Life Science & Biotech

There's more to logistics than forklifts and sweat: Colleges offer degrees for white-collar jobs in the fieldRestricted Content

October 31, 2005
Chris O\'malley
It's not sexy, but it's where the jobs are. Ivy Tech Community College will offer an associate's degree in logistics management, the latest effort in Indiana aimed at cultivating a work force for the transportation-distribution-logistics sector, known as TDL. Meanwhile, the University of Indianapolis is preparing a concentration in supply chain management that will have key applications in logistics careers. Experts say the educational push is sorely needed, yet it's still a challenge to get young people interested in the...
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Emerging Tech, Johnson centers team up: Partnership links incubator's startups with entrepreneurship studentsRestricted Content

October 24, 2005
Scott Olson
Now as executive director of Indiana University's Johnson Center for Entrepreneurship & Innovation, he has high hopes for his latest effort to introduce students to the real world of business. The Johnson Center, based in Bloomington, opened an office earlier this month at the Indiana University Emerging Technologies Center in downtown Indianapolis. The space gives MBA students the opportunity to provide consulting services to the 22 startups at the incubator. Unlike BSU seniors in the "spine-sweating" course who present an...
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BioStorage gets set for major expansion: Three-year-old local firm eyeing West Coast, EuropeRestricted Content

October 24, 2005
Scott Olson
The 60 industrial-size freezers standing in formation like soldiers at attention look unassuming from the outside, but their contents are invaluable. Stored at temperatures of minus-80 degrees Celsius, the millions of biological samples inside the far-west-side warehouse represent the future of disease research and drug development. The repository is operated by BioStorage Technologies, a 3-year-old venture created by a pair of researchers who met at the local office of Princeton, N.J.-based Covance Inc., a drug-development services firm. Oscar Moralez developed...
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VIEWPOINT: Ruling holds promise for life sciencesRestricted Content

October 24, 2005
Kristiana M.
It wasn't frontpage news when the U.S. Supreme Court handed down its decision on Merck KGaA v. Integra Lifesciences earlier this summer. But among Indiana's burgeoning life sciences sector, it should have been-n - largely because of the doors it opens (or appears to) for research-based discoveries. On June 13, the country's highest court ruled that a "safe harbor" provision in U.S. law gives life sciences companies more freedom to use patented compounds in pre-clinical research, as long as the...
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Backing home again: CID changes out-of-state course, invests $50M in IndianaRestricted Content

October 10, 2005
Peter Schnitzler
Indiana's flagship venture capital firm has changed direction. Often criticized for not investing frequently enough within state lines, CID Equity Partners over the last five years has quietly put nearly $50 million to work in 10 Indiana companies. In the decade before, CID invested in just a half-dozen local deals. And after struggling to weather the 2001 recession, CID's managers believe the wind is finally at their back. Three years ago, massive losses threatened to sink the firm. Since then,...
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So far, VC deals scarce: BioCrossroads: Networking should spawn commitmentsRestricted Content

September 26, 2005
Peter Schnitzler
Almost two years ago, in October 2003, BioCrossroads debuted its $73 million Indiana Future Fund. In the time since, just three Indiana startups have received IFF-backed investments. But it's not for BioCrossroads' lack of trying. Both in public and behind the scenes, BioCrossroads is working diligently to put promising local life sciences prospects in front of venture capitalists. This year, BioCrossroads has already held two well-publicized Indiana Future Fund Entrepreneurial Forums: the first in April at Purdue University in West...
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Aquarium lessons carry hope for spinal-cord patients:Restricted Content

September 19, 2005
-Scott Olson
Purdue University researcher Richard Borgens developed a fascination with nerve regeneration during childhood, when he watched the newts in his father's aquarium regrow legs bitten off by fish. Today, he's developing nerve-regeneration methods that may prove instrumental in treating spinal-cord injuries. Borgens directs Purdue's Center for Paralysis Research and is the founder of Andara Life Sciences Inc., a startup whose treatments are showing promise in clinical trials. One of Borgens' therapies involves the patented oscillating field stimulator device, which stimulates...
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EndGenitor might hold key to repairing blood vessels: Biomedical startup researchers grow cells from umbilical cord fluidRestricted Content

