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Articles

FEIGENBAUM: Sen. Bayh’s call for civility reverberates at Statehouse

February 18, 2010

In the most significant retirement decision announced in Indiana since Reggie Miller hung up his sneakers, Democratic U.S.
Sen. Evan Bayh said Dec. 15 he would not seek a third U.S. Senate term. That decision also sent shock waves through
the ranks of Democratic lawmakers in Indianapolis, none of whom had any advance word.

Lilly asks shareholders to lower takeover barrier

February 18, 2010

Eli Lilly and Co. directors have recommended that shareholders toss out the
drugmaker's most potent protection against unwanted takeovers: an 80-percent supermajority vote threshold for any shareholder
mutiny to succeed.

Bayh’s exit may pinch federal funds going to Indiana

February 18, 2010

Sen. Evan Bayh brought home the bacon—more than
$1.4 billion in federal appropriations and grants in just the last 12 months.

New Obama health proposal would limit rate hikes

February 22, 2010

President Barack Obama is making a fresh attempt to rescue his health care overhaul by proposing a measure that would allow
the government to deny or roll back egregious insurance premium increases that infuriate consumers.

Company news

February 23, 2010

The Indianapolis-area claims three of the four healthiest counties in the state, but also some of the laggards, according
to a new report by New Jersey-based Robert Wood Johnson Foundation. Hamilton, Hendricks and Boone counties ranked first, second
and fourth, respectively. The rankings were based on such things as death rates, insurance rates, socioeconomic factors and
environmental influences. However, Marion County ranked 80th out of Indiana’s 92 counties. Shelby and Madison counties
also scored poorly, ranking No. 70 and No. 79, respectively.

Most of Indiana’s life sciences business development has occurred in the “golden triangle” that runs from
Bloomington to Indianapolis to Lafayette. But the latest investment by BioCrossroads’ Indiana Seed
Fund shows some potential for cross-state development that breaks out of that mold. South Bend-based Bioscience Vaccines
Inc.
has licensed the extracellular matrix technology developed by Cook Biotech in West Lafayette.
With scientific help from the University of Notre Dame, Biosciences Vaccine aims to start a clinical trial
by year’s end. It hopes that combining Cook Biotech’s extracellular matrix with vaccines against tetanus and prostate
cancer will prove more effective than traditional delivery of the medicines. BioCrossroads will commit $400,000 to help the
company’s research.

Indianapolis-based Vortek Surgical LLC will relocate to Brownsburg, expanding its headquarters, manufacturing
and distribution operations and creating more than 60 life sciences jobs in the next three years. Founded in 2006, the company
expects to launch a consumer subsidiary in the second quarter to focus on health care products. It plans to begin hiring employees
for both the consumer and medical product divisions beginning in April. Vortek develops and markets medical devices designed
to reduce the risk of hospital infections during surgery.

Indianapolis-based Marcadia Biotech Inc. has launched a Phase 1 clinical trial of its experimental anti-diabetes
drug MAR701. The drug mimics the action of two hormones, glucagon-like peptide and gastric inhibitory peptide. Those proteins
both boost the body’s production of insulin, which is necessary to fight diabetes. Marcadia hopes to market the drug
as a once-a-week medicine to treat Type 2 diabetes.

People in the news – March 1, 2010

February 25, 2010

People listings are free.

Officials: Weak smoking ban hurts Indianapolis’ hospitality efforts

February 25, 2010

The ongoing smoking-ban debate is getting a new spark from convention leaders trying to light a fire under
lawmakers, who have been reluctant to approve the kind of comprehensive smoking ban that
health—and now tourism—officials say is needed here.

To attack costs, Lilly accelerates R&D

March 2, 2010

With President Barack Obama looking to squeeze a bit more revenue out of the pharmaceutical industry, the stakes just keep
getting higher for Eli Lilly and Co.’s efforts to develop drugs faster and cheaper.

