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Articles

Kokomo upshifting with Chrysler investment

November 30, 2011

City north of Indianapolis feels the power of $1.3 billion upgrade of equipment in automaker’s transmission plants.

UPDATE: Dow leaps 490 points on moves by world banks

November 30, 2011

Central banks around the world worked Wednesday to give banks easier access to dollars, jolting stock markets and easing fears of a global credit crisis. The Dow Jones industrial average had its biggest daily gain since March 2009.

Purdue, IU students lobby for alcohol amnesty law

November 26, 2011

Student leaders on three college campuses are urging Indiana lawmakers to enact a law that shields underage drinkers from disciplinary action if they report that someone is intoxicated and at serious health risk.

Company news

November 21, 2011

Samy Meroueh, a professor of biochemistry and molecular biology at the Indiana University School of Medicine, will receive $720,000 over a four-year period from the American Cancer Society to fund his cancer research. Meroueh’s research focuses on uPAR, a cell surface receptor that exists only in cancer cells that metastasize, making it an excellent target for the development of drugs. Metastasis, or the spreading of cancer from one organ to another, is the main reason that more than 90 percent of patients succumb to cancer, according to Meroueh. With earlier funding from the National Institutes of Health, Meroueh’s lab in Indianapolis has identified small molecules that attach to uPAR on the surface of cancer cells in metastatic tumors. He is now concentrating his research on two experimental compounds to examine their ability to block metastasis of breast cancer in mice. Meroueh hopes to later link his compounds to existing chemotherapy agents to deliver them directly to cancer cells, while sparing healthy cells.

Eli Lilly and Co. has joined a race to launch a new class of drugs to lower heart disease risk. An experimental drug under development by Lilly doubled levels of good cholesterol in a Phase 2 clinical trial, according to Bloomberg News. Good cholesterol, or HDL, sweeps the bad form of the fatty substance, called LDL, out of arteries, helping to reduce clogs. Lilly’s drug, called evacetrapib, boosted HDL as much as 129 percent and lowered bad cholesterol as much as 36 percent, the Indianapolis-based drugmaker reported on Nov. 15. Two other companies—New Jersey-based Merck & Co. Inc. and Switzerland-based Roche Holdings AG, have already moved similar drugs to the third and final phase of human trials, according to Bloomberg. Both drugs are predicted to be blockbusters with more than $5 billion in annual sales if they are approved. All three rivals aim to avoid the toxicity seen with a previous good cholesterol drug from New York-based Pfizer Inc. that was abandoned in 2006 after it triggered deaths in a study.

The St. Vincent Heart Center of Indiana was named one of 50 cardiovascular hospitals in the country by market research firm Thomson Reuters. According to the firm, 97 percent of all heart inpatients at U.S. hospitals survive their procedures and 96 percent remain complication free. Still, the top 50 hospitals have even better results, including 23 percent fewer deaths for bypass surgery patients, a 40-percent lower rate of heart failure complications, fewer readmissions, shorter hospital stays and costs that were lower by $4,200 per patient. Thomson Reuters based its analysis on data from the 2009 and 2010 Medicare Provider Analysis and Review, which includes nearly all senior patients. The St. Vincent Heart Center was the only Indianapolis hospital named to the list this year.

People in the news – Nov. 21, 2011

November 17, 2011

People listings are free.

Potential Lilly drug doubles good cholesterol

November 15, 2011

Eli Lilly and Co.’s experimental drug doubled levels of good cholesterol in a study, setting up a race with Merck & Co. and Roche Holding AG to develop a new class of medicines to lower heart risk.

State scrutinizing Village Pantry for workers’ safety

November 10, 2011

The Oct. 21 shooting of a clerk at a north-side Village Pantry came just four months after the convenience-store chain settled allegations by state inspectors that another of its Indianapolis stores failed to establish and maintain “reasonably safe” working conditions.

Rise of pouch packaging to lift new Lebanon plant

November 10, 2011

Toronto-based Skjodt-Barrett Contract Packaging opened its first U.S. plant in Lebanon to meet demand from major consumer brands for baby food and fruit snacks in flexible pouches.

SEC filing: Ex-IPL chief Murtlow qualified for large payout

November 10, 2011

Indianapolis Power & Light chief Ann Murtlow left the utility this spring under terms of a separation agreement that would have entitled her to at least $404,410, according to documents the utility filed Nov. 3 with the Securities and Exchange Commission.

KRUGMAN: Why frack when the sun is rising on solar?

November 9, 2011

Will our political system delay the energy transformation now within reach?

Mayoral roundup: Republicans dominate elections

November 9, 2011

A Republican Party tally gives the GOP a 61-54 majority over Democrats among the state's mayor's offices — a shift from a 68-48 Democratic lead.

Drug shortages hit Lilly, Endocyte

November 4, 2011

The nation’s shortage of certain drugs is threatening to affect research trials being conducted by Eli Lilly and Co. and Endocyte Inc.

Temp firms say business is good, hiring picking up again

November 3, 2011

Employment services in the Indianapolis area say hiring is rising again, but the pace of activity has yet to return even to 2008 levels, and staffing executives don’t expect it to for some time.

Charities disagree on potential impact of tax change

October 27, 2011

Not-for-profit-sector lobbyists are fighting President Obama’s proposal to limit the tax deduction for charitable donations. Yet some local fundraisers who could be affected by it aren’t concerned.

Hospitals scrambling to buy nursing homes

October 20, 2011

The hospitals owned by Boone and Hamilton counties are following the lead of Indianapolis-based Wishard Health Services and its parent organization by acquiring far-flung nursing homes, hoping the strategy proves as lucrative.

KENNEDY: In Indy, it’s still the economy, stupid

October 20, 2011

You can’t create bike lanes, improve schools, hire police or pick up garbage without money.

HETRICK: Four things considered at the mayoral ballot box

October 20, 2011

Four stories to consider at the mayoral ballot box in November.

Indianapolis neighborhood striving for LEED status

October 19, 2011

Designation to east-side project would go beyond building certification.

Marian University locks up president with 10-year contract

October 17, 2011

Dan Elsener has been instrumental in raising millions of dollars for the Catholic institution on the city’s west side, which will launch its medical school in the fall of 2013.

Deficit committee could bite CNO

October 17, 2011

Medicare supplement policies are reportedly one of the targets of Congress’ special deficit-reduction committee—and that’s not good news for Carmel-based CNO Financial Group Inc.

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