Life Science & Biotech

Dow AgroSciences wants food industry to hunger for healthier deep-fryer oilRestricted Content

August 7, 2006
Tammy Lieber
Dow AgroSciences LLC has brought on a team of people to push Natreon vegetable oil to purveyors of French fries and other deep-fried foods in the quest to eliminate much of the trans fat that now clogs arteries around the country.
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Moving lessons from classrooms to boardrooms: MBA students get firsthand experience with startupsRestricted Content

July 31, 2006
Victoria D.
No matter how many bold and italicized words scholars cram into textbooks, nothing compares to students rolling up their sleeves and testing a theory themselves. For years, Indiana University's Kelley School of Business has offered its Bloomington MBA candidates real-world experience through so-called "academies" focused on specific industries. Now Kelley Indianapolis' evening MBA program is set to launch a scaled-back version for its students. This fall, it will offer three such "enterprise" programs, including one with an entrepreneurial emphasis. The...
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VIEWPOINT: Indiana ripe for new breed of auto industryRestricted Content

July 31, 2006
Robert A.
Landing the Honda plant is a great coup for Indiana. Gov. Mitch Daniels deserves congratulations. Not only will Honda employ an estimated 2,000 Hoosiers, it appears the governor secured the facility at a bargain price for Indiana's taxpayers. While the plant brings much-needed employment, future wealth created from Honda's production accrues to its primarily Japanese shareholders. This is only fair, as Japanese automakers have innovated, invested and expanded over the past 30 years. They have earned their success and deserve...
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Ethanol backer harvesting investors: Cardinal, others see biofuel potential, while skeptics see risk 982 1372 1071 1392IBJ's Life Sciences & Biotech Magazine looks at the future of biofuel production in Indiana. SECTIONBRestricted Content

July 31, 2006
Chris O\'malley
IBJ's Life Sciences & Biotech Magazine looks at the future of biofuel production in Indiana. SECTIONBDuring one day this month, Randolph County farmer Troy Prescott drove hundreds of miles to visit three western Ohio towns-gladhanding potential backers gathered at a VFW hall, an armory and a restaurant. And just a few days ago, in Fishers, he spelled out his vision to more than 50 people, some wearing suspenders and down-on-the-farm twangs. Prescott isn't running for Congress, but his 25-city road...
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New fiscal year, no cuts for IU School of Medicine: But concern remains about funds for future growthRestricted Content

July 24, 2006
Tom Murphy
No layoffs. No seven-figure budget cut to sweat through. IU School of Medicine Dean Dr. Craig Brater had many reasons to raise a toast this month, when a new fiscal year began and the school left behind an old one marked by the worst budget cuts in decades. Indeed, Brater said he is breathing a little easier as the school starts fiscal 2006-2007 with a budget of more than $815 million. An increase in clinical revenue and grant money helped...
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Dow AgroSciences seeks better vaccine: Plant-based preventive measure loaded with potentialRestricted Content

July 17, 2006
Tom Murphy
Imagine a vaccine that kills salmonella bacteria in chickens long before they reach the food-processing center, possibly reducing the chance of a food-borne illness landing on your dinner plate. That's one of the possibilities researchers are thinking about on the northwest side of Indianapolis, where Dow AgroSciences has become a pioneer in the new frontier of plant-based vaccines. Earlier this year, the subsidiary of Dow Chemical Co. received the world's first regulatory approval for a plant-made vaccine from the U.S....
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Firm may hold key to earlier detection: Startup lands grants for breast cancer biomarkerRestricted Content

July 17, 2006
Scott Olson
Linda Malkas' arrival at the Indiana University School of Medicine four years ago is beginning to look like a coup for the city's life sciences initiative. Armed with promising cancer research, Malkas helped found CS-Keys Inc., which last month received a $285,000 infusion from BioCrossroads' Indiana Seed Fund and is poised to net a similar investment July 17 from Triathlon Medical Ventures in Cincinnati. The additional capital is critical to the startup's continuing development of a biomarker that detects breast...
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Animated startup foresees big growth in life sciences: Company produces 3-D graphics with young talentRestricted Content

