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Supreme Court drug case could restrict development: Lilly, other firms want research exemption confirmed

March 21, 2005

The U.S. Supreme Court will hear arguments April 20 in a case that Eli Lilly and Co. and other pharmaceutical corporations say could restrict the development of new drugs. The dispute stems from a June 2003 decision by the U.S. Court of Appeals for the Federal Circuit in Washington, D.C. The panel affirmed a district court’s finding that Merck KGaA in Germany infringed upon four of New Jersey-based Integra LifeSciences Holdings Corp.’s licensed patents. At issue is whether pharmaceutical companies…

STATEHOUSE DISPATCH: Lawmakers struggle amid chaos, but order will come

March 21, 2005

If you’re having a tough time following the twists and turns of the political soap opera that is the 2005 Indiana General Assembly, you are not alone. Legislators find themselves so perpetually distracted by all sorts of peripheral issues and actions that Eli Lilly and Co. might want to consider a new market for its adult ADD medication. What do we mean by this legislative attention deficit disorder? Think back to December, when the first order of business seemed to…

IP center at IUPUI gets off to quick start: Facility lands first grant, hopes to sell naming rights

March 21, 2005

Legal scholar Kenneth Crews is a man of many hats who toils at 12-hour workdays as the upstart Center for Intellectual Property and Innovation on the campus of IUPUI begins to gain momentum. The center, whose mission is to produce attorneys fluent in the burgeoning IP practice area, was launched in May under the auspices of the Indiana University School of Law in Indianapolis. The goal is to raise at least $1.5 million to jump-start a program that would grant…

BEHIND THE NEWS: In scandals’ wake, firms endure financial wringer Process mapping Too high a cost

March 28, 2005

Last year was excruciating for executives at many of Indiana’s public companies, but not for the usual reasons, like a slumping economy or sliding stock market. Instead, it was because they had to devote thousands of employee hours and millions of dollars to comply with a controversial new rule, Section 404 of the 2002 Sarbanes-Oxley corporate-accountability law. The rule requires companies to assess the internal accounting controls they have in place to ensure their financial reporting is accurate and reliable-and…

Aging employees, parents face care-giving challenges: More Americans balance jobs, elder-care concerns Long-distance care

April 11, 2005

More than 14 million employees today face the challenge of balancing job duties with the responsibility of caring for an older relative, according to the San Francisco-based Family Caregivers Alliance. And the numbers are growing as America ages. Employers and employees are feeling the cost of elder-care work conflicts to the tune of more than $11 billion in lost productivity annually, according to a MetLife study. Many baby boomer care givers find themselves sandwiched between caring for their own children…

Two Indiana startups chosen to compete nationally:

April 18, 2005

Two of the eight finalists that will participate in a national competition of bioscience startup companies at Purdue University are from Indiana. Omni Spray and QuadraSpec will compete in the third annual Purdue University Life Sciences Business Plan Competition against companies affiliated with several renowned universities, including Columbia University, Harvard University, Massachusetts Institute of Technology and Johns Hopkins University. The companies will present business plans for bringing their products to market and be judged by a panel of venture capitalists,…

VOICES FROM THE INDUSTRY: Protecting property rights means thinking globally Effect on Indiana business Taking action

April 18, 2005

Last month, 10 members of the U.S. House of Representatives asked the Bush administration to initiate trade disputes before the World Trade Organization and to identify nations that don’t protect intellectual property rights under U.S. trade law. The Representa tives pointed to a number of countries-Brazil, China, Pakistan, Russia and Thailand-that have been identified in the “National Trade Estimate Report on Foreign Trade Barriers” as having poor enforcement of trademarks and copyrights. While the lawmakers’ concerns are valid, the expression…

CHRIS KATTERJOHN Commentary: Be yourself-maximize your assets

April 18, 2005

Be who you are. Conversely, don’t try to be somebody you’re not. Focus on what you do best, and you’ll succeed. When we think of people who excel at anything … Joshua Bell playing the violin, Reggie Miller shooting three-pointers, Dr. Lawrence Einhorn treating cancer … we understand they have achieved their success by focusing on their God-given talents, developing them, and practicing, practicing, practicing. Communities are much the same, though the philosophy could be amended to read a more…