September 19, 2005
-Scott Olson
En d G e n i t o r Technologies Inc. is a prime example of the type of company BioCrossroads, central Indiana's life sciences initiative, covets. Founded on the scientific discoveries of two Indiana University School of Medicine researchers, the venture is on the cusp of producing stem cells that someday could repair the blood vessels of heart attack victims and diabetics. Drs. Mervin Yoder, 52, and David Ingram, 39, company cofounders and professors at the Herman B Wells...
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Economic developer for hire: Miller's brain trust spreads advice from town to countryRestricted Content

September 12, 2005
Peter Schnitzler
It's about soybeans and high hopes. Clinton County has only 34,148 residents, nearly half of them living in the county seat of Frankfort. Most of the labor force works in either farming or auto-parts manufacturing. Neither is generally considered the field of the future. Enter economic development consultant Thomas P. Miller & Associates. Since Clinton County is the state's fifth-largest soybean producer, TPMA counseled a strategy based on what it already does well. Starting next year, federal regulators will require...
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VIEWPOINT: Signs of economic recovery all around usRestricted Content

August 15, 2005
Barbara Branic
After weathering some difficult times over the last few years, there are encouraging signs that central Indiana has turned the corner on its road to economic recovery. The Indianapolis metro area added 22,000 jobs in the year ending in March-a 2.4-percent increase-and in May, the Indiana unemployment rate dipped below the national average for the first time since December. All signs point to continued modest growth. Patrick Barkey, IBJ contributor and Ball State University economist, says, "We should expect to...
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Eli Lilly spawns start-up: Maaguzi plans rapid growth selling software to manage clinical research trialsRestricted Content

August 15, 2005
Tom Murphy
Eli Lilly and Co. has sold clinical-research software it created to a veteran Indianapolis entrepreneur who plans to market it globally, potentially growing his startup company into one of the area's largest technology firms. Joe Huffine, best known as co-founder of the technology consultancy Onex Inc., said his new firm, Maaguzi LLC, should benefit as the market for research software grows explosively. Maaguzi's software allows researchers and patients to record data electronically instead of on paper. The software is geared...
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Quiet approach drawing criticism: President's lack of visibility hurts IU, some complainRestricted Content

August 8, 2005
Andrea Muirragui
Never mind the Herculean task of leading the state's largest college system in a difficult economic climate; he knew that would be hard. But after two years of long weeks and late nights, he's facing a more surprising challenge-defending himself from critics who question his ability to get the job done. IU seems to be adrift, naysayers argue, and so far Herbert doesn't seem to be doing much to get it back on course. "It is with great regret that...
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NOTIONS: Pugilism, Parkinson's, politics, DNA: a powerful combination set to winRestricted Content

July 25, 2005
Bruce Hetrick
If you knew only that Scott Newman is a former prosecutor, you might think his new workouts apt. The man known for courtroom sparring now feints, weaves, jabs and thrusts with a former Golden Gloves boxing champion. But that's not all we know about the 44-year-old Republican twice elected Marion County prosecutor. For in 2002, Newman also became Indianapolis' most public Parkinson's patient. Today, Newman says boxing provides the perfect exercise for the neurologically challenged. "Parkinson's is a movement disease,"...
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VIEWPOINT: Hoosiers gave tech transfer a big boostRestricted Content

July 18, 2005
Cam Carter
Today, we take for granted that our state universities play a role far beyond their traditional educational mission-especially in the economic arena. University-sponsored research is being licensed to the private sector, or used to form new companies. Universities are managing business incubators. Consulting partnerships between academia and industry are commonplace. It wasn't always this way. Not long ago, university officials were skeptical of becoming too involved with the private sector. Business leaders and investors didn't recognize the value of innovation...
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Diversity marketing gains steam in central Indiana: Ad agencies helping convey cultural revelancyRestricted Content

