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Articles

Carmel firm gets FDA approval for lice treatment

January 19, 2011

ParaPRO LLC’s treatment, called Natroba, has a potential U.S. market of 6 million to 12 million infected children annually.

Health chief: Indiana needs more trauma center access

January 18, 2011

State Health Commissioner Greg Larkin says much of Indiana lacks the access to hospital trauma centers needed to treat victims of attacks like the one in Tucson that left U.S. Rep. Gabrielle Giffords of Arizona critically injured.

Down on luck, Lilly finds comfort in pets

January 18, 2011

Eli Lilly and Co. continues to misfire on getting new human medicines approved, but its animal health unit is on a roll.

Lilly imaging drug isn’t ready for approval, FDA says

January 18, 2011

Eli Lilly and Co.’s experimental drug to help identify plaque in the brain tied to Alzheimer’s disease isn’t ready for approval, according to U.S. regulators.

People in the News – Jan. 17, 2011

January 13, 2011

People listings are free.

Company news

January 11, 2011

Indiana University researchers won a $7 million, four-year grant from the National Institutes of Health’s Human Microbiome Project. Barbara Van Der Pol, an epidemiologist at the IU School of Medicine, and David Nelson, a molecular biologist at IU’s Bloomington campus, have been named co-investigators on IU's portion of the project, which has already been operating under the leadership of Dr. J. Dennis Fortenberry, professor of pediatrics at the IU School of Medicine. The researchers are studying at a microbial level sexually transmitted diseases in Hoosier men, which often lead to pain during urination and sex.

The School of Science at IUPUI won a $943,000 grant from the National Science Foundation to help minority students pursue careers in life sciences research. The money will fund the IUPUI Undergraduate Research Mentoring in the Biological Sciences Program, beginning this spring. Two-year fellowships will pay stipends to selected science students to conduct intensive research on “biosignaling,” the ability of cells to respond to their environments. The students also will attend seminars and presentations designed to help them toward a career in bioresearch. Lastly, the students will be paired with minority mentors who already hold graduate degrees.

Warsaw-based Zimmer Holdings Inc. Chief Executive David Dvorak said that demand for hip- and knee-replacement procedures will recover in the second half of 2011, when consumers have jobs and insurance again. "There will continue to be an impact until unemployment rates are reduced and [insurance] enrollment rates go back up," Dvorak told investors in a presentation at a conference hosted by J.P. Morgan in San Francisco, according to Reuters. "We're going in the right direction, but it's a slow recovery," he said. Sales of orthopedic implants, which Zmmer manufactures, have been especially hard-hit during the recent recession, as patients out of work or short of cash put off elective surgeries.

WellPoint Inc. expects its profit this year to exceed $6.60 a share, the company announced Monday at the J.P. Morgan health care conference in San Francisco. Such a performance would slightly beat the expectations of Wall Street analysts, who currently predict 2011 profit of $6.57 per share for the Indianapolis-based health insurer. Analysts expect the same amount of profit when WellPoint reports its 2010 results on Jan. 26, according to a survey by Thomson Reuters. WellPoint provides health benefits to 33.5 million Americans, more than any other company. But the job losses of the past two years have kept its profits from growing.

An experimental drug being developed by Eli Lilly and Co. doesn’t appear to help with digestion as much as existing drugs, according to a staff report released Monday by the U.S. Food and Drug Administration. According to Bloomberg News, Lilly’s drug liprotamase, also known as Solpura, is designed to help patients suffering from poor digestion due to cystic fibrosis, chronic pancreatitis or other conditions. Outside advisers to the FDA are scheduled to meet today in Maryland to review whether the drug should be approved for those patients. The panel of advisers will issue a non-binding recommendation to the FDA, which will make the final decision. Indianapolis-based Lilly got rights to Solpura in July when it purchased Massachusetts-based Alnara Pharmaceuticals Inc. for up to $380 million.

HICKS: Economist job more exciting than most think

January 6, 2011

Recently, my wife has stopped calling me an economist. It is too hard to explain what I do, so she calls me a professor (which has far more cool points to Harry Potter or Gilligan’s Island fans).

Indiana Medicaid cuts likely to be followed by more

December 31, 2010

The Office of Medicaid Policy and Planning has approved a series of emergency rules that it expects to save a total of $4.1 million over the next six months, but that will make up for only a small portion of the $31.4 million shortfall the agency anticipates for the fiscal year.

GIGERICH: Here’s what we need from 2011 session

December 29, 2010

The 2011 session of the Indiana General Assembly will have a profound impact on the future of our state and our ability to retain our ranking as one of the top 10 states in which to do business.

Roche acquires Marcadia Biotech

December 29, 2010

Marcadia Biotech Inc., a Carmel-based biopharmaceutical company founded by prominent scientists from Eli Lilly and Co. in 2006, has been acquired by Swiss life sciences giant Roche.

Baby boomers near 65 with retirements in jeopardy

December 28, 2010

Starting in January, more than 10,000 baby boomers a day will turn 65, but many are facing a personal finance disaster just as they’re hoping to retire.

People

December 23, 2010

Centerstone of Indiana, a Columbus, Ind.-based provider of mental health care, named Suzanne Koesel its new CEO as of Jan. 1. She will replace Bob Williams, who is taking the new role of chief strategy officer to focus on responding to health care reform and other changes affecting the organization. Centerstone of Indiana, which has nearly 800 employees in more than 60 facilities across 17 central southern Indiana counties, serves more than 20,000 individuals and families each year. Koesel has been Centerstone of Indiana’s chief operating officer. She holds degrees in social work from Indiana University and Washington University. Centerstone of Indiana is a subsidiary of Tennessee-based Centerstone of America.

Bloomington-based Cook Medical Inc. promoted Rob Dorocke to vice president of global e-communications. Dorocke, an Indiana University graduate, joined the Cook organization in 1997.

Eli Lilly puts faith in drug pipeline

December 22, 2010

Eli Lilly and Co. started to tip over its massive “patent cliff” this year, yet announced little publicly that will significantly soften its inevitable sales plunge.

LUBBERS: More performance funds for universities

December 20, 2010

Indiana cannot meet growing economic and educational expectations without fundamentally rethinking how we deliver higher education to our students, how we measure progress, and how we reward results.

2010 Holiday Wish List

December 16, 2010

The following is a list of Indianapolis-area not-for-profit organizations and the things each needs most.

Governor seeking leeway on road deals

December 16, 2010

Gov. Mitch Daniels’ legislative priorities for next year include putting guidelines into law that would allow the state to more broadly use the private sector to design, finance or operate public infrastructure.

Daniels endorses findings of criminal code review

December 16, 2010

Sweeping changes proposed for Indiana’s criminal sentencing system won the endorsement Wednesday of Gov. Mitch Daniels, who said that if lawmakers enact the changes they would hold down the state’s ballooning prison population and save taxpayer money.

Turbulent Indiana General Assembly just ahead

December 15, 2010

Scarce resources promise to vex lawmakers charged with writing a new budget when the Legislature convenes in January.

Health insurance investors unfazed by court ruling

December 14, 2010

This week’s ruling by a federal judge could force Congress to rework the new health law to avoid a health insurance market collapse. But the decision had little to no effect on investor sentiment toward WellPoint Inc. and its peers.

MAURER: A final lesson for entrepreneurs

December 9, 2010

To create a disciplined investment philosophy, I evolved from my experience “The Ten Essential Principles of Entrepreneurship You Didn’t Learn in School.” Over the course of 10 columns, I have featured each of these essential principles. This is the final installment.

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