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Company news

May 5, 2010

No can do. Indiana Gov. Mitch Daniels was one of 15 who told the federal government they don't want to help create a temporary high-risk insurance pool. The pools, which would end when the new federal health law creates insurance exchanges in 2014, would be funded with $5 billion. But Daniels, in a letter to the U.S. Department of Health and Human Services, said he fears that money will run out before 2014 and Indiana will have to pick up the bill. Daniels noted that Indiana already operates its own high-risk insurance pool, in which about 7,000 Hoosiers participate. "In the end this was not a close call for Indiana," Daniels wrote to the feds. "The risks Indiana is being asked to take are well beyond any range of acceptability." A report by the Web site Politico.com noted that most Republican governors, like Daniels, have told the feds to create the exchange on their own while most Democratic governors have said they would help.

Oops. Shares of Indianapolis-based WellPoint Inc. have tumbled 8.4 percent since math errors and other mistakes forced the company to withdraw its requested rate hake for individual policies in California. That’s the infamous 39-percent hike (25 percent on average) that President Obama seized on to reignite his push for health reform, which became law on March 23. California insurance regulators, after investigating WellPoint’s rate-hike application, said it was based on flawed data, according to the Associated Press. WellPoint withdrew the application and said it would try again, perhaps within a month. But investors didn’t wait. They launched a selloff that dumped WellPoint shares to their lowest level since November.

SonarMed, based in West Lafayette, will receive about $450,000 over two years from the National Institutes of Health to adapt its airway monitoring system to neonatal patients. SonarMed’s product uses acoustic technology to catch and prevent movement or obstruction of the tube, both of which can harm patients. Neonatal patients are especially vulnerable, according to SonarMed, because slight movements of the breathing tube in their small, short tracheas can lead to serious complications. The technology was developed at Purdue University and licensed to SonarMed by Purdue Research Foundation's Office of Technology Commercialization.

Researchers at Indiana University School of Medicine have identified a mechanism that causes inflammation in asthma, excema, and other allergic diseases, which could help drugmakers develop new medicines to control those conditions. In research reported in the June 2010 issue of the journal Nature Immunology, the IU research team found that a regulatory factor called PU.1 activates a newly discovered type of T-cell, which appears in higher concentrations in patients with allergic disease. “Effectively targeting PU.1 to prevent its activation could lead to improved treatments for patients who must deal with the inflammation caused by these allergic diseases,” said Mark H. Kaplan, professor of pediatrics and of microbiology and immunology at the IU School of Medicine in Indianapolis. Kaplan recently received a $1.9M grant from the National Institutes of Health to continue research on this factor.
 

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People

May 5, 2010

Linda Bratcher has been named director of the Indiana University School of Medicine Office of Graduate Medical Education, overseeing training of its more than 1,000 post-graduate medical trainees. Bratcher succeeds Nancy Baxter, who served as director for 26 years prior to her retirement at the end of January.

Alon Harris, a professor of ophthalmology and physiology, has been appointed director of clinical research for the Eugene and Marilyn Glick Eye Institute at the Indiana University School of Medicine.

Ernest Vargo II, a senior consultant at Greenwood-based fund-raising firm Johnson Grossnickle & Associates, will become president and CEO of Wishard Foundation in June. Vargo takes over for Jim Wood, who resigned last year. Vargo’s top priority will be guiding the foundation’s $50 million capital campaign for the construction of the  $754 million Wishard Hospital expected to be finished by 2014.

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Jeppe Hein

May 5, 2010

May 7-Sept. 5
Indianapolis Museum of Art

    Visitors to the IMA will be spending time sitting on the work of Jeppe Hein when his “Bench Around the Lake” debuts as part of the Virginia B. Fairbanks Art & Nature Park in June. Things will be more kinetic, though, when his “Distance” appears in the Forefront Gallery on Friday. The roller-coaster-like creation is activated by sensors that, with each visitor to the gallery, set a ball in motion over a 1,000-foot track that includes loops and twists. The track even goes through walls. Details here. For a sneak peek at the bench/sculpture, click here.
 

