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Company news

Diagnotes Inc., an Indianapolis-based health IT company, announced today that it has closed on $1 million in funding from life sciences and early-stage growth company investors. The investment group was led by Indiana University’s Innovate Indiana Fund and includes BioCrossroads’ Indiana Seed Fund II, Stepstone Angels and other investors. The funding will help Diagnotes commercialize its communication system for on-call health care providers. The Diagnotes system allows providers and patients to connect with on-call doctors and nurses while delivering key patient information from the electronic health record to the point of care.

Endocyte Inc. recorded $14.5 million in revenue during the first quarter and a loss of $3.9 million, or 11 cents per share. The West Lafayette-based drug development firm is still working with European regulators to win approval to launch its first drug, vintafolide. The drug, targeted for drug-resistant ovarian cancer, would be commercialized with New Jersey-based Merck & Co. Inc. Merck’s payment last year of $120 million is Endocyte’s sole source of revenue. The company’s cash pile declined during the first quarter from $201.4 million to $185.9 million. Endocyte officials reaffirmed their predictions that the company will have cash and cash equivalents between $145 million and $160 million at the end of 2013.

Franciscan St. Francis Health has partnered with WhatNext.com, a Carmel-based online support network that matches up cancer patients according to their diagnosis, stage and age. More than 10,000 Americans have registered to use WhatNext.com, including 400 patients in Indiana. “People are trying to make sense of a whole universe of new and staggering volume of medical information at the same time they are trying to figure out what’s next and to stay emotionally strong,” said David Wasilewski, who launched WhatNext.com in September 2011. “Our site helps patients benefit from those who have been there.”

Lilly taking hard look at Pfizer’s new Viagra strategy

Major drugmakers, including Indianapolis-based Eli Lilly and Co., are closely watching Pfizer Inc.’s plan to sell Viagra directly to consumers. The bold move blows up the drug industry’s distribution model.

People

Indiana University Health has named Dennis Murphy chief operating officer of its hospital system. Murphy will come to IU Health on July 22 from Northwestern Memorial HealthCare in Chicago, where he has most recently been chief operating officer. Murphy holds a bachelor’s degree from the University of Notre Dame and a master's degree in health care administration from Duke University.

Dr. Suzanne Grannan, a pediatrician, has joined Community Physician Network, which is part of the Community Health Network hospital system. She holds a medical degree from the Indiana University School of Medicine.

Dr. Justin Hollen, a family physician, has joined Community Physician Network. He completed his medical degree at Ross University School of Medicine in New Jersey.

ISTEP troubles show test considered too big to fail

Beyond the obvious and critical role it plays in determining how children advance in school, the test has more recently become a barometer for whether teachers get pay increases and whether schools are making the grade.

Former Gov. Bowen dies

Otis R. Bowen, a small-town family doctor who overhauled Indiana's tax system as governor before helping promote safe sex practices in the early years of AIDS as the top federal health official under President Ronald Reagan, died Saturday. He was 95.

Assets of attorney in fraud case have gone missing, feds say

After being charged with defrauding clients, Indianapolis attorney William Conour was ordered not to dispose of his personal property. But much of it is now missing, including art, furniture, sports memorabilia and bottles of expensive champagne, according to court filings.

Extra security set for Indianapolis mini-marathon

The expected 35,000 runners and walkers have been told not to have backpacks or duffel bags, and to bring personal items only in the white plastic bags they received at their registration pickup in the days before the race.

Man seriously hurt in hit-and-run

Police are requesting the public’s help in locating a hit-and-run driver after a man was seriously injured while crossing East Morris Street, near South Meridian Street, just before 6 p.m. Wednesday. David Heady, 46, was hospitalized with severe leg injuries and road rash after being hit by a vehicle described as a green 1990s BMW 3 Series traveling east on Morris. Police say the vehicle likely has damage to the front driver’s side.
 

Fire displaces five residents

A large century-old house in Southport that had been subdivided into five apartments suffered heavy fire damage Friday morning. Five residents escaped the blaze, which broke out about 3 a.m. in the 100 block of South Street, near East Southport Road and Madison Avenue. Firefighters battled flames for more than an hour and called in extra companies for assistance. One resident was taken to St. Francis Hospital for treatment of smoke inhalation and a firefighter was checked out at Methodist.
 

Two men found dead in car

The bodies of two men who had been shot to death were found Thursday evening inside a car in a strip-mall parking lot in Lawrence. Police did not identify the victims, but said they were in their 20s and had been shot multiple times. They were found near 42nd Street and Franklin Road. One victim was in the front seat and the other was in the back. Investigators are reviewing surveillance tapes from nearby businesses.
 

Stocks soar to all-time high on employment news

A stronger-than-expected pickup in hiring last month lifted the stock market early Friday, pushing the Dow Jones industrial average above 15,000 and the Standard and Poor's 500 index above 1,600 points for the first time.