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Creditors: General Growth biased toward Brookfield proposal

General Growth Properties Inc. may favor a risky bid from Brookfield Asset Management Inc. because of that company’s
agreement with William Ackman’s Pershing Square Capital Management LP, creditors said in court documents. Simon Property
Group also has bid to acquire the bankrupt company.

Ethics bill gets final legislative approval

The most sweeping bill in years to tighten Indiana ethics and lobbying rules goes to Gov. Mitch Daniels for his likely signature
into law after a 97-0 vote.

IU cancer center names new director

Dr. Patrick J. Loehrer Sr. replaces Dr. Stephen D. Williams, the center’s founding director, who died of cancer in February
2009.

Docs get short reprieve from Medicare cuts

Doctors dodged yet another bullet last night as the U.S. Senate agreed to delay a scheduled 21-percent cut in Medicare payments
to physicians. But their relief will be short-lived.

People

Dr. Judy Monroe will end a five-year run as Indiana state commissioner of health on March 8. She will become
deputy director of the U.S. Centers for Disease Control and Prevention, overseeing communication between federal and state
public health agencies. Until Gov. Mitch Daniels names a replacement, Monroe’s deputy, Loren Robertson, will fill her
shoes.

Community Heart and Vascular, a unit of Community Health Network, named Kevin Fowler chief financial officer.
Fowler, who earned his MBA at Indiana State University, has been the CFO at Lubbock Heart Hospital in Texas since 2007.

Community Heart and Vascular hired two electrophysiologists, Dr. Chad Bonhomme and Dr. Krishna Malineni,
along with Dr. Shalabh Singhal, an invasive cardiologist. The unit of Community Health Network has now hired
eight physicians in the past year.

OrthoWorx, a Warsaw-based group focused on advancing the city’s orthopedics implant industry, named Cheryl
Blanchard as its chairperson. Blanchard is chief scientific officer at Warsaw-based Zimmer Holdings Inc.

Bloomington-based Cook Pharmica promoted Veda Walcott to be its vice president of quality and corporate
compliance officer. Walcott has worked for Cook Pharmica since 2005 after stints at Cook Medical and Baxter BioPharma Solutions.

Dr. Richard Aina, an internist who focuses on chronic diseases, has joined St. Vincent Physician Network
in Indianapolis. Aina received his medical degree from the University of Illinois College of Medicine in Champaign, Ill.

Duane M. Schmitz, a former executive at Eli Lilly and Co., has joined Indianapolis-based Harrison College
as president of its online division. Nearly half of the for-profit school’s students take at least one course online.

 

Company news

Call it California screamin.’ Indianapolis-based WellPoint Inc. continues to get a steady flow of
bad news coming from the Golden State, which is feeding problems for the health insurer in Washington, D.C. WellPoint CEO
Angela Braly gave an unapologetic defense last week before a congressional committee about her company’s 25-percent
premium hike on individual customers in California. But the next day, California Attorney General Jerry Brown subpoaned documents
from WellPoint and its insurance peers in an investigation into whether their premium increases and claims denials were illegal.
According to Bloomberg News, the investigation was undertaken in response to reports that California insurance providers deny
almost 40 percent of claims. Then on Monday, a consumer watchdog group sued WellPoint for pushing consumers to take coverage
with fewer benefits and higher deductibles, which the lawsuit says violates California law, according to the Associated Press.
On Thursday, President Obama’s top health official, Kathleen Sebelius, wants to see WellPoint and its rivals in her
office to explain their premium hikes. Heavy media attention on premium hikes in states across the country has revived Obama’s
health reform efforts, which WellPoint has opposed since last fall. The only good news for WellPoint came on Wall Street,
where investors are pleased the company is raising its prices faster than medical costs are escalating. WellPoint’s
stock price surged 6 percent last week alone.

The Indiana University Melvin and Bren Simon Cancer Center has named a replacement for former director Stephen
Williams, who died of cancer in February 2009. The center chose Dr. Patrick J. Loehrer Sr., who joined the IU faculty in 1990,
and also will serve as associate dean for cancer research and hold the title HH Gregg Professor of Oncology at the IU School
of Medicine. Loehrer is an internationally recognized researcher and specialist in testicular cancer, gastrointestinal cancer,
and thymoma. His appointment must be approved by university trustes.

Indianapolis-based PDS Biotechnology Corp. won a $1.28 million grant from the National Cancer Institute
to help it complete preclinical testing of an experimental drug aimed at curing infections and cancers caused by human papillomavirus.
The most common cancers caused by the virus are cervical, anal and head and neck cancers. PDS said 400 million people have
the virus, and no existing vaccines offer a cure.

The University of Notre Dame licensed technology developed by one of its professors to Pennsylvania-based
Molecular Targeting Technologies Inc. Financial terms of the deal were not disclosed. The technology, developed by chemistry
prof Bradley Smith, can target dead or dying cells in humans or in bacteria clusters. Such selective sensing could help researchers
see more clearly the effects of treatments on cancers or bacterial infections.

To attack costs, Lilly accelerates R&D

With President Barack Obama looking to squeeze a bit more revenue out of the pharmaceutical industry, the stakes just keep
getting higher for Eli Lilly and Co.’s efforts to develop drugs faster and cheaper.

Murder suspect coming back to Indiana

A triple-murder suspect is on his way back from Texas to face charges in central Indiana. Barney Chamorro, 19, waived extradition
Monday at a hearing in Texas. He’s suspected of stabbing his twin brother, his father and his father's girlfriend
to death last Thursday night in Whitestown. Texas Rangers caught up with Chamorro after he used a credit card in Odessa, Texas.
They found him sleeping in a stolen truck at a highway rest stop.

No foul play found in baby’s death

Toxicology reports show a 4-month old baby found dead at a Bloomington day care center in January apparently died from natural
causes. A worker checking on Judah Welk found he was not breathing and called 911. Judah probably died from sudden infant
death syndrome, according to the Monroe County chief deputy prosecutor. Wanda Ewing, the owner of the center and her two adult
sons were arrested after the incident for unrelated crimes. No charges in connection with Judah’s death will be filed
against Ewing.

Girl, 11, reports attempted abduction

Indianapolis police are searching for two men accused of trying to abduct an 11-year-old girl Tuesday morning. The girl said
she was waiting for the school bus near the Oaktree Apartments on Post Road near Pinehurst Drive just before 7 a.m. when a
dark van with two men inside approached her. The men yelled for her to get into the van, but she refused and used her cell
phone to call 911. She described the driver as a black man with twisties in his hair, and the passenger as a Hispanic man
with a gold tooth. Fox59 will have more at 4 p.m.