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VOICES FROM THE INDUSTRY: Life sciences patents still alive after Supreme decision

In late April, the U.S. Supreme Court decided an important case-KSR International v. Teleflex Inc.-that addressed the test for determining whether a patent is obvious and therefore invalid. As is often the case, the court’s opinion set off considerable speculation about how broadly it should be interpreted: Does it establish a broad, general principle? Is it creating a trend that patents are more likely to be found obvious in the future? Or is its significance limited to the patent in…

Benicorp halts new sales to fix system woes: Complaints, losses mount at local health insurer

Locally based Benicorp Insurance Co. stunned health benefits professionals this month by distributing a simple memo. The small provider of group health insurance and benefits administration services announced a moratorium on new business until the company resolved problems with a new claims-processing system. “It’s highly unusual,” said Sheri Alexander, manager of employee benefits at Gregory & Appel, an Indianapolis insurance brokerage. More than 180 complaints have been filed against Benicorp since Jan. 1, according to records at the Indiana Department…

NOTIONS: A property tax sigh of relief and a reform wish list

The nightstand clock reads 5:17. Too early to wake up. But hey, I’ve been tossing and turning for hours, so why lie here any longer, pretending? The cause for this night’s insomnia is money. Money for two kids starting college. Money to replace the Money to paint the house. Money for employees’ salaries. Money for employees’ parking. Money for employees’ retirement. Money for employees’ health insurance. Money for their families’ health insurance. Money to get the yellow highway paint off…

Startup drug firm lands veteran help: Immune Works, a fledgling firm with a promising lung drug, attracts former Indiana Health Industry Forum leader Lange

A startup firm using Indiana University medical research to treat a fatal lung disease is raising money for clinical trials and has recruited a prominent life sciences veteran to lead the effort. Michael Klemsz, an associate professor at the IU School of Medicine, and Dr. David Wilkes, director of the school’s Center for Immunobiology, founded Immune Works LLC in January 2006 along with Ronald Meeusen. Meeusen, a former Dow-AgroSciences researcher and BioCrossroads executive, served as a part-time president and CEO…

Scientific work experience gives attorneys a boost: Lab knowledge helpful in intellectual property work

At first thought, people might assume most attorneys have undergraduate degrees in political science or criminal justice. And while many do, those with backgrounds in engineering, chemistry, physics, and other sciences are being drawn more and more to law because of the growth of interest from businesses in intellectual property. Some IP attorneys decided to take the leap from working in the science world to the legal one, and those who did it say their time working in a lab…

Brugge Brasserie gastro-pub to produce line of 10 beers

Since mid-2005, Brugge Brasserie’s beer tanks have been operating at full capacity–pouring out 400 barrels of its signature
Belgian brew each year. Now the Broad Ripple gastro-pub is aiming higher. Brugge owner Ted Miller is set to start producing
a line of 10 bottled beers–plus seasonal specialties.

VOICES FROM THE INDUSTRY: For a healthier economy, we need healthier Hoosiers

Indiana needs a trip to the doctor-and a stern lecture when we get there. We’re among the nation’s unhealthiest states. More than one of every four Hoosiers is obese, and we rank among the 10 worst states for smoking and high cholesterol. The outcomes should come put more stress on the system and drive up prices and premiums for everyone. Gov. Daniels has signed a progressive bill that provides affordable health insurance with a medical savings account plan to Hoosiers…

Commentary CHRIS KATTERJOHN: Air rage: on runways, at gates, beyond

The summer of 2007 will likely go down in history as the Summer of Terror in the Skies. Well not exactly terror in the skies, more like terror in the skies as it relates to waiting at the gate area for your plane to arrive, as in sitting on the runway for two hours waiting for your plane to take off, as in wondering if you can possibly make your connecting flight now that your original flight is three hours…

ECONOMIC ANALYSIS: Band-Aid approaches won’t resolve property-tax fiasco

Well into my career as an economist, I used to have a recurring conversation with my now-departed father, who had wanted me to become a doctor. What would you have to do, he would say, if you decided today that you wanted to be an MD? Somehow, the list of actions I would tick off-quitting my job, taking several years of chemistry and biology, years of medical school and internships-never seemed to faze him, and he was always eager for…