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"Spotlight"

May 5, 2010

May 10
Clowes Hall

    More than 15 performers and groups are featured for just $15 at this annual benefit for the Indiana AIDS Fund. More than a typical fund-raiser, though, the event is a celebration featuring some of the top arts companies in the city. The lineup this year includes Dance Kaleidoscope (revisiting its lovely “For Jose”), the Indianapolis Symphony Orchestra (Bach’s “Air on the G String”), and the Indiana Repertory Theatre’s Milicent Wright with a scene from “Pretty Fire.” Those who attend will also be treated to musical numbers from Actors Theatre of Indiana’s “Nunsense” and Indianapolis Children’s Theatre’s “Schoolhouse Rock Live!,” an original work created for the event by Kenyetta Dance Company. A newcomer to the event is The (Re)Collective Company with a piece for musicians and dancers. And there’s much more. For details, click here.
 

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"Pure Prine"

May 5, 2010

May 7-16
Phoenix Theatre

Anyone familiar with the music of singer-songwriter John Prine will be going into this celebratory performance with a long wish list of tunes. For me, that list includes the misfit romance “Donald and Lydia,” the whimsical “Fish and Whistle,” the get-you-through-the-tough times “Bruised Orange,” and, of course, “Spanish Pipedream,” with the uniquely Prine lyric, “For I knew that topless lady/had something up her sleeve.” This might even be a rare chance to hear his song “Kokomo” (no, not the Beach Boy one—this one is about a soldier longing for his Indiana home).
But the truth is, Prine has written more terrific songs than a single evening can handle. And with still-green memories of Tim Grimm and Bobbie Lancaster’s outstanding performances at Hoosier Dylan, I’m looking forward to settling into Prine’s world for a few hours, even though he won’t be there. Tim Brickley (doubling as music director), Jenni Gregory, Jan Lucas and Michael Shelton round out the company.  Details here.
 

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"Night of Vonnegut""

May 5, 2010

May 8
Athenaeum

    Speaking of Tim Brickley (see above), he’ll also be leading the jazz band at this event, a fund-raiser for the Kurt Vonnegut Memorial Library Foundation. The event includes a Vonnegut look-alike contest, dramatic readings, a “My Friend Kurt” panel discussion, a silent auction of a piece of Vonnegut art, a live game show, and more. Details here.
 

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Also this week

May 5, 2010

Pearl Jam, May 7 at Verizon Wireless Music Center. Details here.

Bryan Adams, May 12 at Murat Egyptian Room. Details here.

“Always Patsy Cline,” May 6 to June 6 at Beef & Boards Dinner Theatre. Details here.

Works by local women playwrights are staged at Divafest, May 7-9 at the IndyFringe Building. Details here.

Indianapolis Symphony Orchestra and Time for Three, May 6 at Hilbert Circle Theatre. Details here.

Violinist Lara St. John joins the Indianapolis Chamber Orchestra for a program including Vivaldi’s “The Four Seasons,” May 8 at the Indiana History Center’s Basile Theatre. Details here.
 

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Correction

May 4, 2010
The landlord was misidentified in three Keystone Crossing leases reported last week. The landlord, represented by John R. Robinson and Abby L. Cooper of Jones Lang LaSalle, is BPG Properties Ltd.
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Leasing/leasing contracts

May 4, 2010
-K&G Menswear leased 39,963 square feet at Castleton Crossing, 5410 E 82nd St. The tenant was represented by Mark Perlstein of Sitehawk Retail Real Estate. The landlord, American National Insurance Co., was represented by Bill French of Cassidy Turley.

-Advanced Control Technologies Inc. subleased 11,820 square feet at Hillsdale TechneCenter, Building 3, 6805 Hillsdale Court. The subtenant was represented by Aasif Bade of Ambrose Property Group. The sublandlord, Reliable Water Services LLC, was represented by Don Ballard and Stan Elser of Grubb & Ellis Harding Dahm & Co.

-is.group leased 7,677 square feet at Parkwood One, 250 E. 96th St. The tenant was represented by Jon Jessup and Jeff Merritt of Summit Realty Group. The landlord, Duke Realty, represented itself.

-Shoe Trend leased 6,000 square feet at Keystone Plaza, 2335 E. 53rd St. The landlord, Keystone Plaza Associates, was represented by Larry Davis and Scott Gray of Sitehawk Retail Real Estate. The tenant represented itself.

-Center for Diagnostic Imaging/CDI Radiology leased 4,283 square feet of medical office space at Gables of Avon, 9819 E. US 36, Avon. The tenant was represented by Tim Norton of Summit Realty Group. The landlord, Gables of Avon LLC, represented itself.