July 11, 2005
Anthony Schoettle
Ethnic or diversity marketing, once confined to major cities such as Dallas, New York and Los Angeles, is taking hold in Indianapolis. "We have seen a gradual but growing response among clients to communicate to a multicultural audience," said Clyde Bodkin, president of locally based Bodkin Associates Inc. "Not everyone is in the same place, but smart companies are finding culturally sensitive, culturally relevant ways to communicate to their target markets." Diversity marketing is the fastest-growing sector of Bodkin's 14-person...
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Purdue, Regenstrief look for ways to trim health costs: Health & Hospital Association a 'real-world' partnerRestricted Content

July 11, 2005
Scott Olson
"Ultimately, we think the benefits of the partnership will be more efficient, costeffective care to the citizens of Indiana," Morr said. "The bottom line is, how can we do what we do better?" Small and medium-size hospitals, which typically do not have people on staff dedicated to study the types of issues the Regenstrief center will tackle, could benefit most from the affiliation, Morr said. Ed Abel, director in charge of health care services for the locally based Blue &...
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Taking the pulse of life sciences: Experts weigh in on whether Indiana is keeping up in the economic development raceRestricted Content

June 27, 2005
IBJ: Is Indiana gaining ground against other states in the race to grow as a life sciences hub? What are some specific benchmarks that underscore your opinion? JOHNSON: Indiana is gaining ground, but Indiana already starts on really very substantial ground. There are a lot of outside validations of that and I think it's important for this audience to hear a couple of them because there is nothing like having people on the outside pay attention to what we're doing...
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Med school takes hit: IU trims $5.2 million from budget, cuts 36 positionsRestricted Content

June 20, 2005
Tom Murphy
The school tabled some construction plans and may have to curtail recruiting of "star" faculty in areas such as diabetes research, said Dr. Craig Brater, the school's dean. On top of that, the school cut 36 positions and halted spending for several programs after it was hit by decreases in state funding and grants, and a rise in expenses. Brater said the medical school has been lucky "in large part" to receive the funding it needed over the years. He...
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VIEWPOINT: Creativity is key to competitive advantageRestricted Content

June 20, 2005
Christopher Vice
Central Indiana is flat as a result of the Laurentide ice sheet that surged toward Indianapolis 17,000 years ago. Today, the whole world is flat as a result of the technological and social seismic shifts that effectively leveled the economic world, and "accidentally made Beijing, Bangalore and Bethesda next-door neighbors," says Thomas L. Friedman, foreign affairs columnist for The New York Times. Richard Florida, researcher on regional economic development, challenges Friedman's metaphor. Florida says, "The world is even more concentrated,...
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VOICES FROM THE INDUSTRY: Indiana must not let TDL opportunities elude its graspRestricted Content

June 13, 2005
Michael Snyder
Unlike some other Hoosier economic initiatives, much of the required infrastructure to rapidly advance TDL into significant growth is already in place. More Interstate highways cross the state An economic development analyst determining the physical advantages of Indiana might initially be challenged. Indiana has no oceans. No mountains. No temperate climate. But the Hoosier state does possess one singular unmatched physical plus: It is the state geographically closest to the bulk of most U.S. major markets. For more than a...
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Seed funding falling short: BioCrossroads to offer $6 million less than originally hopedRestricted Content

June 13, 2005
Peter Schnitzler
It's the Catch-22 of entrepreneurship. Attracting investment money is most difficult during the earliest days, exactly when startups need it most. BioCrossroads hopes to break that tricky cycle with its new $4 million seed-stage venture capital fund, Indiana Seed Fund I. But when fund raising was launched last year, the life sciences initiative aimed for $10 million. At about $250,000 per deal, BioCrossroads can do up to 15 deals-or two dozen fewer than it had intended. "We would certainly have...
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State eyes inland ports to bolster TDL: 'Dry' hubs under consideration in 3 parts of the state could be boon to transportation, distribution, logisticsRestricted Content

