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CNO Financial profits surge 20 percent, beating expectations

The Carmel-based life and health insurer earned $33.1 million in the three months ended June 30, or 12 cents per diluted share.
Excluding losses on investments and retired debt, the company would have earned 16 cents per share.

People

Hendricks Regional Health added three physicians. Dr. Brad A. Prather, an orthopedic surgeon specializing
in total joint replacements, joined Hendricks Orthopedics and Sports Medicine. Also, Dr. Anna Gilley and
Dr. Shawn Fenoughty joined the Danville-based hospital’s pediatric hospitalist team.

Dr. Federico Richter, a family physician, joined Eastside Medical Center, which is part of Community Physicians
of Indiana, a subsidiary of Indianapolis-based hospital system Community Health Network.
 

Company news

With Eli Lilly, Roche Diagnostics and other large life sciences companies shedding jobs, Indiana needs small
life sciences startups to fill the void. To help such companies, two former Lilly employees are starting an institutional
review board that will help small companies launch clinical trials of their innovative technologies. Pearl IRB,
based in Indianapolis, is run by Lilly alumnae Diana Caldwell and Gretchen Miller Bowker. It is, according to the Indiana
Health Industry Forum, the first commercial institutional review board in the state. That’s significant because such
boards must approve clinical trials before such research on humans can begin. Typically, universities and large hospitals
have institutional review boards, but they are not normally available for researchers not affiliated in some way with those
institutions.

Iraq war veteran Nate Richardson is now using his battlefield experience to launch his own business. His company, Anderson-based
Coeus Technology, developed an antimicrobial liquid it says can be added to military uniforms and equipment
to make them resistant to germs for longer periods of time than current products. The U.S. Army Material Command is currently
testing Coeus’ MonoFoil Technology for its use. But Coeus is also pursuing sales of MonoFoil to civilian users, such
as hospitals and schools. Coeus opened a year ago in Anderson’s Flagship Enterprise Center. It plans to add packing,
filling and research facilities in the next two years, creating 30 to 50 jobs by 2012.

A team of researchers at Purdue University say they’ve found a new marker for prostate cancer that
could replace the prostate-specific antigen (PSA) that is now the leading indicator for the disease. Purdue chemist Graham
Cooks and Purdue oncologist Timothy Ratliff led the team, which found that the compound cholesterol sulfate occurs in prostate
cancer tumors but not in healthy prostate tissue. That stark difference could prove better than PSA, which sometimes appears
at elevated levels in prostates that are inflamed or enlarged, but not cancerous.

The California-based Howard Hughes Medical Institute has awarded $364,000 to more than double Indiana University’s
repository of fruit flies, which have served as the basis of most genetic research for the past century. The Bloomington Drosophila
Stock Center houses 30,000 fruit fly strains and helps develop scientific tools that are used to design new fly strains. The
new grant will allow the stock center to expand to as many as 70,000 fruit fly variants. When the stock center moved from
the California Institute of Technology to Indiana University 25 year ago, it was home to only 1,675 strains.

Indianapolis-based Dow AgroSciences posted a profit of $196 million, up from $140 million in the same quarter
last year, according to Bloomberg News. Second-quarter revenue increased 4 percent, to $1.3 billion, for the unit of Michigan-based
Dow Chemical Co. Company officials credited increased sales for Dow AgroSciences’ herbicides, including some new products,
in spite of weather-related delays.

Q&A

Dr. Michael Meneghini, 37, became the first orthopedic surgeon at the Indiana Clinic when he joined last
month. Until two years ago, he worked mainly at St. Vincent hospitals. After a two-year stint at the University of Connecticut
Health Center, Meneghini returned to Indianapolis to be near family.

Analyst: Arcadia sales poised to take off

Arcadia Resources’ DailyMed business will grow revenue 10-fold in the next three years and push the Indianapolis-based
company into profitability, according to a research report by the first analyst to officially cover the company.

Seven cab companies denied licenses

The city of Indianapolis’ Department of Code Enforcement rejected the applications largely because the companies didn’t have
a dispatch facility or didn’t have employees to staff a facility.

Church official faces ‘baiting’ charges

Investigators are considering pressing charges against James Harrington, an official with Mount Vernon Community Baptist Church,
for allegedly baiting a white officer to see how he would respond to two African-American men fighting. Police Sgt. Matthew
Grimes was hurt in the incident, which took place July 24 at the Municipal Gardens public recreation facility on the near-north
side of Indianapolis. He injured his back while trying to break up the staged fight.

Boat driver faces charges in fatal crash

Monroe County prosecutors said they are filing three felony counts against a 19-year-old Bloomington man who was driving the
ski boat in the June 28 crash that killed two people on Lake Monroe. The accident killed occupants of another boat, 51-year-old
Susan Collier and her 8-year-old grandson, Gage Pruitt. Investigators say both drivers were likely at fault in causing the
accident, but Winston Wood is in trouble for leaving the scene of the accident.

Two dead, six wounded in shooting

A masked man armed with an assault-style rifle fired dozens of shots on a birthday party at a house on West 32nd Street early
Tuesday, killing two people and wounding six before fleeing, police said. About 30 people were attending the birthday barbecue
when the shooting happened shortly after midnight, police said. Killed were Barbara Johnson, 37, and Charles Mays, 54. The
wounded were taken to the hospital in stable condition. Fox59 will have more at 4 p.m.

Former commerce chief lands at local company

Nate Feltman, former state secretary of commerce, has left his partnership position at Baker & Daniels LLP to become president
of Home Health Depot LLP, a
growing home-medical-equipment supplier.

Consumer spending, personal incomes stagnant

Personal spending was unchanged in June, the Commerce Department reported Tuesday. It was the third straight month of lackluster
consumer demand. Incomes were also flat, the weakest showing in nine months.

WellPoint, peers focus on health reform rules, campaign

WellPoint Inc., UnitedHealth Group Inc. and three other health insurers, criticized by Democrats during the health care reform
debate, are seeking to influence how the new law will be implemented, and possibly change it, by campaigning for supportive
congressional candidates.