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Life Science & Biotech
Real estate experts examine the market: Indianapolis in good shape overall, panelists say, but job growth, incentive issues,
among concerns
April 24, 2006
On April 14, as part of its Power Breakfast Series, the Indianapolis Business Journal gathered a panel of commercial real
estate and construction experts to discuss industry conditions in the local market. In a discussion moderated by IBJ Editor
Tom Harton, panelists took on a wide range of issues, including tax incentives and the status of downtown's residential and
retail markets. Power Breakfast guests were Mike Curless, executive vice president and principal with Lauth Property Group;
Mike Wells, president of...
MoreTech acquisitions are bittersweet: Investors win, but state loses headquarters
April 24, 2006
Peter SchnitzlerIn the past two weeks, central Indiana's two fastest-growing high-tech companies have announced their sales to larger out-of-state
firms. Local leaders are of two minds about it. On the one hand, there's the enormous payday for investors. Massachusetts-based
Hologic Inc. is buying Indianapolis-based medical-device maker Suros Surgical Systems Inc. for at least $240 million. And
St. Louis-based TALX Corp. scooped up Carmelbased Internet testing firm Performance Assessment Network Inc. for $75 million.
Optimists hope to see much of that money...
MoreIndiana Avenue looks for revival: Cultural plan: stresses retail, residential growth, and a possible extension
April 3, 2006
Scott OlsonIndiana Avenue looks for revival Cultural plan stresses retail, residential growth, and a possible extension Indiana Avenue's
glory days as a haven for black-owned businesses and vibrant nightclubs exists only in the history books. But a plan to revitalize
the city's newest cultural district could restore some of the luster. City leaders completed the blueprint for redevelopment
early this year and now are in the early stages of executing a plan that organizers say could take 20 years to play...
MoreClarian plans training center: Doctors, nurses to sharpen skills in $44 million building
April 3, 2006
Tom MurphyA team led by Clarian Health Partners will add a $44 million training center to the cluster of life sciences businesses taking
root around the Central Canal on the northern edge of downtown. The Indianapolis hospital network recently filed plans with
the city to build a six-story, 182,750-square-foot building on the eastern side of the canal. The site sits just south of
a pathology laboratory on 11th Street that Clarian plans to dedicate later this month. The Indiana University schools...
MoreTurned away, twice: Hot biotech inventor scores coastal cash after local VCs say no
March 27, 2006
Peter SchnitzlerWhen a proven Indiana life scientist invents a promising medical technology, you'd expect local venture capitalists would
snap to attention. So when Lafayette-based Ash Access Technology Inc. announced March 14 it had landed $6 million in venture
capital, it was surprising to note the names of the investors in the deal. None were based inside state lines. But Dr. Stephen
Ash wasn't shocked. After all, he's been through this before. "I don't know what happened," Ash said. "I was disappointed....
MoreTechPoint names up-and-coming Mira nominees: Annual award celebrates excellence in innovation
March 20, 2006
Peter SchnitzlerTechPoint won't distribute its annual Mira awards until its banquet at the Indiana Roof Ballroom May 19. But the state's largest
high-tech trade association has completed the nomination process for its top awards, pulling together a list of 49 innovative
companies and educators in such categories as information technology, life sciences and advanced manufacturing. About 750
people usually attend the Mira banquet. But the awards are meant to reverberate among a far wider population all year long
as confirmation which...
MoreFederal patent legislation could mean major changes: Proposed reform act could cut down on 'trolling' and litigation by switching
approvals to a first-to-file system
March 20, 2006
Scott OlsonPending federal legislation could bring sweeping changes to a patent system critics say is broken and in need of repair. The
Patent Reform Act-before Congress since last year-presents the most substantial overhaul in decades. Significant changes include
creating a process to challenge patents after they are granted and awarding a patent to the first person to submit paperwork.
Patents currently are granted to the first person who hatched the invention, regardless of when documents were filed. Time
frames, though, can...
MoreHospitality madness: City wants to grow reputation as Final Four's ideal site
March 20, 2006
Matthew KishBill Evans' phone rang at 11 p.m. It was a basketball team. The players wanted milkshakes. He popped up like he was bouncing
on one of those mini-trampolines mascots use to dunk basketballs at halftime. He tapped his partner on the shoulder. They
rolled two coolers to the downtown Steak n Shake. He ordered milkshakes. Large ones. Two for each player. They put the shakes
in the coolers and rolled them through the downtown night to the team hotel. The...