Experts see improving market: Higher occupancy rates, more construction projects mean good news for landlords, developers

April 25, 2005

IBJ: Is your sector of the construction or real estate industry better or worse off than a year ago and why? BURK: Overall, I think the Indianapolis office market is better off than it was a year ago. The occupancy rate for the 29-million-plus square feet of multitenant office properties in the market increased by about 2 percent last year, to 82.5 percent. There was positive net absorption of about 600,000 square feet, most of which occurred in the suburbs….

United Way enlists help from execs: Program provides extra muscle for annual fund-raising campaign

April 25, 2005

So UWCI will pitch the program with renewed fervor as agency leaders make the rounds of local businesses this year. They’ll point to networking opportunities and leadership skills, community awareness and self-confidence. And they’ll sing the praises of a revamped training program intended to be a big part of the answer. New this year are sessions on effective selling methods, project management and leadership development, intended to strengthen the appeal to employers and employees alike. “We really want to make…

BEHIND THE NEWS: Even after Zyprexa victory, Lilly faces many obstacles

April 25, 2005

On the surface, the news about Eli Lilly and Co. in recent days has been almost all good. The company averted catastrophe by prevailing in an Indianapolis lawsuit challenging U.S. patent protection for the blockbuster Zyprexa. Then it announced first-quarter profit that beat analysts’ consensus by two pennies a share. Pessimists who take a closer look, however, may want to pop a Prozac. Analysts note that the stable of new drugs that are supposed to pick up the slack as…

Forums seek out diamonds in rough: Future Fund events link VCs with entrepreneurs

May 2, 2005

With $15 million to plow into early-stage companies, Indianapolis-based Pearl Street Venture Funds is one of several venture capital firms searching for promising technologies to fortify with a cash infusion. In return, the investors hope to stumble upon the next Eli Lilly and Co., or at the very least, an enterprise that eventually becomes profitable and attractive enough for acquisition. The process of locating such diamonds in the rough, however, can be arduous and time-consuming. To that end, the Indiana…

Sales, new spec space in the cards at Intech: Intech One and Two likely to fetch top dollar, draw national interest, investment broker says

May 2, 2005

Two years ago, Lauth Property Group Inc.’s Intech Park was arguably the most prominent sign of central Indiana’s soft office market. The northwest-side park’s largest buildings, Intech One and Two, had entire floors vacant and awaiting completion. Acterna LLC was pulling out of its 140,000-square-foot building, a retreat symbolic of the technology bust’s effect on the larger suburban office market. Today, helped by a robust investment market and Intech’s recent state designation as a certified technology park, Lauth hopes the…

IU planning logistics center: University seeks funds for facility to provide services to TDL industry

May 2, 2005

Indiana University officials say they’re shopping for a site near the airport or in Plainfield for a laboratory to help grow the state’s transportation-distribution-logistics industry-known as TDL. The IU Supply Chain Control Center would evaluate for companies the feasibility and cost benefits of new technologies that could be used to improve sourcing, production and product distribution. The service would be provided at no or little cost. But the center faces a logistics challenge of its own-a delivery of cash. IU…

Building trades set for takeoff: Construction companies line up for first set of bids on $300M midfield terminal

May 9, 2005

The Indianapolis Airport Authority board on May 9 is expected to vote to approve the letting of the first six construction packages. They’re worth a total of $70 million, said Midfield Program Manager John Kish. That’s about a quarter of the $300 million terminal building’s price tag. The $974 million midfield project also includes a new airport entrance at I-70 and Six Points Road. But it’s the terminal building that has broad appeal to the trades. “I’d say this is…

