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More Indiana students enroll in dual credit classes

More than 21,000 Indiana high school students earned college credits through Ivy Tech Community College
last year, marking
a growing trend officials say saved parents more than $10 million in tuition bills.

Classroom

People

Dr. Daniel Kraft has joined Riley Hospital for Children to oversee Riley’s new sports medicine program
for young athletes. Kraft most recently served as the founder and director of the Youth Sports Medicine Institute at Methodist
Sports Medicine—The Orthopedic Specialists. Both Riley and Methodist are owned by Indianapolis-based Clarian Health.

Dr. Jennifer Eikenberry and Dr. Amy M. Waddell have joined the Eugene and Marilyn Glick
Eye Institute at the Indiana University School of Medicine. Eikenberry will see patients at the University Hospital clinic.
Waddell will see patients at the Wishard Memorial Hospital clinic. Both were residents in the IU medical school’s department
of ophthalmology.

Catherine A. Clements has joined the health and life sciences practice group at Baker & Daniels LLP.
Clements earned her law degree in 2009 from Indiana University in Bloomington. Before that, she helped develop clinical trials
at Eli Lilly and Co. and the Roudebush Veterans Affairs Medical Center in Indianapolis.

Lilly woes take notch out of debt rating

Even with debt levels at Eli Lilly and Co. at paltry lows, a string of bad news finally forced Standard & Poor’s
to lower
its rating on the company’s senior unsecured debt. But the New York-based agency said it believes the Indianapolis-based
drugmaker will eventually break its string of bad luck on developing new products.

Company news

Roche Diagnostics agreed to pay $100 million to acquire California-based BioImagene Inc., a maker of tissue-based
cancer diagnostic equipment, according to Reuters. Such diagnostic tools are becoming increasingly important to identify the
small groups of patients who are the targets of new cancer drugs aimed at specific genetic profiles. Switzerland-based Roche
also has a pharmaceutical business and is the world’s largest maker of cancer drugs. The company’s U.S. diagnostic
business is headquartered in Indianapolis, though its tissue diagnostics is concentrated in Arizona.

Drug developer Endocyte Inc. has raised more than $100 million in private investment and grant funding,
so it’s now going to test the public markets. The company, headquartered at Purdue University Park in West Lafayette,
filed last week for an initial public offering. Endocyte has a pipeline of drugs in development for the treatment of various
cancers and inflammatory diseases, including six drugs in clinical trials. Endocyte’s IPO is the third announced so
far this year in Indiana. Fort Wayne-based Vera Bradley Inc., a handbag maker, filed plans last month to raise $175 million.
Evansville-based UCI International, a supplier of replacement parts for the light- and heavy-duty vehicle aftermarket, said
in July it plans to raise $200 million. Nationally, the IPO market looks to be improving. So far this year 170 have been filed,
topping the 119 filed in 2009 and the 153 in 2008.

Indiana is getting a $1 million federal grant to improve monitoring of health insurance premiums and develop a website to
help consumers, according to the Associated Press. The grant awarded by the U.S. Department of Health and Human Services is
part of the federal health reform bill. The Indiana Department of Insurance will use the money to hire actuaries to help it
review proposed premium increases. It also will develop a website on which consumers can review rate filings and post comments.
Filings currently are only available in paper form upon request.

Health costs surge despite weak inflation

Ben Bernanke may be worried about deflation in the economy, but there’s certainly no chance of it in health care and
insurance. Employers’ health plan premiums surged another 8 percent this year, according to results from a massive survey
by Indianapolis-based United Benefit Advisors.

Robberies strike Waffle Houses

Lawrence police are investigating a possible connection in two armed robberies at separate Waffle House restaurants in Indianapolis.
A man armed with a handgun stole the cash register at the Waffle House at 7290 Pendleton Pike about 1:30 a.m. Tuesday. Officers
stopped a black Ford Taurus that may have been used as the getaway car, but did not find the man matching the robber’s
description. Police wonder whether the crime is related to Monday’s robbery of a Waffle House near East 21st Street
and Post Road.

Rathskeller reopens after crane accident

The Rathskeller restaurant in downtown Indianapolis has reopened a day after a 30-ton crane collapsed on its patio, setting
off the sprinkler system. Water damaged parts of the building, but the manager said workers have been able to clean up the
mess. It's still unclear when the YMCA at the historic Athenaeum would reopen. That part of the building suffered structural
and water damage.

Straub: No intention of resigning

Indianapolis Public Safety Director Frank Straub said Tuesday morning that he has no intention of resigning. Straub said the
department will get through the current turmoil brought on by several high-profile cases involving police misconduct or mistakes.
Over the weekend, Straub announced the demotion of three high-ranking police officers, citing lack of leadership in the botched
investigation of officer David Bisard. Members of the Baptist Alliance called for Straub’s resignation at Monday night's
City-County Council meeting. Fox59 will have more at 4 p.m.

Noble expands into eastern Indiana

Provider of employment services for people with disabilities expands services to six more counties in an effort to grow revenue.

ExactTarget acquires Australian distributor

E-mail marketing firm’s purchase of mPath gives company a presence in Australia, New Zealand and Asia. The acquisition is
the third for ExactTarget in the past year.

Couple makes home in Ulen mansion built by town’s founder

The talk of the town back in 1929, the Mediterranean-style house at 118 Ulen Blvd. is now simply home for husband and wife
Gary Katona and Jennifer Jones-Katona, former Indianapolis city dwellers who retreated to the quiet “town within a town”
15 years ago.