Company news

March 2, 2010

Call it California screamin.’ Indianapolis-based WellPoint Inc. continues to get a steady flow of
bad news coming from the Golden State, which is feeding problems for the health insurer in Washington, D.C. WellPoint CEO
Angela Braly gave an unapologetic defense last week before a congressional committee about her company’s 25-percent
premium hike on individual customers in California. But the next day, California Attorney General Jerry Brown subpoaned documents
from WellPoint and its insurance peers in an investigation into whether their premium increases and claims denials were illegal.
According to Bloomberg News, the investigation was undertaken in response to reports that California insurance providers deny
almost 40 percent of claims. Then on Monday, a consumer watchdog group sued WellPoint for pushing consumers to take coverage
with fewer benefits and higher deductibles, which the lawsuit says violates California law, according to the Associated Press.
On Thursday, President Obama’s top health official, Kathleen Sebelius, wants to see WellPoint and its rivals in her
office to explain their premium hikes. Heavy media attention on premium hikes in states across the country has revived Obama’s
health reform efforts, which WellPoint has opposed since last fall. The only good news for WellPoint came on Wall Street,
where investors are pleased the company is raising its prices faster than medical costs are escalating. WellPoint’s
stock price surged 6 percent last week alone.

The Indiana University Melvin and Bren Simon Cancer Center has named a replacement for former director Stephen
Williams, who died of cancer in February 2009. The center chose Dr. Patrick J. Loehrer Sr., who joined the IU faculty in 1990,
and also will serve as associate dean for cancer research and hold the title HH Gregg Professor of Oncology at the IU School
of Medicine. Loehrer is an internationally recognized researcher and specialist in testicular cancer, gastrointestinal cancer,
and thymoma. His appointment must be approved by university trustes.

Indianapolis-based PDS Biotechnology Corp. won a $1.28 million grant from the National Cancer Institute
to help it complete preclinical testing of an experimental drug aimed at curing infections and cancers caused by human papillomavirus.
The most common cancers caused by the virus are cervical, anal and head and neck cancers. PDS said 400 million people have
the virus, and no existing vaccines offer a cure.

The University of Notre Dame licensed technology developed by one of its professors to Pennsylvania-based
Molecular Targeting Technologies Inc. Financial terms of the deal were not disclosed. The technology, developed by chemistry
prof Bradley Smith, can target dead or dying cells in humans or in bacteria clusters. Such selective sensing could help researchers
see more clearly the effects of treatments on cancers or bacterial infections.

PANEL: Progress is being made on environmental issues in state

March 3, 2010

New Watch Video iconExperts
say Indianapolis is moving forward on recycling, that environmental research is discovering promising technologies, and that
manufacturers are finding new things to make. Local cognoscenti from the green community testify to these developments in
five included videos.

Local government reform still sputtering

March 4, 2010

The second legislative session since the Kernan-Shepard report on local government reform is about to end. Joe Kernan and
Randall Shepard can still say, “We’ve got to stop governing like this.”
 

Dow AgroSciences considered expansion elsewhere

March 4, 2010

Agricultural biotech firm hired a site-selection consultant and considered other cities around the world for its $340 million
expansion.

Consumer group touts financial benefits of energy efficiency

March 4, 2010

Opponents of energy/climate change legislation—which has predominantly been in the form of so-called cap-and-trade
legislation—aren’t convinced.

Job searches dragging on a year later

March 4, 2010

Out of six professionals IBJ profiled a year ago, three have found jobs, although all have accepted lower pay than
they were getting before. One could not be reached, but she still lists herself as looking for work on LinkedIn.com. Two tried
to start their own businesses, with one giving up and one, Bruce Flanagan, still trying.

HICKS: Recession slows with costly job creation

March 11, 2010

While economists share broad agreement on a surprisingly large number of issues, the most visible discord lies in how two
groups view the causes of recession.

HEALTH CARE

March 11, 2010

With President Obama looking to squeeze a bit more revenue out of the pharmaceutical industry, the stakes just keep getting higher for Eli Lilly and Co.’s efforts to develop drugs faster and cheaper. Lilly is already trying to shave a year or more off the time it takes the company’s scientists to turn a newly […]

People in the news – March 15, 2010

March 11, 2010

People listings are free.

PARENT: Take your brain out for a walk

March 11, 2010

Urban life has
serious costs; it actually impairs our ability to think.

FORSELL: Look beyond results for reciprocity in health care

March 11, 2010

I want to matter to the nurse standing next to me. I want to be more than a number, more than just a name on a list of hundreds
of patients on a research protocol.

People in the news – March 22, 2010

March 18, 2010

People listings are free.

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