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Report: Charitable giving by Americans on the rise

June 17, 2013

Americans gave an estimated $316.2 billion to charity last year, continuing a string of small philanthropic gains. What cause got the bulk of the bounty?

Indiana agency sued over cuts to program for disabled

June 17, 2013

A federal lawsuit says Indiana's social services agency has made changes to Medicaid waiver programs that threaten to deprive thousands of developmentally disabled people of income they need to survive outside of institutions.

Incentives draw industrial developer to AmeriPlex

June 17, 2013

A city tax abatement has led Atlanta-based Industrial Developments International to build a 794,608-square-foot speculative building in AmeriPlex and to plan construction of another, 460,000-square-foot building there.

Lilly’s pipeline failures concern analysts

June 17, 2013

The failures raise pressure on Lilly’s experimental diabetes and cancer drugs to make it to market to offset looming patent expirations.

Businesses burglarized in Castleton

June 17, 2013

Indianapolis police are investigating multiple business burglaries that took place Monday morning in an office building at the northwest corner of East 86th Street and Allisonville Road. Intruders broke into at least 11 business suites and stole computers and other equipment.
 

Warehouse fire still smoldering

June 17, 2013

Firefighters remain at the scene of a smoldering blaze at a 440,000-square-foot recycling warehouse in Indianapolis, two days after the fire created huge plumes of black smoke that could be seen for miles. The fire broke out at 1 p.m. Saturday on Belmont Avenue and Oliver Street. Tires, wood pallets and shingles burned, and at least 30 propane tanks exploded. Firefighters are trying to determine a cause. Damages could be in the millions of dollars.
 

Man shot to death outside strip club

June 17, 2013

Indianapolis police have detained two people after a man was shot to death at about 3 a.m. Monday in the parking lot of the Pure Passion West nightclub at West 38th Street and Lafayette Road. Police said it appears the shooting stemmed from a disturbance, and the victim was shot from a passing vehicle. Witnesses said they saw two people leaving the scene in an SUV.
 

People

June 17, 2013

Vince Caponi will step down as CEO of the St. Vincent Health hospital system July 1 to become senior vice president of St. Louis-based Ascension Health Alliance, the parent organization of St. Vincent. He will also be executive chairman of the board for St. Vincent Health. During a search for Caponi’s permanent replacement, Ian Worden will serve as interim CEO. Worden since 2008 has been chief operating officer of the 22-hospital system, the second-largest in Indiana. Worden previously served as St. Vincent’s chief financial officer for eight years.

Company news

June 17, 2013

Eli Lilly and Co. will pay Canadian drug developer Transition Therapeutics Inc. $7 million and take over the development of a potential diabetes treatment heading into mid-stage clinical testing. According to the Associated Press, Transition said Monday it also could receive up to $240 million in additional payments, plus royalties, if the treatment is eventually approved and sold. It also will pay Indianapolis-based Lilly $14 million in three installments during the mid-stage study. The drug, labeled TT-401, is being developed to treat the most common form of diabetes, type 2, and accompanying obesity. Demand for drugs that treat diabetes is climbing as rising instances of obesity are causing an explosion of diabetes cases globally.

The Indiana University School of Medicine won a $1 million grant from the American Medical Association to launch a virtual health system curriculum for training medical students. The med school is one of 11 grant recipients. IU will use a teaching version of an electronic medical record system to help students use huge quantities of data to make clinical decisions, as well as to monitor the cost of their decisions. Medical school officials said the virtual health system curriculum will be better suited to the changing health care environment its students will encounter after graduation.

Starting July 1, a new state law will allow pharmacists to administer vaccinations for pneumonia, tetanus, diphtheria, acellular pertussis, HPV infections and meningitis, according to The Statehouse File news service. Currently, the only immunizations pharmacists can administer are flu shots. Pharmacists must continue to perform immunizations under physician-monitored guidelines. More than 40 states allow pharmacists to provide immunizations, although requirements for education and oversight vary. In Indiana, pharmacists must undergo immunization training. Already, the state has more than 2,700 pharmacists trained to provide the shots and several hundred new ones are added annually.

Medicare report a fresh threat to local hospital finances

June 17, 2013

A new recommendation from the Medicare Payment Advisory Commission, if enacted, would likely end one of the ways Indianapolis-area hospitals have generated healthy revenue from their recent spree of physician acquisitions.

World looks to Bernanke to clarify stimulus plans

June 17, 2013

Financial markets have been gyrating in the 3½ weeks since Bernanke told Congress the Fed might scale back its effort to keep long-term rates at record lows within "the next few meetings"— earlier than many had assumed.

Lilly to take over development of diabetes drug

June 17, 2013

Eli Lilly and Co. will pay Canadian drug developer Transition Therapeutics Inc. at least $7 million and up to as much as $247 million to take over the development of a potential diabetes treatment.

Electronic proof of auto insurance coming to Indiana

June 17, 2013

Indiana drivers who have to show proof of insurance to police after an accident or traffic violation can do so electronically starting July 1 under a new law that signals an increasing use of technology in insurance laws.

File-sharing firm to invest $2.1M, add up to 30 jobs

June 17, 2013

Indianapolis-based SmartFile said the investment will help the company make a 7,500-square-foot facility at 212 W. 10th Street operational by September.

Former governor candidate Gregg buys country grocery

June 17, 2013

The Democrat said he hopes his purchase of Yagles Country Cupboard will help the store provide more services to the largely Amish southern Indiana community and create a few jobs.

Disparate Indiana pols agree ISTEP answers needed

June 17, 2013

A legislative panel studying why 78,000 test-takers were frozen out of the high-stakes exam test last month plans to meet Friday to hear from CTB/McGraw-Hill President Ellen Haley on what went wrong.

Hilbert puts MH management company into Chapter 11

June 15, 2013

The move, the latest fallout from the executive's feud with hardware king John Menard, puts on hold a Wisconsin lawsuit that sought millions of dollars from the company.

Colts fans will face new security measures

June 14, 2013

NFL fans won’t be carrying much into games this season, unless it fits inside a clutch or a zip-lock bag. The NFL revealed a new security policy on Thursday that bans all bags except clear plastic bags that do not exceed approximately a square foot, or small clutch purses or other handheld bags that are roughly the size of your hand. Seat cushions will also be banned this year. According to the NFL, the new policy will increase security and speed up entrance into the stadium. The Indianapolis Colts have announced that they will be complying with the new security measures.

INDOT to close U.S. 31 ramp to Keystone

June 14, 2013

The Indiana Department of Transportation and its contractors will close a heavily trafficked exit ramp this weekend in Hamilton County. The southbound ramp connecting U.S. 31 to Keystone Parkway in Carmel will close at 9 p.m. Friday and reopen by 6 a.m. Monday. INDOT said sections of concrete pavement did not meet its quality standards and they need to be replaced. The contractor, Walsh Construction, is receiving $35 million for its work on the U.S. 31 transformation in Hamilton County.

New Hostess owners want abatement for equipment

June 14, 2013

The new owners of Hostess Brands are seeking a tax abatement to support investment of $10 million in new equipment for a plant on the east side that could employ up to 145 people.

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