MoreYou can take it to the bank: Financial experts say state's economy is rising, merger mania isn't over and regulatory laws
could take a toll
March 13, 2006
On Feb. 24, IBJ Publisher Chris Katterjohn, Managing Editor Greg Andrews and banking reporter Matt Kish sat down with four
leaders from Indianapolis' banking and finance sector: Judith Ripley, director of the Indiana Department of Financial Institutions;
Kit Stolen, CEO of Union Federal Bank of Indianapolis; Steve Beck, president and CEO of the Indiana Venture Center; and Keith
Slifer, senior vice president of LaSalle Bank. Among the topics of conversation: How's the state's economy doing? Are more
bank mergers on...
MoreBRIAN WILLIAMS Commentary: Indiana's life sciences future starts today
March 13, 2006
Indiana's life sciences future starts today In 2004, BioCrossroads was awarded a comprehensive grant by the Lumina Foundation
for Education to study Indiana's life sciences K-12 education standing. One of the goals of the study was to find ways to
improve student performance in science, math and technology in Indiana at the K-12 level. This study rightly identified an
area where meaningful results can be achieved through concerted effort. More important, individuals at Marian College, who
recognize the impact of...
MoreIndiana's universities give industry a boost: State touts wealth of higher-ed insurance programs
March 6, 2006
Scott OlsonPoliticians seem so much more 21st century when they talk about attracting life sciences and information technology jobs to
Indiana. But they're not about to ignore the state's second-largest employer-the often-overlooked insurance industry. Indiana
insurers employ more than 60,000 Hoosiers, second only to farming, and pay an average annual salary of $47,500, nearly $10,000
more than the state average, according to a 2004 study by Purdue University. Moreover, the industry boasts some of the state's
largest public and private companies-WellPoint...
MoreStartup receives first Indiana Seed Fund investment: Purdue-bred SonarMed plans move to Indianapolis
February 27, 2006
Tracy DonhardtUntil recently, SonarMed Inc., a startup developing a new type of breathing tube, was just a mailbox at Purdue University.
But having recently been awarded the first investment from the BioCrossroads' Indiana Seed Fund, SonarMed plans to move into
office space in Indianapolis, hire 15 to 20 employees before the end of the year and begin seeking U.S. Food and Drug Administration
approval for its device. The Indiana Seed Fund was formed last summer and now has $6 million to...
MoreEmerging India: Opportunity or threat?: Indiana businesses brace for growing global competition
February 27, 2006
Peter SchnitzlerOpportunity or threat? Indiana businesses brace for growing global competition Next month, President Bush will make his first
official visit to India. To most of the American media, it'll be just one more round of global terrorism discussions with
a distant foreign nation, perhaps worthy of a brief. The Indian press knows better. Six weeks ahead of Bush's trip, banner
headlines about it ran in every newspaper. Al Hubbard knows better, too. Friends with Bush since their days at Harvard...
MoreEmerging India: Passage to Bangalore: Hoosiers seek outsourcing and investment opportunities
February 20, 2006
Peter SchnitzlerPassage to Bangalore Hoosiers seek outsourcing and investment opportunities BANGALORE, India-The deal was falling apart. Despite
a week of flirtation and friendly negotiations, the two young Indian entrepreneurs rejected the offer from the group of Hoosier
investors. Frustrated, the investors walked out of the hotel conference room. The chance to speculate on an Indian software
startup called Picsquare.comhad fizzled. But none of the six Indiana business leaders was demoralized. After all, they'd crossed
the globe to pursue business opportunities in...
MoreNew FBI facility: tough case to crack: Government struggling to find site to build field office for bureau
February 20, 2006
Tammy LieberThe highly-sought-after job of developing a new building for the FBI's Indianapolis field office is still in play, but it's
hampered by the federal government's inability to find a site for the building. A bevy of local and national developers are
expected to throw their hats in the ring to develop the building, which the Government Services Agency says needs to be 110,000
square feet. For the winner, it would be a high-profile project and one of the more significant...
MoreIPOs take minor dip in 2005: Analysts stay optimistic; 3 Indiana companies set to go public in early '06
January 30, 2006
Scott OlsonThree Indiana companies took the plunge to go public last year, two less than the number that did so in 2004. The state's
slight dip in initial public offerings mirrors the slump in activity nationally. But Indiana appears to be off to a fast start
for 2006. Three other Hoosier companies filed to go public late last year, but had yet to complete their IPOs by year's end.
Overall, the number of companies that went public on the major U.S....