-Who North America Inc. leased 4,000 square feet at 2040 S. Lynhurst Drive.  The tenant was represented by Ryan Kelly of Summit Realty Group. The landlord, ProLogis, was represented by Chris Black of CB Richard Ellis.
 
-Kforce leased 3,743 square feet at Pan Am Plaza, 201 S. Capitol Ave., Suite 1200. The tenant was represented by Katie Gray and Bill Ehret of Summit Realty Group.  The landlord, Coastal Partners, represented itself.
 
-First American Title Insurance leased 2,376 square feet of office space at 20 Executive Drive, Carmel. The tenant was represented by Matt Waggoner of Summit Realty Group. The landlord, Century 21, represented itself.

-American Family Dental Group-Bloomington LLC leased 2,296 square feet at 10435 Commerce Drive, Carmel. The tenant was represented by Darrin L. Boyd and David A. Moore of Cassidy Turley.  The landlord, West Carmel I LLC, was represented by Matt Moore of Resource Commercial Real Estate Services.

-20/20 Eye Physicians leased 2,095 square feet of medical office space at the Clarian Health Center at 4880 Century Plaza. The tenant was represented by Tim Norton of Summit Realty Group. The landlord, Clarian Health Partners Inc., was represented by Tim Craft of CB Richard Ellis.
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Housing

May 4, 2010
On a seasonally adjusted basis, the pace of mortgage loan activity fell 2.9 percent for the week ended April 23, according to the Mortgage Bankers Association. The rate for 30-year mortgages increased to 5.08 percent from 5.04 percent the previous week.  The rate for 15-year mortgages increased to 4.38 percent from 4.34 percent.
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Construction

May 4, 2010
-Kort Builders has finished a 4,000-square-foot retail space for Ossip Optometry at 6375 S. Emerson Ave.

-Kort Builders has finished a 5,000-square-foot retail space for Reis Nichols at 789 U.S. 31 North, Greenwood.
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Q&A

April 28, 2010
J.K. Wall
Dr. Stanley Adkins is chief medical officer of Indianapolis-based AmeriVeriCR, a startup that uses software to review medical claims for errors. With health care reform and a new, larger set of diagnosis codes phasing in over the next few years, AmeriVeri is betting that demand for its service will increase.
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Chao exit hurts drug development industry

April 28, 2010
J.K. Wall
Purdue University’s decision to close the Chao Center in West Lafayette is a setback for Indiana’s effort to grow a vibrant contract drug manufacturing sector. But it’s just the latest in a series of unexpected changes—not all for the worse—since Indianapolis-based BioCrossroads launched a contract drug manufacturing initiative in late 2007.
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People

April 28, 2010
Chad Priest, a registered nurse and attorney, has been appointed CEO of Managed Emergency Surge for Healthcare Inc., which aims to expand the capacity for central Indiana to provide medical and surgical care in the event of a disaster. Priest has been practicing health law at the Baker & Daniels law firm in Indianapolis. He also is an adjunct instructor at the Indiana University School of Nursing.

Dr. Eileen Thomason, Dr. Jason Reiser, Dr. Richard Rejer, and Dr. Brian Miles—all part of Southeast Family Medicine—have joined the St. Francis Medical Group, which has grown to more than 120 doctors.

Marie Swanson, IUPUI’s associate vice chancellor for public health, has been appointed to an advisory panel to the U.S. Centers for Disease Control and Prevention, focused on toxic substances.

Alliance Home Health Care, a skilled provider of senior home health care, announced that Deborah Rood, a registered nurse, has joined the company as its clinical director.

Indianapolis-based Harlan Laboratories Inc. has named Hans Thunem its new CEO. Thunem was previously president of research models and services at Harlan, a contract research organization that focuses on animal testing. Harlan’s previous CEO was Steve Sullivan, who joined Harlan from Covance Inc. in 2006. Sullivan stepped down in December.

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Reform to accelerate health care costs

April 28, 2010
J.K. Wall
Medicare actuary Richard Foster estimated the new law would raise overall health care spending by an additional $311 million over current law—more than when he first examined the legislation in December.
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"Pasticco"

April 28, 2010

April 30
Basile Opera Center

Think of it as operatic cabaret. Proving that it does more than just stage full-scale, big-ticket productions, the Indianapolis Opera’s new series offers a chance to get up close and intimate with the music—for a mere $15 ticket. The performance features up-and-coming members of the Indianapolis Opera Ensemble supplemented by other pros who have worked with the company. Music for the casual evening includes works by Mozart, Rossini and Verdi. Details here.
 

