Corporations champion FFA’s mission
The organization’s annual convention, which runs Wednesday through Saturday, attracted 375 exhibitors, an impressive number considering the tepid economy.
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UPDATE: Lilly, others see stock slide after drug rejection
Stock in Eli Lilly and Co., Amylin Pharmaceuticals Inc. and Alkermes Inc. dropped after they were rebuffed a second time in a bid to gain U.S. approval of a once-weekly version of the diabetes drug Byetta.
McAfee’s drunken swim no laughing matter for Colts brass
In a city where residents are hyper-sensitive to the misdeeds of high-paid athletes, Colts can't afford to let team's image erode.
M&I Bank names new Indiana president
Tim Massey, who has been head of commercial banking, replaces Reagan Rick, who was promoted to a regional management position.
City rolls out revised parking-meter deal
City would reap more cash in the long run and get more flexibility to alter the deal if necessary, but the controversial 50-year term of the contract remains.
Vera Bradley set to go public
The Fort Wayne-based company is scheduled to begin trading as a public company Wednesday morning. The estimated offering price is $14 to $16 each, although a Morningstar analyst predicts the IPO could bring as much as $18 a share.
Principal Financial shift to result in local layoffs
Financial giant Principal Financial Group Inc. is exiting the health insurance business, a move that will cost 60 Indianapolis workers their jobs.
Indiana couple accuses Bank of America of racketeering
Dwayne Ransom Davis and Melisa Davis accuse the lender of using “robo-signers,” people who sign affidavits attesting to facts underlying foreclosures without actual knowledge of those facts, to push through paperwork to take their home in Knightstown.
Purdue Tech Center expands by 12,000 square feet
A $2.2 million addition to the Purdue Technology Center is expected to help attract high-tech jobs to northwest Indiana.
FDA demands more tests on new Lilly diabetes drug
Eli Lilly and Co. will have to wait at least 18 months and conduct more studies before it wins market approval of a once-weekly version of diabetes drug Byetta, a potential billion-dollar drug.
People
Dr. Tamara Hannon has joined Riley Hospital for Children as a pediatric endocrinologist. Hannon is returning to her native Indiana from the Children’s Hospital of Pittsburgh and the University of Pittsburgh Medical Center.
Dr. Helmut Hanenberg has joined Riley Hospital for Children as a pediatric hematologist. Hanenberg, a native of Germany, focuses his research on inherited bone-marrow-failure syndromes and their link to hereditary cancers.
Company news
Clarian Health Plans will add rival Community Health Network to its list of providers approved for Clarian’s Medicare Advantage customers. Beginning Jan. 1, Clarian’s health plan customers are approved to see one of Community’s 700 physicians or receive care at one of its five Indianapolis-area hospitals. Clarian Health Plans, started in 2008 as a subsidiary of the Clarian Health hospital system, administers a Medicare Advantage plan in 32 Indiana counties.
Biomet Inc. narrowed its loss in the three months ended Aug. 31 as sales rose everywhere but in Europe. The Warsaw-based maker of orthopedic implants lost $18 million in its fiscal first quarter, down from a loss of $23 million in the same quarter a year ago. Excluding special accounting charges, the company would have turned a quarterly profit of $51 million, a 3-percent increase over the same quarter last year, when special charges also were excluded. Biomet’s total sales for the quarter rose 2 percent to $641 million, with a 5-percent advance in the United State and an 11-percent rise in international markets outside Europe. Sales in Europe fell 11 percent.
Lt. Gov. Becky Skillman and the Indiana Rural Health Association launched the Indiana Telehealth Network last week, a $7 million project that will connect 22 rural Indiana hospitals with fiber-optic broadband communication lines. The network is designed to grow the use of telemedicine, where patients in remote areas could have online consultations with specialty physicians in more populous areas. The Federal Communications Commission will fund 85 percent of the project, with local funds providing the balance. The hospitals in the network are in such towns as Monticello, Tipton, Boonville and Greencastle. Indianapolis-based Clarian Health and Community Health Network will also be connected to the rural hospitals.
INphoton Inc. and two researchers at the Indiana University School of Medicine have received a $1 million Small Business Technology Transfer grant to commercialize its imaging services for pharmaceutical and life sciences companies. INphoton uses powerful light miscroscopes to analyze and produce 3-D images of activities in living cells within the human body. INphoton is led by former Eli Lilly and Co. executive Steve Plump.
Q&A
Amy Zucker is president of Indianapolis-based Synergy Marketing Group. Her firm was recently hired by Indianapolis-based ImmuneWorks Inc. to use a new website and search engine optimization to help recruit patients for a Phase 1 trial of ImmuneWorks experimental medicine idiopathic pulmonary fibrosis. The Web strategy is a new wrinkle on patient recruitment—in addition to the traditional partnerships with disease specialists at academic medical centers—that Zucker hopes leads to lower costs and faster clinical trials. Phase 1 clinical trials cost nearly $16,000 per patient.
Some Lilly-paid docs sport spotty records
Eli Lilly and Co. paid more than $102 million last year and early this year to physicians for talking up Lilly drugs to other doctors. Yet 88 of the doctors Lilly pays have been sanctioned by state medical boards.
‘Payer mix’ playing role in hospital merger
Morgan Hospital & Medical Center is on the brink of merging with Clarian Health for a variety of reasons, but one of the biggest is one that all hospitals are facing in one way or another: a declining payer mix.
Heartland website problem “not a glitch”
If you are having trouble finding what’s playing when and where at the Heartland Film Festival, you aren’t alone.
IPS turns away 1,600 students
Hundreds of parents and students stood in long lines Tuesday morning at the Marion County Health Department, so the students could get immunized for school. About 1,600 students at Indianapolis Public Schools were not allowed in the classroom Monday because they weren't up to date on their shots. The Marion County Health Department is trying to reduce that number with a mass vaccine clinic this week. IPS has about 32,000 students.
Deputy shoots robbery suspect
An off-duty Marion County sheriff's deputy shot and killed a man who allegedly broke into the garage of his home and opened fire during a card game. The incident occurred just after 9 p.m. Monday night in the 3700 block of Celtic Drive on the far east side of Indianapolis. The deputy and a group of friends were playing cards in the garage when a man wearing a hooded sweatshirt entered through a side door and attempted to rob them with a handgun.
Man kills himself after shooting wife
A man shot and killed his wife Monday night in Noblesville, then turned the gun on himself a short time later in Indianapolis after fleeing from police. Shirlen Dyson, 46, died at St. Vincent Medical Center after she was shot several times in a minivan parked in a neighborhood near Verizon Wireless Center. Vincent Dyson, 46, was seen fleeing the scene about 6 p.m. in a Dodge Stratus. Fishers police pulled the man over on Interstate 465 near Meridian Street, but he shot himself in the head before they could reach the car. He died at Methodist Hospital.
New ‘Superman’ fellowship hoping to start local charter schools
Playing off the new education reform documentary “Waiting for ‘Superman,’” the GEO Foundation is using a $100,000 grant to fund a fellowship to launch charter schools in Indianapolis.