Life Science & Biotech

Sale may extricate Harlan Labs from its debt problems

November 2, 2013
Greg Andrews
San Francisco-based Genstar Capital is exploring selling the 2,600-employee company in the wake of failing early this year to renegotiate the company’s massive debt load.
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DowAgrosciences cultivates sales record, but profit withers

October 24, 2013
 IBJ Staff and Associated Press
Despite a boost in third-quarter revenue due to crop-protection products, profit for the local unit of Dow Chemical tumbled more than 71 percent.
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State medical institute snares $30M grant from feds

October 23, 2013
 IBJ Staff
A consortium of Indiana University, Purdue University and University of Notre Dame can operate for another five years with the grant funds.
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Analysts: Investors wrong to dump Endocyte

October 14, 2013
J.K. Wall
Investors on Friday dumped shares of West Lafayette-based Endocyte Inc. after an independent analysis said an experimental lung cancer drug is unlikely to be declared superior to existing chemotherapy. But two analysts say, to the contrary, the analysis shows the prospects for Endocyte’s drug are as good as ever.
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Lilly scientists stole $55 million in trade secrets, indictment alleges

October 8, 2013
J.K. Wall
Three former employees of Eli Lilly and Co. allegedly transferred trade secrets that Lilly values at more than $55 million to a competing Chinese drug company, according to an indictment unsealed Tuesday in federal court.
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Dow Agro wins latest patent case involving Enlist product

October 8, 2013
 IBJ Staff
The suit, filed in January 2012 by South African-based Bayer CropScience SA, charged that Dow Agro’s Enlist E3 soybean seed infringed one of its patents.
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Technology on track to dramatically change health care

October 5, 2013
J.K. Wall
Cost pressures are forcing health care providers to extend the reach of limited resources.
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Pence pleads for end to medical device tax

October 1, 2013
 The Statehouse File
Republican Gov. Mike Pence wrote a letter Monday urging members of the U.S. Senate to vote to repeal the medical device tax that is helping to finance Obamacare. But the Senate on Monday night voted not to repeal the tax, with all 54 Democrats voting to keep it.
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Auction lands $2.1 million for Elona Biotech assets

September 27, 2013
 IBJ Staff
Elona went into receivership in June after Greenwood officials filed a foreclosure lawsuit against the firm. The company failed after receiving more than $8 million in economic development incentives from the city over the past three years.
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Device prices plunge as hospitals pay less to fix hearts, hips

September 23, 2013
Bloomberg News
Prices paid in the United States for medical devices, including those made by Indiana-based manufacturers, have plunged as much as one-third since 2007 as hospitals clamped down on spending.
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After years of success, Harlan Laboratories caught in debt viseRestricted Content

September 7, 2013
Greg Andrews
The company may violate loan covenants in the next three to six months, and its ability to refinance a $280 million loan that matures in July 2014 is “highly questionable,” Moody’s says.
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Greenwood biotech firm's assets to hit auction block

September 3, 2013
 IBJ Staff
The remnants of ill-fated Elona Biotechnologies Inc. will be auctioned on Sept. 27, presenting a rare turnkey opportunity for entrepreneurs interested in jumping into the life sciences industry.
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Board suggested busy Evans let go of AIT

August 5, 2013
J.K. Wall
Michael Evans was juggling two companies and two newborn twins when his board of directors suggested it was time for a new CEO of AIT Laboratories. He was replaced by venture capitalist Matt Neff on Monday.
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Life sciences venture capital dips againRestricted Content

August 3, 2013
J.K. Wall
Venture capital surged in the first half of 2012, to $51.6 million in Indiana. But the pace of activity here fell off sharply in the second half of last year, and remained sluggish into 2013.
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Zimmer earnings fall on legal reserve costs

July 25, 2013
Associated Press
Zimmer Holdings saw second-quarter earnings slump 29 percent as the orthopedic device maker set aside an additional $47 million to cover the cost of lawsuits related to its Durom hip cups.
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Dow AgroSciences posts record second-quarter sales

July 25, 2013
 IBJ Staff and Associated Press
The Indianapolis-based maker of agricultural products, a unit of Michigan-based Dow Chemical Co., said revenue increased 10 percent from the year-ago period.
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Universities' patents often lack commercial applicationsRestricted Content

July 6, 2013
Dan Human
The state's universities crank out patents that find their way to pharmaceutical, prosthetics and surgery technology companies. But they also generate reams of patents in areas with few industrial applications.
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Cook Group looking forward to next 50 years

July 2, 2013
Associated Press
For leaders of a company looking back on 50 years of existence, Cook Group President Kem Hawkins and Chairman Steve Ferguson spend a lot of time talking about the future.
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Lilly Endowment to give $10M to start biosciences institute

June 27, 2013
J.K. Wall
The institute aims to attract 100 new scientists to Indiana to conduct research and development work aimed at launching new therapies for metabolic diseases.
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Most of Indiana's largest public companies enjoyed strong 2012Restricted Content

June 15, 2013
Angie's List turned a profit for the first time in nearly two decades.
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Lilly halts trial of experimental Alzheimers drug

June 14, 2013
The trial ended after participants showed abnormal liver biochemistry, the Indianapolis-based drugmaker said Thursday in a statement.
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Bio-Response expanding in Hendricks County

June 10, 2013
 IBJ Staff
Wastewater equipment maker is moving to a Danville business park to build a $1.1 million facility.
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New institute aims to attract 100 research scientists to Indiana

May 30, 2013
J.K. Wall
The $360 million initiative will be formally launched on Thursday by Gov. Mike Pence, executives of five major life sciences companies and officials of the state’s research universities.
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Mobile health apps could cut into state companies' market share

May 18, 2013
J.K. Wall
The future of Indiana’s sprawling health care and life sciences industry might be threatened by an unlikely source: smartphone apps.
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PINCUS: State needs better life sciences startup ecosystem

May 18, 2013
Jack Pincus / Special to IBJ
Indiana’s life sciences sector is mostly composed of legacy companies.
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