Indianapolis-based Roche Diagnostics has acquired a firm that develops genome-sequencing systems, the company announced today. Roche Diagnostics’ parent, Switzerland-based Roche, paid $140 million in cash to scoop up 454 Life Sciences, a subsidiary of Connecticut-based CuraGen Corp. Roche Diagnostics, which already distributes 454 Life Sciences’ genome sequencing systems, now gets access to any future generations […]
How does aviation technology conceived at Oxford University and developed with the help of Rolls-Royce end up being tested at Methodist Hospital and commercialized in Carmel? Oxford BioSignals Medical CEO Frank Cheng knows the answer. Even better, he can explain why his startup is poised to add 120 jobs over the next few years. “At this point, I don’t see anything we can’t do right here in Indiana,” he said. Formed in 2000, Oxford BioSignals began its life when research…
How does aviation technology conceived at Oxford University and developed with the help of Rolls-Royce end up being tested at Methodist Hospital and commercialized in Carmel? Oxford BioSignals Medical CEO Frank Cheng knows the answer. Even better, he can explain why his startup is poised to add 120 jobs over the next few years. “At […]
Indianapolis airport officials are considering building a smaller version of FedEx’s 2-million-square-foot hub here, one
that could accommodate several cargo carriers from around the globe. The “international air cargo facility” could be up to
several hundred thousand square feet large and could cost tens of millions of dollars to build.
Roche Diagnostics operating income plummeted 21 percent last year, to $1.1 billion, as expiring patents crimped royalties and costs to launch new products increased, its Swiss parent, Roche Holding AG, reported today. The Indianapolis-based division, which is a leader in blood-sugar test kits, limited the parent company’s overall increase in profit to 33 percent, or […]
A 93-acre former drive-in south of the former Fort Benjamin Harrison has sat vacant since the theater closed in 1993. But now a Rochester, N.Y., developer has agreed to buy the property and envisions building retail space plus either a light-industrial business park or a medical campus. If it comes to pass, the large development could kick-start Lawrence’s efforts to revitalize struggling portions of Pendleton Pike. Norry Management Corp. has had the land under contract since spring and is preparing…
SMALL BUSINESS PROFILE JP PARKER CO. Business blooming for specialty florist Flower farm, retail shop feed green thumb’s growth More than 300,000 sunflowers are in various stages of growth on Needham, Ind., farmland, where a third generation carries on the family tradition with a modern twist. These tall summer annuals follow a spring where 1,000 blooming peony plants yielded at least 11,000 stems for a Chicago broker. Smaller plots of delphiniums, larkspur, zinnias, coneflowers, mints, herbs and other greenery also…
Black business owner Bob Logan is one of four entrepreneurs chosen by the Indiana Business Diversity Council as inaugural tenants of its unusual new incubator, which caters solely to minority-owned businesses.
I work in a building that makes me use a cardkey to get into the building’s back stairway. I can’t even use a physical key. I must use the card I was issued. I fumble for the thing every morning. One morning, to my astonishment, I noticed that if I pushed hard enough on the door as I opened it, it would hit the end of its travel and thereafter stand open by itself. The first person through in the…
You can sense the ache in Rochelle Taylor’s heart, the knot in her stomach. She goes to bed at night wondering, “What are we going to do?” She wakes up thinking, “What are we going to do?” Kids are her passion. Not just any kids, but the ones who live in the city neighborhoods … often underserved, undeserving victims of circumstances into which they were born. And circumstances in which they might remain, unless someone extends a hand. Taylor is…
One of central Indiana’s largest advertising accounts has been awarded to a relatively small but growing agency. Clarian Health Partners this month signed what industry sources are calling a multiyear, multimillion-dollar deal with The Heavyweights, a firm headquartered in The Stutz Building downtown and best known for its creative work for clients such as Procter & Gamble and Roche Diagnostics. Officials for Clarian and The Heavyweights would not divulge the deal’s terms. The Heavyweights will provide creative direction and strategy…
Indians explore prospects in Indiana Delegation of 15 execs finds opportunities during tour of Indianapolis, Purdue tech park J.V.V. Satyanarayana spent the last three years launching his Chennai, India-based software firm. But after only 24 hours in Indianapolis, he was ready to expand his operation. Satyanarayana was part of a delegation of 15 Indian executives who visited Indiana last week. His business, SVL Infotech, manages the IT end of medical billing. It has 100 employees and handles claims worth $100…
Passage to Bangalore Hoosiers seek outsourcing and investment opportunities BANGALORE, India-The deal was falling apart. Despite a week of flirtation and friendly negotiations, the two young Indian entrepreneurs rejected the offer from the group of Hoosier investors. Frustrated, the investors walked out of the hotel conference room. The chance to speculate on an Indian software startup called Picsquare.comhad fizzled. But none of the six Indiana business leaders was demoralized. After all, they’d crossed the globe to pursue business opportunities in…
Perhaps you’d find a live “elf” directing visitors from inside an inflatable lawn Christmas decoration. Maybe young women dressed in wedding gowns would be playing basketball in the gym. Or possibly, one of the featured works of art would be a 3-foot-tall crocheted cigar in a display case, made with yarn, wood, screws and “six cans of cheap beer,” according to its creator, Paul Baumgarten. But behind the scenes of controlled mayhem, Harrison Center Executive Director Joanna Taft and the…
Having recently returned to Indiana after a 15-year absence, I see a region filled with both challenges and opportunities. The Central Indiana Corporate Partnership, the organization I’ve returned to serve as president and CEO, is focused on long-term economic prosperity for our region. To this end, our people are our most valuable resource. Unfortunately, central Indiana faces a significant challenge in making our human capital match our goal of a knowledgebased, 21st-century economy. Indiana ranks 46th in the educational attainment…
At 6 feet 8 inches, consultant Bruce R. Frank is an imposing figure. But it’s the 30 years of business experience the former professional basketball player has accumulated that he says helps him tower over his competition. Frank, 51, is the founder of Bruce R. Frank & Associates, an Indianapolis-based consulting group that helps life-sciences companies develop business strategies. So far, he has found most of his clients outside Indianapolis: Frank spent seven months on the road last year. The…
Because of them, people stocked basements with food, guns and ammo. Others fell prostrate on hilltops and sang Kumbaya. There was fear software developers would inadvertently destroy the world with the infamous Y2K computer glitch, in the opening hours of 2000. These days, however, it is the developers who are worried-about things like how a glitch can give hackers access to customer credit card and Social Security numbers. Or get companies in trouble when software doesn’t capture information required by…
Wearing a pedometer, Kelly Dircksen treads 2,000 or so steps a day at the office, racking up her highest counts in her treks to the photocopier. Her 2-1/2-mile daily goal entails after-work walks, as well. The 34-year-old quoting specialist said her company pays 50 percent of any fitness-related costs for her and her family, including a Weight Watchers program, running shoes for her kids, and the entry fee for her son’s marathon. “I’m definitely healthier,” said Dircksen, who celebrates incremental…
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…
It was supposed to be short-lived, an agency created solely to help Indiana schools tap emerging videoconferencing technology for distance learning. But a funny thing happened on the way to the virtual field trip. “We found it really wasn’t about the technology. It was about what you do with the technology,” said Ruth Blankenbaker, executive director of the Indianapolis-based Center for Interactive Learning and Collaboration. “If you don’t have a reason to use it, what’s the point?” Teachers had to…
