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According to a statement released Tuesday afternoon, the Big Ten Council of Presidents/Chancellors “believes that the timing
is right for the conference to once again conduct a thorough evaluation of options for conference structure and expansion.”
A new revenue forecast predicts Indiana state government will take in $1.8 billion less during the current two-year budget
cycle than what lawmakers thought based on May projections.
Carmel-based Dormir Inc. acquired a string of sleep-study centers and equipment stores in California,
Oregon and Utah, making it the nation’s second-largest provider of sleep-diagnostic services in the country behind SleepMed
Inc., headquartered in Columbia, S.C. The sleep centers and equipment stores were part of two subsidiaries of Australia-based
Avastra Sleep Centres Ltd. They give Dormir 85 locations in 16 states. Financial terms of the deal were
not disclosed.
Eli Lilly and Co. said it won approval for a new long-acting
version of its bestselling antipsychotic Zyprexa. The new version has patents that could extend until
2018. Investors have shunned Lilly’s stock this year because they say Indianapolis-based Lilly does not have enough new
drugs to offset the loss of Zyprexa revenue that will occur after the drug loses its patents in 2011. Lilly issued a forecast
for 2012-2014 that suggested its profits could fall by as much as one-third from their present levels.
Lilly
Endowment Inc. will give $60 million to the Indiana University School of Medicine
to implement its new Indiana Physician Scientist Initiative that aims to turn discoveries that could
improve human health into products and treatments that benefit patients and produce new businesses. Dr. David Wilkes,
executive associate dean for research affairs at the IU School of Medicine, will direct the Indiana Physician Scientist Initiative.
Its biggest goal is to recruit 20 physician-scientists to the IU med school to focus on cancer, neurosciences and diabetes/vascular
disease.
Scientists have made chemotherapy drugs better at reducing side effects by engineering them to bind only
to cancerous cells. But researchers at Purdue University are taking an entirely different approach. They
used cold and magnetic particles to create nanorods—about 1,000 times smaller than a human hair. They then coated these
rods with the breast cancer drug Herceptin and inserted them into breast tumors. Professor Joseph Irudayaraj and graduate
student Jiji Chen wrote about their work in the journal ACS Nano.
The Eli Lilly and Co. Foundation
gave $1 million to Indiana University to form a school of public health at IUPUI. Indiana University will
build the school using faculty from its medical school and the School of Public and Environmental Affairs.
Two Fort Wayne consulting firms are joining forces in an attempt to do more work for financially
strapped doctors and hospitals. MedOptima and Ruffolo Benson LLC now
offer expertise in improving billing and other processes, as well as finding capital.
In the
latest combination of fitness and physicians, St. Vincent Health has opened
a rehab therapy clinic at the Fishers YMCA. The 3,900-square-foot clinic will offer
orthopedic, neurological and general rehab care. The first local example of such a partnership is the Westview Healthplex
Sports Club on Guion Road operated by Westview Hospital. Also, Hendricks Regional Health
is working with YMCA to build a joint facility in Avon.
B&D Consulting, a Washington-based lobbying arm of Indianapolis law firm Baker & Daniels LLP, acquired the consulting
practice of Dr. Tim Franson, who will now lead the B&D Consulting regulatory affairs
practice.
Richard Helsper became chief operating officer at Muncie-based
Ball Memorial Hospital, a subsidiary of Clarian Health, on Dec. 1. Helsper joined Clarian in 2003 and
has worked to improve operations at the Midwest Proton Radiotherapy Institute in Bloomington, Clarian
Arnett Hospital in Lafayette and at Ball Memorial.
A symphonic take on the six-film cycle highlighted the strengths and weaknesses of George Lucas’ epic vision.
Polls show public likes proposed Medicare expansion and public option, but does not like overall Senate bill.
Mathematica Policy Research, which last studied Indiana in 2004, will now examine Healthy Indiana Plan.
The new INext fund is the successor to the $73 million Indiana Future Fund, which the life science initiative raised in 2003.
Nancy Guyott is the first woman to be president of the Indiana AFL-CIO.
As the horse-trading focuses on a Medicare expansion and public option—both of which appear to be on the way out—a
rhetorical battle is raging on whether ObamaCare health care reform will help or hike costs.
Belt tightening for the Indianapolis Motor Speedway and Indy Racing League continues with the much-anticipated announcement
that the Brickyard’s "month of May" activities will be shortened in 2010.
The Steak n Shake Co.’s unusual plan to initiate a reverse stock split has the support of at least one local investment
adviser,
if in fact the company’s CEO is attempting to model it after Warren Buffett’s holding company, Berkshire Hathaway.
Its education focus just might make the endowment more of a jobs engine than the Indiana Economic Development Corp.
Police are still on the lookout for two gunmen who tried to rob an Indianapolis jewelry store Monday and threatened to kill
those inside. Employees at the Jewelry Doctor in the 8500 block of East Washington Street say the men forced them and a customer
to the floor, grabbed jewelry and about $2,500. That’s when another employee started firing from the back of the store with
a shotgun. The shots caused the gunmen to flee the scene. No one was hurt.
Arson investigators are trying to figure out what started a fire at the abandoned Indy East Motel in the 5800 block of East
Washington Street early Tuesday morning. When they arrived on the scene, crews found a burning mattress in one of the hallways
and fast-spreading flames. The fire was contained in just a short time. There were no reports of injuries.
Executives from BC Forward, Indianapolis’ largest computer consulting firm, said Tuesday the company will get even bigger,
with the addition of 200 jobs by 2012.
The Anderson School Board will make a major decision Tuesday night. Board members hope to address the district’s deficit by
either consolidating high schools and creating a separate middle school, or establishing two schools housing Grades 7-12.
Debate over the two options has divided the community, and four of seven board members said they aren’t sure how they will
vote. Fox59 will have more at 10 p.m.
The commercial area at 71st Street and Binford Boulevard is recovering from its funk, but a true transformation hinges on
implementing a master plan.
The company attributed its losses to the ongoing global recession and the credit crunch that has made it difficult for businesses
to obtain financing to purchase Hurco’s products.
Cummins Engine Co. will idle 195 workers at its fuel systems plant in Columbus; another 22 workers will take voluntary leave.