July 10, 2006
Scott Olson
Harlon Wilson and Kurtis Rush originally intended their Indianapolis-based upstart business to provide 3-D animation for use in court cases. But if they had stuck to that business plan, Medical Animatics Inc. could not have produced the video to the hilarious "Urine Stream," a song parody of Abba's "Dancing Queen." Here's a sample of the chorus: So when you get the chance, undo your pants ... And make a urine stream, gold and clean, oh it's such a dream. Urine...
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BRIAN WILLIAMS Commentary:Restricted Content

July 10, 2006
On June 1, Gov. Mitch Daniels and officials from the Indiana Public Employees Retirement Fund announced the Indiana Investment Fund, a $100 million investment vehicle. The fund will invest in early-stage startups and loans to mature firms. It will invest in Indiana-What's wrong with local investment pros? based agriculture, manufacturing, information technology, transportation and life sciences companies. Credit Suisse was selected to manage this new fund. As a global investment bank, Credit Suisse certainly has skilled bankers who can evaluate...
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TOM HARTON Commentary: Don't fear the young; e-mail themRestricted Content

June 19, 2006
You don't always see it or hear it, but it's there. The quiet panic that sets in after a theater company or a newspaper or any organization realizes it must begin appealing to a new breed of consumer if it wants to survive. Young consumers of news want it in bite-size portions delivered to their desktops. Young church-goers want dynamic worship services and activities to match, not tradition-bound church groups that require elections, officers, meetings and minutes. And young patrons...
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NOTIONS: In search of happiness? You've got to make a friendRestricted Content

June 19, 2006
Bruce Hetrick
My brother Bryan called the other day. He asked if I'd like to join him at the Music Mill to see an up-ancoming singer-songwriter he'd heard about. He said the critics have compared her rock-funksoul sound to the likes of Bonnie Raitt, Tina Turner and Janis Joplin. Pretty high praise. So last Tuesday we 40-something guys and a few hundred other people went to hear 22-year-old Grace Potter and the Nocturnals. Before Grace took the stage, we sat in the...
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Credit Suisse applies Indiana private-equity-investment model in other states:Restricted Content

June 12, 2006
-Peter Schnitzler
New York-based investment bank Credit Suisse is building quite a book of private-equity business in Indiana. Credit Suisse has been chosen to manage the Indiana Public Employees' Retirement Fund's new $105 million Indiana Investment Fund. It also directs the $73 million Indiana Future Fund, which was launched by BioCrossroads, a local organization dedicated to developing the state's life sciences industry. Indiana's not the only place Credit Suisse is applying its expertise. Last fall, Ohio formed the Ohio-Midwest Fund, a regionally...
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BRIAN WILLIAMS Commentary: Program opens eyes to community needsRestricted Content

June 12, 2006
In 1973, an automobile accident inspired a mother to create a dynamic memorial to the accomplishments of her son and for the benefit of the community in which he lived. For 30 years, the Stanley K. Lacy Executive Leadership Series has offered a unique perspective to 25 individuals on the issues confronting our city and region. Guided by a moderator through tours, seminars, reading and interaction with experts, the participants debate education, government, health and human services, the justice system,...
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Health network leaders pursue big dreams: Advocates: Statewide system for transmitting patient records would improve careRestricted Content

June 12, 2006
Tom Murphy
Technology experts, doctors and politicians this week will discuss the possibility of interconnecting the handful of computer networks in Indiana that allow doctors to exchange patient information. They say a network reaching every corner of the state could save money, boost care and reduce medical errors while keeping Indiana at the front of the national pack for this technology. However, none of the health-information network leaders who will convene for a summit this week in Indianapolis expects the network to...
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Geographic restrictions could backfire for PERF: $105 million fund carries lots of potential, risksRestricted Content

