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Former IU tech-transfer chief: State isn’t competitive enough
Mark Long was president of the Indiana University Research & Technology Corp., which was responsible for the university’s tech transfer, before launching a consulting firm, Long Performance Advisors, in 2008.
BioCrossroads helping laid-off life sciences workers land safely
Indiana firms have dismissed more than 1,400 life science workers over the last two years. Now BioCrossroads has launched a website that aims to keep that talent in the state.
Secretary of state files complaint against teachers’ fund broker
David Karandos, a broker who advised the Indiana State Teachers Association Insurance Trust before it collapsed in 2009, is facing an administrative complaint from the Indiana Securities Division, which alleges 13 violations for unethical, dishonest and deceptive practices.
NCAA athletes improve overall graduation rates
The annual Graduation Success Rate shows 79 percent of all athletes entering college between 2000-01 and 2003-04 earned degrees within six years.
Hendricks County launches tourism campaign
Six months into a $750,000 plan to increase Hendricks County’s profile as a tourist destination, officials say group travel has doubled and hotel occupancy is up almost 3 percentage points—before an end-of-the-year push to get travelers to “Spend the Holidays in Hendricks County.”
Man found 3 days after accident
Authorities say a 40-year-old motorcyclist spent three days after a crash along a rural central Indiana highway unable to move before being spotted and rescued. Johnson County police say Raymond Lebo of Morgantown drove his motorcycle off Indiana 135 on a curve Saturday between Trafalgar and Morgantown. Lebo fell into a low area that couldn't be seen from the road. Lebo was taken to Methodist Hospital in Indianapolis, where he was listed in stable condition.
Man struck by train on west side
A man suffered severe injuries when he was hit by a train about 5 a.m. Wednesday morning near Lynhurst and Plainfield Avenue on the west side of Indianapolis. The man was taken to Wishard Hospital with significant injuries to his head and left foot. A CSX train conductor told police the man was lying on the tracks at the time he was struck. Police say they found alcohol on the man.
Fire damages real estate office
A massive fire on the west side of Indianapolis early Wednesday morning caused heavy damage to a Carpenter Realty office building. The cause of the blaze, which broke out in the 600 block of High School Road about 2 a.m., is still being determined. One firefighter suffered a minor injury and was taken to Methodist Hospital. About 40 people work at the location.
Former iSalus CEO sues tech firm for breach of contract
Mark A. Day is suing Indianapolis-based technology firm iSalus Healthcare, claiming he was dismissed without cause and is entitled to severance pay and benefits.
Danica still most popular, but competition fast approaching
While Danica Patrick continues her six-year reign as open-wheel's most popular driver, the engaging Pippa Mann could be the driver to knock her off that roost.
Farmland sales go flat in suburban Indianapolis
The real estate bust and a drought in transactions make values all but impossible to gauge.
Orders for capital goods fall as business spending cools
The report raises the risk that business investment, which had been contributing to a rebound from the worst recession in generations, will decelerate in coming months, underscoring the Federal Reserve’s concern that growth is too slow.
Celadon’s quarterly profit, revenue improve
The Indianapolis-based trucking company reported revenue of $140.3 million for the fiscal first quarter and profit of $4.4 million.
People
Community Health Network named Anne Murphy its vice president of government relations. Murphy, currently the secretary of the Family and Social Services Administration for the state of Indiana, will assume her new role in mid-November. Murphy holds a bachelor’s degree and a law degree from Indiana University in Bloomington.
Dr. Rosanna Sabini has joined Rehabilitation Hospital of Indiana as a physiatrist on the hospital’s traumatic-brain-injury team. Sabini comes from a fellowship at the University of Pittsburgh Medical Center. Sabini received her degree in osteopathic medicine from the New York College of Osteopathic Medicine.
Rhonda L. Anders, a registered nurse, has been appointed director of perioperative services for St. Francis Hospital & Health Centers’ Indianapolis and Beech Grove campuses. She was previously director of medical surgical nursing at St. Francis. Anders holds degrees from Indiana University and Indiana Wesleyan University.