June 13, 2005
Scott Olson
The construction of intermodal hubs in Indiana could add thousands of jobs to the state's transportation/distribution/logistics industry, an area targeted by officials as an economic pillar to pursue. The General Assembly gave the Indiana Ports Commission the authority two years ago to build the hubs-"dry ports" where cargo is transferred between train and truck. While the projects remain in the planning stages, supporters cite Indiana's central location as a primary factor to build the facilities. At least three locations are...
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Network Engineering Inc.: Computer firm remains flexible Owner says diversifying keeps company nimbleRestricted Content

June 6, 2005
Ed Callahan
He started the original version of his business back in 1984, fresh out of college. One Internet, one dot-com boom, one Y2K and one dot-com crash later, he's still in business. Spilker is president of Network Engineering Inc., which is essentially a spin-off of his original company, Information Engineering Inc. A lifelong Indianapolis resident, he graduated from Purdue University with a degree in computer technology. As soon as he graduated, he started Information Engineering because he wanted to run things...
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Finances another obstacle for Rose: University's money problems predate controversial leaderRestricted Content

May 23, 2005
Peter Schnitzler
In Terre Haute, his management style has come across like a bull in a china shop. Rose-Hulman Institute of Technology's faculty and students voted "no confidence" in his abilities. The university's staff will soon take a vote of its own, and an upcoming trustee meeting will likely address the matter. But as the tide of opinion turned against Rose-Hulman President Jack Midgley, detractors stopped asking a fundamentally important question: Could Midgley be right about the need for change? Last September,...
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Stutz's future includes condos: Developer envisions high-rise, nightclub as part of biz centerRestricted Content

May 9, 2005
Tammy Lieber
Stutz Business Center owner and visionary Turner Woodard last month rolled out a 10-year master plan for the Stutz that could bring condominiums, retail and a high-rise tower to the former auto-manufacturing plant at 10th Street and Capitol Avenue. Right now, Woodard concedes many of his plans are dreams. But with a blossoming life sciences corridor just to the west along the Central Canal, Woodard said he wants the 80-year-old Stutz to continue to be a hub of activity as...
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  1. I never thought I'd see the day when a Republican Mayor would lead the charge in attempting to raise every tax we have to pay. Now it's income taxes and property taxes that Ballard wants to increase. And to pay for a pre-K program? Many studies have shown that pre-K offer no long-term educational benefits whatsoever. And Ballard is pitching it as a way of fighting crime? Who is he kidding? It's about government provided day care. It's a shame that we elected a Republican who has turned out to be a huge big spending, big taxing, big borrowing liberal Democrat.

  2. Why do we blame the unions? They did not create the 11 different school districts that are the root of the problem.

  3. I was just watching an AOW race from cleveland in 1997...in addition to the 65K for the race, there were more people in boats watching that race from the lake than were IndyCar fans watching the 2014 IndyCar season finale in the Fontana grandstands. Just sayin...That's some resurgence modern IndyCar has going. Almost profitable, nobody in the grandstands and TV ratings dropping 61% at some tracks in the series. Business model..."CRAZY" as said by a NASCAR track general manager. Yup, this thing is purring like a cat! Sponsors...send them your cash, pronto!!! LOL, not a chance.

  4. I'm sure Indiana is paradise for the wealthy and affluent, but what about the rest of us? Over the last 40 years, conservatives and the business elite have run this country (and state)into the ground. The pendulum will swing back as more moderate voters get tired of Reaganomics and regressive social policies. Add to that the wave of minority voters coming up in the next 10 to 15 years and things will get better. unfortunately we have to suffer through 10 more years of gerrymandered districts and dispropionate representation.

  5. Funny thing....rich people telling poor people how bad the other rich people are wanting to cut benefits/school etc and that they should vote for those rich people that just did it. Just saying..............

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