June 12, 2006
Peter Schnitzler
By restricting the new $105 million Indiana Investment Fund I to deals within state lines, Gov. Mitch Daniels hopes to simultaneously spur economic development and earn a spectacular return for Indiana's retired public employees. But venture-capital experts warn it's nearly impossible to have it both ways. "You need to be very, very clear what your objectives are when you invest [pension] money. Is it for economic development or to help the pensioners earn better pensions?" said John Taylor, vice president...
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Proposed resource center targets science, tech, math: BioCrossroads wants to help build strong foundation Pulling things togetherRestricted Content

June 5, 2006
Tracy Donhardt
Only 64 percent of Indiana's fifthgraders passed the latest ISTEP+ test in science. A little better-76 percent-passed the math component. Unfortunately, as children advance in grades, their ISTEP+ math scores worsen. By eighth grade, only 64 percent passed the math portion of the test. Yet, economic development officials in Indiana-and much of the country-want young students to choose to study in college areas of advanced manufacturing, life sciences, informatics, agribusiness and an array of disciplines that require a strong foundation...
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DANIELS' DEAL CLOSERS: IEDC generating jobs, but economy shares part of creditRestricted Content

June 5, 2006
Peter Schnitzler
It would have been big. Just last month, a team of officials from the Indiana Economic Development Corp. and The Indy Partnership, its local equivalent, were furiously negotiating with South Carolinabased fire-engine maker American LaFrance. Intrigued by a mix of economic incentives and Indiana's central location, American LaFrance considered moving its operations to Marion County. In formal negotiations, the company dangled promises of 653 jobs and a capital investment of $18.5 million. State records don't reveal what incentives Indiana offered...
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VIEWPOINT: To be a logistics leader, state needs a planRestricted Content

May 29, 2006
Bob Palmer
Indiana is poised to become the country's logistics center. Recently, there has been a lot of discussion on that topic. Now is the time for business, government and education to come together and make it happen. SupplyNet 2006-the recent statewide conference that brought together not only transportation, distribution and logistics industries, but also representatives from manufacturing, retail, information technology, government and academia-detailed the broader picture of supplychain management. As a cutting-edge business strategy, supply-chain management integrates internal and external logistics...
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Mira banquet honors excellence in Hoosier high tech: TechPoint awards often precede market successRestricted Content

May 22, 2006
Peter Schnitzler
TechPoint's Mira Awards, which were to be handed out May 19, celebrate excellence in Hoosier innovation. The annual awards banquet also serves as a pretty good bellwether of who's poised for a big payday. For example, TechPoint honored Indianapolis-based medical device-maker Suros Surgical Systems Inc. with a Mira award three years before Massachusettsbased Hologic Inc. acquired Suros for $240 million in April. In 2003, TechPoint also recognized Carmel-based banking software-maker Baker-Hill. California-based Experian bought Baker-Hill last August for an undisclosed...
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Daniels seeks to copy key-clusters strategy: Industry initiatives would mimic BioCrossroads planRestricted Content

May 15, 2006
Peter Schnitzler
If imitation is the sincerest form of flattery, BioCrossroads has been vindicated. Gov. Mitch Daniels hopes to see a series of similar industry initiatives sprout around key clusters in Indiana's economy. He envisions parallel initiatives for manufacturing, transportation and logistics and a series of other crucial business sectors. "We'd love some company," said BioCrossroads CEO David Johnson. As outlined in Daniels' "Accelerating Growth" economic development plan released last month, the initiatives would be based on proven Indiana strengths and identifiable...
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Former Lilly exec to head CoLucid: White leaves Boston firm to return to IndianaRestricted Content

May 8, 2006
Peter Schnitzler
CoLucid Pharmaceuticals Inc., a drug development company Eli Lilly and Co. spun out last year, has attracted Jim White as its first CEO. White was a longtime Lilly executive before spending the past five years in Boston helping grow Hypnion Inc., another pharmaceutical startup that so far has attracted $80 million from venture capitalists. "We have a lot of great talent in the state that leaves because we haven't had the kind of jobs to retain those folks," White said....
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New funds target life sciences: MidPoint concentrates on agricultural technology; Heron aims at broader marketRestricted Content