Company news
IU Hospital soon will receive the catchy new name Indiana University Health University Hospital as part of Clarian Health’s 2011 name change to Indiana University Health. Clarian announced new names for all 17 of its hospitals on Tuesday, saying the names would change in early 2011. Methodist Hospital, for example, will be called Indiana University Health Methodist Hospital—at least inside the halls of Clarian’s offices. Outside it? That’s hard to say. The only hospital that won’t get the “IU Health” tag added before its name is Riley Hospital for Children, which will be known as Riley Hospital for Children at Indiana University Health.
A new estimate has lowered the expected cost of the federal health care overhaul to Indiana's state government to perhaps $2.6 billion over the next decade — $1 billion less than an initial projection made last spring, according to the Associated Press. Robert Damler of the Seattle-based actuarial consulting firm Milliman Inc. told the state's Medicaid oversight commission on Monday that new information provided by the federal government will drop the possible costs an additional $330 million. The firm in May had lowered its initial estimate to $2.9 billion. The latest change is because the Centers for Medicare and Medicaid Services in late September changed its interpretation of the law regarding a prescription rebate program. In spite of Democratic criticism, Damler declined to remove an estimated $600 million in costs from the report that could come as a result of increased physician reimbursements.
Analysts think Eli Lilly and Co. may try to acquire its partner, San Diego-based Amylin Pharmaceuticals Inc., or chase companies with more approved products to offset repeated setbacks in bringing its pipeline drugs to market, reported Bloomberg News. From Amylin, Indianapolis-based Lilly would gain full control of the diabetes drug Byetta and a longer-acting version called Bydureon that was delayed last week by U.S. regulators. Another option for Lilly would be to build on its painkiller products, such as Cymbalta, by acquiring Pennsylvania-based Cephalon Inc. or Newark, N.J.-based Endo Pharmaceuticals Inc. By 2013, Lilly loses patents on medicines responsible for nearly half its revenue.
Indianapolis-based Home Health Depot Inc. said on Thursday it has acquired the Home Health Care Products LLC subsidiary of Arcadia Resources Inc., also headquartered here. Terms of the deal were not disclosed. Home Health Care Products sells mobility tools, respiratory devices, bathroom-safety and home-modification products, as well as daily living aids. Home Health Depot was founded in 1998 and purchased by CEO David Hartley in 2004. It has grown from a single office in Greenwood to 12 locations in Indiana and Illinois—increasing annual revenue from $300,000 to more than $6.7 million. The company has more than 100 employees.
OrthoIndy opened a new branch of its Indiana Orthopaedic Hospital in Greenwood. It will serve as a practice location for 21 physicians. Outpatient surgeries will begin in spring 2011. The new location will effectively replace OrthoIndy’s offices at the St. Francis Indianapolis Hospital near Interstate 65 and Emerson Avenue. St. Francis has sued some of the doctors involved in the new OrthoIndy location for breach of contract.
Also this week
Broadway in Indianapolis presents the national tour of “Dreamgirls,” Nov. 2-7 at the Murat Theatre. Details here.
Gregory Hancock Dance Theatre opens its season with “Once Upon a Time in India,” Oct. 29-30 at the Pike Performing Arts Center. Details here.
Butler University’s Visiting Writers Series continues with novelist/short-story writer Lorrie Moore, Nov. 1 in the Krannert Room of Clowes Hall. Details here.
The Phoenix Theatre presents “My Name is Asher Lev,” adapted from the Chaim Potok novel, Oct. 28-Nov. 21. Details here.
Dennis Bingham, associate professor of English and director of film studies in the IU School of Liberal Arts at IUPUI and author of the book “Whose Lives Are They Anyway?” discusses “Lives or Lies? The Truth about Biopics,” Oct. 28 at the Indianapolis Museum of Art. Details here.
Guests at this year’s Guilded Leaf Book & Author Luncheon Oct. 28 at the Ritz Charles include author Roy Blount Jr. Details here.
Know No Stranger presents “Optical Popsicle II,” a program of “whimsical entertainments,” Oct. 29-30 at the Athenaeum. Details (and a very fun list of discounts—including one for wearing a turtleneck) here.