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"Legally Blonde: The Musical"

April 28, 2010

May 4-9
Clowes Hall

The producers of “Legally Blonde: The Musical” took a huge chance when, during the show’s Broadway run, they chose to air the entire shot-from-the-stage show on MTV. I’m not sure what effect that had on the rest of the musically inclined (or the new audience it hoped to tap), but the TV presentation actually convinced me that what might have been just another movie-to-stage cash-in actually had some merit.

Staying close to the hit Reese Witherspoon film, the show (which I’ve yet to see live), for the most part knows which moments to musicalize and when to play the sincerity card. Highlight for me: a loopy, surprisingly sweet, laugh-out-loud song called “Ireland” for hairdresser/confidant Paulette and “Chip on Your Shoulder,” a good tune for nice guy Emmett. And an added plus: Michael Rupert, from the original cast of the show (and from the original cast of "Falsettos" and "The Happy Time" is still with the show.

I’ll be hosting a talk back with cast members after the Wednesday evening performance. Stick around. Details here.

 

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"Chew on This"

April 28, 2010

May 4
Various locations

Want to upgrade the quality of your dining conversations? Fifteen locally owned restaurants and community locations will be hosting chats on Tuesday based on Richard Longworth’s book “Caught in the Middle: America’s Heartland in the Age of Globalism.” This isn’t a mass book club meeting, however. In fact, there’s no need to have read the book. Just bring an appetite and a desire to discuss Indiana foods.

There’s a different price per restaurant, ranging from $50 a person at R Bistro, Recess and Rick’s Café Boatyard to free pitch-ins at the University of Indianapolis, St. Luke’s United Methodist Church, the Indiana Humanities Council and other spots. Details here.
 

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"Scheherazade"

April 28, 2010

April 29-May 1
Hilbert Circle Theatre

The name-recognition draw for this Indianapolis Symphony Orchestra concert is Rimsky-Korsakov’s musical take on the story of the princess who tries to thwart her murderous husband through storytelling. But there’s also an interesting undercard, which includes “Mariel,” by Osvaldo Golijov.

The Argentinean composer has had a busy last few years, including the score for Francis Coppola’s films “Youth Without Youth” and “Tetro,” a new opera for the Met, a song cycle for classical stars Emanuel Ax and Dawn Upshaw, a cello concerto for Yo-Yo Ma, and a sold-out Lincoln Center festival of his music. Says the composer about “Mariel,” which premiered at Carnegie Hall in 2008: “I attempted to capture that short instant before grief, in which one learns of the sudden death of a friend who was full of life.” Details here.
 

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Leasing/leasing contracts

April 27, 2010
-Chemque Inc. renewed its lease for 19,200 square feet at 6101 Guion Road. The tenant was represented by Rick Suja of Summit Realty Group. The landlord, Grand Prix Properties, was represented by Chip Barnes of NAI Olympia Partners.

-Benefit Associates leased 9,355 square feet at 9000 Keystone Crossing. The tenant was represented by Brian Askins of UGL-Equis. The landlord, Philadelphia-based BGP Properties Ltd., was represented by John R. Robinson and Abby L. Cooper of Jones Lang LaSalle.

-RBC leased 7,956 square feet at 8888 Keystone Crossing. The tenant was represented by John Vandenbark of CB Richard Ellis. The landlord, Philadelphia-based BGP Properties Ltd., was represented by John R. Robinson and Abby L. Cooper of Jones Lang LaSalle.

-Thompson Pump Midwest leased 5,765 square feet at 8775 Zionsville Road. The tenant was represented by Steve Schaub of Summit Realty Group. The landlord, Kentucky Avenue Land Company, was represented by John Demaree of Summit.

-APEX Benefits Group leased 4,713 square feet at 8500 Keystone Crossing. The tenant was represented by Dan Richardson of CB Richard Ellis. The landlord, Philadelphia-based BGP Properties Ltd., was represented by John R. Robinson and Abby L. Cooper of Jones Lang LaSalle.

-Employment Plus leased 3,200 square feet of office space at Two Metroplex, 8383 Craig St. The tenant was represented by Matt Kiger of Halakar Commercial Real Estate. The landlord, Two Metro LLC, was represented by Ted McClure of McClure Real Estate.