May 1, 2006
Peter Schnitzler
Two new locally based venture capital funds believe Indiana is ripe with opportunity for biotech deals. With $20 million under management, Heron Capital LLC is broadly focused on the whole Hoosier life sciences market. Attempting to raise $30 million, the Mid-Point Food & Ag Fund LP has a narrower concentration: high-technology related to farming and nutrition. "We're very excited about our prospects," said Heron Managing Director Greg Maurer. "We have a number of deals in the hopper, some of which...
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BioCrossroads seeks help teaching math and science: Education center to bolster students' careersRestricted Content

May 1, 2006
Indiana life sciences initiative BioCrossroads wants to improve the science and math skills of Indiana's elementary and high school students. To figure out how, it's asking the public for ideas. BioCrossroads released a "request for interest in participation" in the creation of a new K-12 Indiana Science, Technology, Engineering and Math Education Resource Center. Patterned after the North Carolina Science, Mathematics and Technology Education Center, BioCrossroads' STEM is meant to be a Web-based, largely virtual organization. It would coordinate math...
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IEDC hopes to establish regional venture capital funds: Counties may balk at spending tax money elsewhereRestricted Content

May 1, 2006
Peter Schnitzler
It is the kind of business stimulus program that few oppose on paper, but to get the idea off the drawing board, IEDC must convince counties to relinquish their parochialism and ingrained spending habits. That's likely to be tricky. "One of the things we're trying hard to do as a state is to break down county borders where you have infighting, wasted resources and missed opportunities," said IEDC Executive Vice President and General Counsel Nathan Feltman. "We want to make...
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At age 2, Future Fund still work in progress: So far, 7 startups have received investments from BioCrossroadsRestricted Content

May 1, 2006
Peter Schnitzler
For two years now, the $73 million Indiana Future Fund has been at work in the Indiana life sciences market. BioCrossroads, Indiana's public-private life sciences economic development initiative, is pleased with the results so far. "When we put the Indiana Future Fund together and surveyed the landscape, there were only two or three [local venture capital] firms that really identified themselves as in [the life sciences] area," said BioCrossroads President David Johnson. "Now we see much more traffic than we...
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  1. Choice between a democrat and a question mark? Take the question mark. We have all seen what the democrats will do.

  2. Its easy to blame workers. What about the Management of the Mill. Its not smart in business to not have a back up plan. Workers are afforded sick days in most cases. Union or not. Whether drunk partying, or a real sickness. Why would you as a businessman/woman not have a rotation of workers incase this happens. This is not an exclusive union protection. If the company can prove bad intentions on the part of any union employee. They can take action. Most CBA's have a 3 strike policy. Just like most Non-union company policies. You should read a CBA sometime. There are protections for companies too. Unions understand that businesses need to make money. If they don't, the union's member won't have a place to work.

  3. My kids play hockey on the North side and we have been very happy with the youth program. More Ice would create more opportunity for kids to pay this great sport. With 3 rinks that would also create more figure skating opportunities. What better gift to give your kids than a sport they will love!

  4. Naah, only Indy place fans were robbed of seeing Zanardi race. CART fans saw his amazing talents just about every weekend. And F1 fans saw him too. Zanardi didn't care he wasn't at Indy, neither do 99.18% of other race fans world wide. And CART fans are quite pleased of the domination of their drivers and owners have had at Indy, in the IRL, and in the current Indycar series....almost 99.18% of the time since 2000 Indy 500. I respect Zanardi, but his life goes on without Indy. Sucks to be you Capt.

  5. So let me get this right: gun permits online are fraud proof, but voting is as easy as 1-2-3.--But at least we agree that someone without a photo ID cannot be trusted with a gun.

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