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Drugmaker restarts race to boost ‘good’ cholesterol

Merck & Co. is betting it can succeed where Pfizer Inc. failed, with a new type of drug to combat heart disease by raising good cholesterol levels. Indianapolis-based Eli Lilly and Co. is testing a similar pill.

Simon rival General Growth exits Chapter 11

General Growth exits bankruptcy with more than 183 regional malls in 43 states — a retail portfolio second only to Indianapolis-based Simon Property Group Inc., which failed in its bid to scoop up its rival earlier this year.

Also this week

In “The Chicken Show,” part of the Spirit & Place Festival, author Michael Perry reads and local artists and students display work based on, yes, chickens. Nov. 11 at Wheeler Arts Community Center. Details here.

The painted guys return when Blue Man Group plays Clowes Hall Nov. 12-14. Details here.

At the Eiteljorg Museum, "Art en la Charreria," Nov. 12-Jan. 16, celebrates the equestrian sport popular in Mexico. Opening weekend events include performances by Anderson Ballet Folklorico, Trio ConPaz, and more. Details here.

The 10th anniversary lineup for the Indianapolis LGBT Film Festival Nov. 12-14 at the Indianapolis Museum of Art and IUPUI Campus Center includes “Violet Tendencies” (starring Mindy Cohn of “The Facts of Life), “Talbott Street: 1980-1986” (a documentary about the ground-breaking Talbott Theatre), “Bloomington” (a fiction film about a student/teacher relationship at IU), and a sneak preview of the “New Ash Christian Film” (featuring Jennifer Coolidge). Details here.

The ambitiously titled Wet Your Pants Comedy Film Festival, Nov. 12-14 at the Indianapolis Art Center, includes “Run, Granny, Run!” (featuring a seniors version of the “Ben Hur” chariot race), “Cool Beans,” (about two guys looking for the originator of the title term), and “Post-Apocalyptic Shotgun Madness,” which pretty much says it all. Proceeds benefit the National Kidney Foundation. Details here.

Comedian Chelsea Handler headlines at the Murat Theatre Nov. 13. Details here.

New Yorker contributor Jonathan Lethem, author of such novels as “Fortress of Solitude” and “Chronic City,” is the latest author to come to town for the Vivian S. Delbrook Visiting Writers Series at Butler University’s Atherton Union. He’ll be reading on Nov. 15. Details here.
 

“Madeleine Albright: My Life in Pins”

Nov. 11
Indianapolis Museum of Art

One of the perks of being an ambassador to the United Nations is that you have access to artisans from around the world. In the case of Madeleine Albright, that meant amassing a collection of more than 200 brooches, which are on display at the Indianapolis Museum of Art through Jan. 30. Indianapolis Museum of Art Director Maxwell Anderson will be leading a discussion with Albright herself on Nov. 11, followed by a book signing. For details, click here.

“Mickey’s Corner” with Michael Feinstein

Nov. 11
JCC

There won’t be a band to strike up, so it may be a tough call for you (but not for me) when Mickey Maurer interviews cabaret star and Center for the Performing Arts artistic director Michael Feinstein for a fascinating chat about rhythm and other matters. And if you are expecting nothing but talk, well, it ain’t necessarily so. Feinstein will likely sing as well.

Who cares? Anyone interested in the great American songs Feinstein has helped rediscover, re-popularize, and preserve. How long has this been going on? Maurer (an IBJ owner and columnist) has been hosting discussions with interesting Hoosiers since 2008. You can get more information here.

(And now, Great American Songbook buffs, count how many George Gershwin song references you can find in this item.)
 

Bands of America Grand National Championships

Nov. 10-13
Lucas Oil Stadium

Seventy-six trombones? That “Music Man” number hardly holds a candle to the sheer number of talented musicians competing this week in Music for All’s Bands of America Grand National Championships. More than 90 bands—including groups from Lawrence Central, Carmel, Center Grove, Danville and Ben Davis high schools—will show their stuff, with the winner scoring a guaranteed spot in the Tournament of Roses Parade. Details here.
 

“Bugs Bunny at the Symphony”

Nov. 12-14
Hilbert Circle Theatre

Call me a musical purist, but I’m not sure if the Indianapolis Symphony Orchestra should cheapen itself by mixing minor music with the classics. In this case, it’s taking the musical masterpieces inspired by the genius of Bugs Bunny, Elmer Fudd and Daffy Duck and mixing in work created to back up such lesser lights as The Flintstones and Tom and Jerry. I’m sorry, but Hanna Barbera just doesn’t hold a candle to Warner Bros. (unless, of course,  Ann-Margrock and Bobby Darrock are vocalizing).

Ah, well, I suppose I have to move with the times. If it takes music for Scooby Doo to get people in the door to hear the more esoteric excellence of Bugs Bunny’s “Long-Haired Hare,” then so be it. For details, click here.
 