-Pulse Creative Partners Inc. leased 2,033 square feet of office space at 427 S. College Ave. The landlord, Deylen Realty Inc., was represented by Sandra Jarvis of IndySQUARED. The tenant represented itself.
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Construction

April 27, 2010
-S&B Construction has been hired to build the 3,000-square-foot Coatesville Community Center in Coatesville.

-S&B Construction has been hired to do a 6,000-square-foot tenant build out for Advance Auto Parts in Avon.
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People

April 21, 2010

Ann M. Peraud has joined the health and life sciences practice group at the local law firm of Baker & Daniels LLP. Peraud earned a master's degree in health administration from the University of Iowa in 2009 after graduating from the University of Iowa College of Law and the University of Notre Dame with a bachelor of arts degree.

BioCrossroads, an Indiana life sciences advocacy organization, named four new people to its board of directors: Richard P. Jones II, general manager at Medco Health Solutions in Whitestown; Jan Lundberg, president of Lilly Research Laboratories in Indianapolis; Jon C. Serbousek, president of Biomet Orthopedics in Warsaw; and Deborah L. Tanner, president of Central Laboratory of Covance Inc. in Indianapolis.

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Company news

April 21, 2010

Facing the tighter restrictions of health reform at home, WellPoint Inc. wants to follow just about every other U.S. company in seeking growth in China. WellPoint CEO Angela Braly traveled to China last week to seek out a joint venture partner to offer health insurance to the nation’s upwardly mobile population. "If everything moves on smoothly, we are targeting 2011 for offering health insurance services through the venture,” Braly told the China Daily newspaper. Indianapolis-based WellPoint already has a joint venture with three other American health insuers to provide medical management consulting to Chinese insurance companies. But with China going through its own version of health reform, private health insurance is poised to become a popular complement to government insurance programs, according to China Daily. China's health insurance premiums totaled $1.6 billion in the first two months of this year, according to the industry regulator, up 34 percent from the same period last year. Such growth is enticing to WellPoint, which has been losing customers and premiums at home.

Whew! Bioanalytical Systems Inc. gets to stay on the NASDAQ Capital Market after a recent surge kept its share price above $1 for three straight weeks. NASDAQ had threatened in March to delist the West Lafayette-based company if its stock price didn’t improve. The company’s shares closed at $1 apiece on March 31 and haven’t dipped below that level since. Bioanlytical provides contract research services and monitoring instruments to drug-development companies and medical research organizations.

After months of rumors, Roche Diagnostics finally acquired Israel-based Medingo Ltd., which has a semi-disposable insulin patch pump that Roche hopes to couple with its blood glucose meters. Roche, which is based in Switzerland but runs its North American business out of Indianapolis, paid $160 million for Medingo and promised various payments if the company’s product achieves key milestones in its development and sales. The product is set to launch in 2012. Roche holds the largest market share worldwide in devices for diabetes care, but it has been losing ground to competitors in the U.S. market.

Warsaw-based Biomet Inc. posted a $3.1 million loss in its quarter ended Feb. 28, a big improvement from its $479 million loss in the same quarter a year earlier. Last year’s results were dampened by a $449 million impairment charge that Biomet recorded on its dental business. But this year, the loss narrowed as sales surged 9 percent to $670 million in the quarter, driven by a 17-percent spike in sales of knee implants. Cash flow rose 9 percent to $251 million, up from $229 million in the same quarter a year earlier. Biomet’s financial results often are a bellwether for other orthopedic implant companies, which report their quarterly results later this month.

Carmel-based technology firm Gemms Inc. plans to invest $2.1 million to expand its headquarters and software development operations here, more than doubling its staff in the next five years, according to the Indiana Economic Development Corp. Gemms, which develops electronic medical record systems for cardiology practices, has 40 employees now and plans to add 69 more by 2015.

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Drug prices rise ahead of rebates

April 21, 2010
J.K. Wall
Drug prices rose faster last year than they have in a decade—just in time for big rebates the drug industry promised as part of the health reform law.
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"A Celebration of the Life and Legacy of Ryan White"

April 21, 2010

April 28
Clowes Hall

 The Children’s Museum of Indianapolis and the Elton John AIDS Foundation present this special event honoring Ryan White, whose battle with HIV/AIDS helped change perception of the disease. The evening includes a performance by Elton John—who connected with White after the student was asked to name his favorite celebrity—and appearances by Phil Donahue; actress Judith Light; and White’s mother, Jeanne White-Gardner. Details here.
 

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