BEHIND THE NEWS: How Finish Line outdueled its archrival to win Genesco

Finish Line Inc. and Foot Locker Inc. aren’t just in the same business; they’re bitter rivals. So you can bet Finish Line executives are savoring the fact that they outmaneuvered the New York company in the battle to buy Genesco Inc. To be sure, we’re a long way from knowing whether the deal Finish Line negotiated last month to purchase Tennessee-based Genesco for $1.5 billion in cash was a wise one for the Indianapolis-based company. Investors aren’t exactly slapping CEO…

PROFILE: Hillenburg Building Group Inc.: All in the family Firm diversified business to build new client base

Hillenburg Building Group Inc. All in the family Firm diversified business to build new client base When Willard Hillenburg started his home-building company in 1950, he knew sons Gary, Jerry and Larry would have the chance to learn the business at his side. Five decades later, the business is still a family affair. Now named Hillenburg Building Group to reflect its expansion from residential building to commercial and home remodeling, the Martinsville company is owned by Larry and his wife,…

Chase donating gifts it hopes will be noticed

Not-for-profits that banked on consistent support from the banker down the street can no longer count on a tip of the top
hat, thanks to ever-larger mergers among institutions that have changed the dynamic of their charitable giving.

VIEWPOINT: Art is good for business and the community

The Arts Council of Indianapolis and the Indianapolis Cultural Development Commission recently launched a campaign to encourage individuals and businesses to buy art from local artists. I couldn’t agree more with the message. In addition to the “Be Indypendent, Buy Indy Art” stickers you’ll no doubt see all over town soon, the campaign includes a Web site, www.beindypendent.org, with a downloadable “how to” guide, plus links to the Arts Council’s artist database that includes the work of more than 400…

Airport prepared to fly solo after departure of BAA

The Indianapolis Airport Authority’s management contract with British firm BAA unceremoniously expired July 15, and authority
officials taking the helm for the first time since 1995 say they’re confident they are prepared to continue to innovate as
they prepare to open a new terminal.

Indiana’s life sciences resources to be catalogued:

An idea fermenting for some time in the minds of several Indiana Health Industry Forum insiders has solidified into a plan to catalogue all life sciences-related resources across the state. The not-for-profit group, which promotes economic development in the health care and life sciences industries, will use the information to create strategies for communities, regions and the state to boost Indiana’s growth in the industry. Companies including Eli Lilly and Co., Roche Diagnostics and Zimmer Holdings have put the state…

BULLS & BEARS: Why diversifying may not accomplish what you think

What is the one thing nearly every investment adviser, financial planner or grandpa would tell you is the most important attribute of a solid portfolio? Diversify. In other words, don’t put your eggs in one basket-right? It makes perfect sense to any rational person and is almost a religion among some in the financial-planning community. Planners use fancy-schmancy software to “optimize” asset allocation and will plot your portfolio vs. “the efficient frontier” in order to fine-tune your risk and potential…

UPDATE: Gregg stock rises following IPO

Shares in Indianapolis-based appliance and electronics retailer hhgregg Inc. increased $1.09, or 8.4 percent, following its initial public offering this morning at $13. The IPO price was less than the $15 to $17 Gregg anticipated July 9. In announcing today’s IPO, Gregg didn’t discuss why it pared back the price. Today’s trading launched Gregg on […]

Boston Scientific to cut jobs after Guidant sales slump

Job cuts are on the way at Boston Scientific Corp. after the Boston company missed analysts’ profit estimates in part because of a 5.3-percent decline in sales of implantable defibrillators manufactured by Guidant Corp., the Indianapolis company that Boston Scientific acquired last year. Boston Scientific officials told analysts during a conference call this morning that […]

New use possible for Lilly’s Evista

Eli Lilly and Co. may have found a new use for its osteoporosis drug Evista, according to Bloomberg. The U.S. Food and Drug Administration said Evista reduced the risk of certain invasive breast cancers in post-menopausal women. However, studies from Indianapolis-based Lilly provided weaker support for Evista’s ability to help women at high risk of […]

Kite dangled $3 million carrot to gain support for retail project

Indianapolis developer Paul Kite Co. has offered the Highland Springs Homeowners Association in McCordsville more than $3 million to support Kite’s plans to build a retail center with a Target store nearby. The offer hasn’t been accepted. To get the money, association board members would have to testify in support of the 63-acre project, and […]