Acquisition big step for Lilly Diagnostics

Eli Lilly and Co.’s $800 million acquisition of Avid Radiopharmaceuticals Inc. is the biggest step yet in the drugmaker’s attempt to add diagnostics to its product portfolio.

People

The Logan Institute for Health and Wellness in Fishers promoted Linda Whitlock to practice manager. She has worked for four years as office manager at the holistic medical practice run by Dr. Kevin Logan.

Dr. Erin Zusan has joined Community Breast Care, a unit of Community Health network hospital system, with an office in Greenwood. Zusan holds a medical degree from the Indiana University School of Medicine.

Indianapolis logistics firm BioStorage Technologies appointed Gregory Swanberg CEO, replacing Dr. F. John Mills, who will remain as chairman. Swanberg most recently served as the managing director of Virginia-based UMS Advisory, a consulting firm focused on the life sciences sector.

Company news

Employees of public school corporations south of Indianapolis, along with Franklin College and Johnson County government, will be able to get free access to an immediate-care clinic under a new agreement with Johnson Memorial Hospital in Franklin. Called the Express Care Clinic, the service will be provided by the staff at the JMH Immediate Care Center in Franklin. The schools and county government health plans will pay a fee to Johnson Memorial to provide non-emergency care to all participants in their health plans, as well as their dependents. Such direct-contracting arrangements are becoming increasingly common, especially for public-sector employers. The South Central Indiana School Trust set up a similar arrangement last year with Morgan Hospital and Medical Center.

Indianapolis-based Arcadia Resources Inc. narrowed its quarterly loss to $2.9 million, or 2 cents per share, compared with a year-ago loss of $4.1 million, or 3 cents per share. Revenue in the three months ended Sept. 30 rose nearly 3 percent to $25.8 million on 44-percent growth in the company’s DailyMed drug management service. The DailyMed services packages the numerous prescriptions taken by some patients into ready-to-take packets marked with the time of day they’re supposed to be taken. Arcadia’s pharmacists also call patients to help them comply with their prescription regimens. The company signed a 3-year contract extention with Indianapolis-based health insurer WellPoint Inc. to provide the DailyMed service to the Medicaid recipients WellPoint manages in some states. Also, Arcadia signed a new deal with New York-based health plan Touchstone Health, to start providing the DailyMed service to its members on Jan. 1.

Third-quarter profits rose slightly at WellPoint Inc. but soared above Wall Street expectations. The Indianapolis-based health insurer raised its full-year profit forecast by 20 cents per share, excluding investment gains, to $6.45 per share. WellPoint earned $739 million during the three months ended Sept. 30, a 1-percent gain over the same quarter a year ago. The profits were driven by lower-than-expected claims expenses and lower administrative costs. Profits per share totaled $1.84. But excluding investment gains of 10 cents, the company would have earned $1.74 per share, a slight decrease from the $1.78 per share it earned a year ago. Analysts were expecting profit of $1.57 per share, according to a survey by Thomson Reuters. Quarterly revenue of $14.6 billion also edged analysts’ expectations, even though it fell 5 percent from the same quarter last year.

A swing in investment results boosted CNO Financial Group Inc.'s third-quarter profits, even as accounting charges depressed the performance of its underlying insurance businesses. The Carmel-based life and health insurer's investment losses and special charges from a year ago turned into slight investment gains this year, allowing it to boost third-quarter profit by 221 percent to $49.4 million. Profit per share was 17 cents, compared with 8 cents in the same quarter a year ago. Excluding charges, the company recorded operating income of 16 cents per share. On that basis, Wall Street analysts surveyed by Thomson Reuters were expecting 15 cents per share. Revenue for the three months ended Sept. 30 fell 6 percent to $1.05 billion.

State ATC chief steps down

Gov. Mitch Daniels has accepted the resignation of Indiana Alcohol & Tobacco Commission Chairman P. Thomas Snow.

Fire destroys barn, cars

An overnight fire in Fishers destroyed a barn and three vehicles. The blaze broke out shortly before 3 a.m. in the 8800 block of Birch Street, between Lantern Road and Interstate 69. No one was injured. Firefighters were able to keep the fire from spreading to a nearby home. Investigators believe discarded grill ashes started the fire.

Fire displaces 30 apartment dwellers

A fire damaged an Indianapolis apartment building early Tuesday morning, displacing 30 people from their homes. The fire heavily damaged the 12-unit building, causing an estimated $550,000 in damage. The occupants of the building are primarily Burmese and an interpreter had to be found to help rescue workers provide assistance. Fire investigators think the blaze originated in an outside utility closet.

Man charged with murder of Carmel teen

Louisville police have made an arrest in the case of Andrew Compton, a Carmel teenager who has been missing since Oct. 28. Police say Gregory M. O'Bryan, 40, murdered the Sullivan University student and abused his corpse. Police say the two met online.