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IU hits license jackpot; Purdue royalties surge

Indiana University had a license or two to print money from the commercialization of its technology over the last year—and did it ever. While Purdue University didn’t collect as much in royalties from commercialization, it pulled down record levels of research grants.

Company news

Fewer than half of the physicians who received $1 million or more in consulting fees from orthopedic implant makers—including Warsaw’s Zimmer, Depuy Orthopaedics and Biomet—disclosed the financial ties in subsequent articles they wrote about the industry. That’s the finding of a study published this month in the Archives of Internal Medicine, according to a Bloomberg News report. The study authors focused on 40 orthopedic surgeon researchers who each received more than $1 million from a single orthopedic implant company in 2007. Those doctors published 95 articles related to the companies in 2008, the year following their payments, including studies, reviews and analyses designed to influence the future of patient care, according to the report. Just 44 of their articles disclosed the industry payments at all, and most of those that did merely stated that the author had receive more than $10,000 from the company. In all, five orthopedics companies made 985 payments to doctors for a total of $184 million in 2007 for consulting services, honoraria or assistance related to hip- and knee-replacement and reconstruction, with an average payment of $187,000.

Rose-Hulman Institute of Technology has received a three-year, $335,309 grant from the National Science Foundation to expand undergraduate research projects in orthopedics. The governmental agency hopes research by engineering students leads to improved, cost effective designs for knee and hip implants. The projects are being conducted through a partnership with Rose-Hulman’s department of applied biology and biomedical engineering and the Joint Replacement Surgeons of Indiana Research Foundation based at the Center for Hip & Knee Surgery in Mooresville.

Biosciences Vaccines Inc., a firm trying to improve vaccines against infectious diseases and cancers, has moved its offices from South Bend to the Purdue Research Park of West Lafayette. Biosciences Vaccines adds its extracellular matrix technology to vaccines to make them work more effectively and at a reduced cost. The technology was licensed from Cook Biotech Inc., which is also based in the Purdue Research Park. Biosciences Vaccines was launched last year and received a $400,000 investment from the Indiana Seed Fund, which is managed by Indianapolis-based BioCrossroads, a life sciences business-development group.

Union cancels Marsh vote planned for Friday

The local grocery workers union has pulled its request for an election at Marsh's supermarket in Beech Grove, saying recent events cast a pall over the vote that was scheduled for Friday.

Brightpoint replaces director hired to lead Six Flags

Brightpoint Inc. said board member James W.P. Reid-Anderson has resigned after being selected last week to become chairman, president and CEO of amusement park operator Six Flags Entertainment Corp.

People

Meritain Health named Kari Niblack vice president of client relations for the Indiana and Kentucky regions. Prior to joining Meritain Health, which is based in Buffalo, N.Y. but has offices in Indianapolis and Evansville, Niblack served as chief human resources officer for Indiana Health Centers Inc. Niblack is also an adjunct professor at Indiana University’s Kelley School of Business.

Lilly discovers social media

Eli Lilly and Co. launched its own blog this month, dubbed LillyPad, to try to start discussions about public policy and corporate social responsibility. The Indianapolis-based drugmaker also launched an accompanying Twitter feed.

Building binge hasn’t crimped hospital profits

Indianapolis-area hospitals spent billions on construction in the past decade and increasingly tried to poach patients from one another’s territories. Yet last year—one of the worst economically in recent history—21 of 26 hospitals still were able to show operating profits.

Indiana leads charge on electric cars

In Indianapolis, it looks like the electric car is much closer to rounding the corner, with Energy Systems Network’s recent announcement that the partnership is launching a pilot project that will, it seems, make electric commutes a reality here and eventually across the United States.

Praise for Maurer columns

I am enjoying [Mickey Maurer’s] articles in IBJ about the essential principles of entrepreneurship. They are very worthwhile and well-written.

Maurer ‘walks the talk’

Re: Mickey Maurer’s Sept. 6 article, “Kindness is a measure of success,” my experiences with him show he “walks the talk.”

Biglari Holdings not worth covering

I find the continued press coverage about Steak-n-Shake and Biglari Holdings to be irrelevant to our community and a waste of IBJ’s valuable resources.

Meter deal is a bad idea

I read with interest [Cory Schouten’s] article in the Aug. 30 IBJ, “City vendor may get $1.2B,” detailing aspects of the city’s proposed deal to privatize the city’s parking meters.

GARNER: Multifamily housing is not the enemy

It would be easy to blame the economy for our blighted urban neighborhoods. True, these tough economic times have led to more vacant and foreclosed houses than we can count. But the key to revitalizing a neighborhood stretches far beyond boarded-up houses.