Elite execs raking it in: As pay swells, critics urge restraint

May 9, 2005

Special Report: Elite execs raking it in As pay swells, critics urge restraint Highest-paid Indiana public company executives in fiscal ’04. Includes salary, bonus and other annual compensation, as well as long-term pay and stock option grants. 1) includes $1.7 million signing bonus received upon becoming CEO and president in August 2004 Turns out life’s certainties stretch way beyond the clichÃ© about death and taxes, especially in corporate Indiana. If you’re a top executive at one of Indiana’s biggest public…

Applied Engineering Services Inc.: Engineering firm builds clientele slowly

May 9, 2005

Starting a new company is a tricky business, even if you’ve done everything right. Applied Engineering Services had the funding, the contacts and the skills it needed when it started in 1998. Still, the first year or so was hardly easy. “We didn’t hit the ground running,” recalled Terry DeBoo, one of the principals in the company. “The first year was pretty tough.” Applied Engineering is a consulting engineering firm that focuses much of its business on the central utility…

Stock options lose favor, but still fuel big pay totals:

May 9, 2005

The numbers boggle the mind and dominate the pay totals. Last year, Eli Lilly and Co. boss Sidney Taurel received stock options that could balloon in value to $18 million over the next decade, even if the company’s shares underperform the stock market’s historical average return. The grant of options to buy 400,000 shares of stock accounted for nearly 80 percent of the $23 million in compensation doled out last year to Lilly’s chairman, CEO and president. Options made up…

Cialis teeing off marketing efforts with PGA Tour: Spending could rival Viagra’s NASCAR, MLB deals

May 9, 2005

Cialis, Eli Lilly and Co.’s erectile dysfunction drug, is teeing off its second season as a sponsor of the PGA Tour with several major marketing initiatives. The increased spending levels, sports marketers said, rival Viagra’s commitments in NASCAR and Major League Baseball. Lilly officials said a 24-plus-percent market share for the drug just 18 months after its debut proves the marketing strategy is working. Lilly makes the drug in partnership with Bothell, Wash.-based Icos Corp. In addition to serving as…

A quiet force: King helped revitalize city behind scenes

May 30, 2005

Coming of age in the 1950s, Tom King thought he’d make a pretty good engineer. “I grew up during what I call the ‘Sputnik Era’. Anybody who was a halfway decent student was going to be an engineer,” says the newly retired president of the Lilly Foundation. “When I saw what engineers did, I discovered I wouldn’t make a very good one.” Instead, King found himself a niche constructing some of the most complex local economic development projects of the…

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Articles

Supreme Court drug case could restrict development: Lilly, other firms want research exemption confirmed

STATEHOUSE DISPATCH: Lawmakers struggle amid chaos, but order will come

IP center at IUPUI gets off to quick start: Facility lands first grant, hopes to sell naming rights

BEHIND THE NEWS: In scandals’ wake, firms endure financial wringer Process mapping Too high a cost

Aging employees, parents face care-giving challenges: More Americans balance jobs, elder-care concerns Long-distance care

Two Indiana startups chosen to compete nationally:

VOICES FROM THE INDUSTRY: Protecting property rights means thinking globally Effect on Indiana business Taking action

CHRIS KATTERJOHN Commentary: Be yourself-maximize your assets

Experts see improving market: Higher occupancy rates, more construction projects mean good news for landlords, developers

United Way enlists help from execs: Program provides extra muscle for annual fund-raising campaign

BEHIND THE NEWS: Even after Zyprexa victory, Lilly faces many obstacles

Forums seek out diamonds in rough: Future Fund events link VCs with entrepreneurs

Sales, new spec space in the cards at Intech: Intech One and Two likely to fetch top dollar, draw national interest, investment broker says

IU planning logistics center: University seeks funds for facility to provide services to TDL industry

Building trades set for takeoff: Construction companies line up for first set of bids on $300M midfield terminal

Elite execs raking it in: As pay swells, critics urge restraint

Applied Engineering Services Inc.: Engineering firm builds clientele slowly

Stock options lose favor, but still fuel big pay totals:

Cialis teeing off marketing efforts with PGA Tour: Spending could rival Viagra’s NASCAR, MLB deals

A quiet force: King helped revitalize city behind scenes