MoreBusy year, but no record: A Wellpoint deal leads list for second year in row, but 2005 lacks blockbuster
January 30, 2006
Peter SchnitzlerFor the second year in a row, a giant Wellpoint deal led the pack. As much money was involved in Wellpoint's $6.7 billion
acquisition of WellChoice Inc. as in the rest of the list combined. It was a huge deal by most any company's standard-except
Wellpoint's. The year before, Wellpoint's $22.7 billion merger with Anthem Inc. led all deals and then some. Thanks to that
single mega-deal, 2004's $31 billion list total shattered all previous local merger and acquisition records....
MoreBusy year, but no record: A Wellpoint deal leads list for second year in row, but 2005 lacks blockbuster
January 23, 2006
Peter SchnitzlerFor the second year in a row, a giant Wellpoint deal led the pack. As much money was involved in Wellpoint's $6.7 billion
acquisition of WellChoice Inc. as in the rest of the list combined. It was a huge deal by most any company's standard-except
Wellpoint's. The year before, Wellpoint's $22.7 billion merger with Anthem Inc. led all deals and then some. Thanks to that
single mega-deal, 2004's $31 billion list total shattered all previous local merger and acquisition records....
MoreIPOs take minor dip in 2005: Analysts stay optimistic; 3 Indiana companies set to go public in early '06
January 23, 2006
Scott OlsonThree Indiana companies took the plunge to go public last year, two less than the number that did so in 2004. The state's
slight dip in initial public offerings mirrors the slump in activity nationally. But Indiana appears to be off to a fast start
for 2006. Three other Hoosier companies filed to go public late last year, but had yet to complete their IPOs by year's end.
Overall, the number of companies that went public on the major U.S....
MoreFrom FFA to DNA: Businesses view convention as more than a gathering of corn growers
January 16, 2006
Matthew KishDon't call it the Future Farmers of America. That went out of style with pastel suits and parachute pants. The organization
is now known as the FFA. And it's no longer just a gathering of crop jockeys. The change in moniker partly illustrates why
business leaders are so excited for the first of at least seven annual conventions the organization will stage in the Circle
City starting in late October. "FFA is a premier, if not the premier, youth organization...
MoreEducation, work force key hurdles to new economy:
January 2, 2006
Mark MilesHaving recently returned to Indiana after a 15-year absence, I see a region filled with both challenges and opportunities.
The Central Indiana Corporate Partnership, the organization I've returned to serve as president and CEO, is focused on long-term
economic prosperity for our region. To this end, our people are our most valuable resource. Unfortunately, central Indiana
faces a significant challenge in making our human capital match our goal of a knowledgebased, 21st-century economy. Indiana
ranks 46th in the educational attainment...
MoreIn the new year, building on the successes of 2005:
January 2, 2006
Bart PetersonThis past year was one of the most active and successful in our city's history. We pushed through legislation to fund an expansion
of the Indiana Convention Center and build a new multi-purpose stadium, both of which will be tremendous boons to our region's
economy, pumping in more than $2.25 billion in investment and creating more than 4,200 permanent jobs over the next 10 years.
In addition, through the leadership of the governor and legislature, a one-of-a-kind regional funding solution...
MoreVIEWPOINT: Indiana: The Cyber Crossroads of America?
December 26, 2005
Cameron CarterCan a state whose identity as the "Crossroads of America" in the 20th century maintain that distinction in the 21st century?
Can Indiana, with numerous railroads and highways passing through it, find a competitive advantage in a world that increasingly
bypasses rails and roads in favor of the virtual marketplace? Absolutely-if it is willing once again to serve as a central
hub for the thoroughfares so important to the virtual marketplace and purposefully sets out to build them. Not so...
MoreCHRIS KATTERJOHN Commentary: Setting an example for Sacramento
November 28, 2005
"To improve Sacramento, learn from Indianapolis" was the headline of a column in the Nov. 18 Sacramento Business Journal.
It's always nice to get a compliment and some good PR. Turns out a delegation of nearly a hundred Sacramentonians-or is it
Sacramentites?-were here in October on a three-day study mission to learn how to become a great city. It was the seventh year
in a row for them to make a learning visit to another community. Tom Stallard, head of...
MoreMixed bag for tech parks: Facing heavy competition for tenants, some developments thrive while others struggle
November 21, 2005
Tom MurphyThe stretch of land along Interstate 74 near Shelbyville lies mostly vacant, save for a couple of buildings and a network
of roads and other infrastructure snaking through the property. This barren look is not what Intelliplex Park organizers had
in mind more than two years ago, when their project became one of the first to receive the state's certified technology park
designation. "This is a lot harder than I thought it was going to be," said Tony Lennen, CEO...
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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.