctors and researchers concerned that poor technique by cardiologists may contribute to rare but dangerous blood clots that can form after a stent is inserted. Stents that aren't placed properly over the affected area may enable clots to form. But a device developed by an IUPUI researcher could prevent mishaps by helping...
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Capital key topic at forum: Fourth life sciences event grows with local industryRestricted Content

October 1, 2007
Scott Olson
The pulse of Indiana's fledgling life sciences sector will be taken later this month at an annual conference featuring some of the industry's strongest advocates. Experts will weigh in on several topics ranging from the discovery of technology to accessing capital, which is a growing concern for the earliest-stage companies that are riskier investments. In its fourth year, the Indiana Life Sciences Forum will take place Oct. 22-23 at the Westin Indianapolis and will be hosted by Indiana business-development initiative...
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STARTUP GAZELLE WEB & CONSULTING LLC: Entrepreneur offers to help entrepreneursRestricted Content

July 30, 2007
-Amanda Getchel
STARTUP GAZELLE WEB & CONSULTING LLC Entrepreneur offers to help entrepreneurs Type of business: Consults with startup and growing companies Location: 885 Waveland Lane, Greenwood Phone: 450-7746 E-mail: lott.brandon@gmail.comWeb site: www.gazellewebandconsulting.comFounded: December 2006 Owner: Brandon Lott Owner's background: Lott, 33, grew up in the south side of Indianapolis and graduated from Indiana University in 1998 with a health care degree. He went to New York in 2005 to work as an operations manager for retailer Alan Flusser Custom Shop, but...
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Strides taken in life sciences, experts say: Industry panel: Thanks to ongoing efforts, Indiana has experienced serious progress as biomedical hotbed during last 5 yearsRestricted Content

July 23, 2007
Five leaders of Indiana's life sciences industry offered their perspectives at the Indiana Convention Center June 26 as part of the Indianapolis Business Journal's Power Breakfast Series. The panelists: Mike Arpey, managing director of global investment bank Credit Suisse's Asset Management Division and manager of the $73 million Indiana Future Fund for BioCrossroads, the state's life sciences economicdevelopment initiative. Ron Ellis, co-founder, president and CEO of Lafayettebased Endocyte Inc., a biotechnology company focused on the treatment of cancer through receptor-targeted...
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VOICES FROM THE INDUSTRY: Life sciences patents still alive after Supreme decisionRestricted Content

July 23, 2007
Lynn C.
In late April, the U.S. Supreme Court decided an important case-KSR International v. Teleflex Inc.-that addressed the test for determining whether a patent is obvious and therefore invalid. As is often the case, the court's opinion set off considerable speculation about how broadly it should be interpreted: Does it establish a broad, general principle? Is it creating a trend that patents are more likely to be found obvious in the future? Or is its significance limited to the patent in...
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