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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…

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…

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…

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…

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…

GERALD BEPKO Commentary: Chicago World’s Fair is model for Indiana

March 14, 2005

Cities seem to progress in stages with moments of decline, growth, exceptional energy, and, at times, a sense of destiny. For many years, Indianapolis has been a city on the move, a little like Chicago in 1893 when it hosted a World’s Fair. Chicago sought to shed its frontiertown image and establish itself as a city of global consequence. It beat out New York, St. Louis and Washington, D.C., for the right to host the fair. In hosting it, Chicago…

BEHIND THE NEWS: Settlement struck in case pitting Marsh vs. Marsh Guidant’s big option grants

March 14, 2005

Don Marsh is fighting enough battles in the bloody grocery business without also slugging it out with his own brother. Perhaps that’s why the Marsh Supermarkets Inc. CEO has decided to settle a lawsuit filed in August by C. Alan Marsh, a former vice chairman of the company who charged he was owed some $2 million in benefits stemming from his 1998 resignation. Attorneys for both the Indianapolisbased grocery chain and C. Alan Marsh confirm they’ve reached an agreement in…

BEHIND THE NEWS: Accounting rule tempers allure of granting options Taking the plunge Adjusting to new reality

March 7, 2005

In the go-go 1990s, companies dispensed stock options to employees like candy. And why not? Under accounting rules, they didn’t have to count them as an expense. It almost seemed like free money. “You really were hard-pressed, if you were a public company, not to use options,” observed Betsy Field, a Fishers-based consultant for the benefits firm Watson Wyatt Worldwide. No more. A new accounting rule will require companies to begin recording options as an expense on their financial statements…

Ex-hospital administrator sues St. Vincent: Doctor says former employer owes him severance pay

March 7, 2005

Dr. Harry Laws blames money for the reason his tenure as the first leader of St. Vincent Children’s Hospital ended in January 2004 after only a year. Money also is the reason he decided to sue St. Vincent over the dismissal. The longtime pediatrician wants St. Vincent to pay him $230,000 in severance, according to a complaint filed in Marion County court. Laws contends that St. Vincent fabricated reasons for his dismissal and breached its employment contract with him by…

Companies abuse certification to nab contracts: Critics wonder if they truly are ‘disadvantaged’

February 21, 2005

Indiana companies are playing the system to get millions of dollars in federal highway funds by posing as and receiving state certification as economically disadvantaged, minority or women-owned businesses. Under federal law, a prime contractor bidding on a federally funded project has to subcontract a certain percentage to businesses that are certified by the state as disadvantaged. The idea is to ensure that these companies have an equal opportunity to become successful. Files at the State Department of Administration show…

CHRIS KATTERJOHN Commentary: Does good biz mean good guv?

February 21, 2005

CHRIS KATTERJOHN Commentary Does good biz mean good guv? It’s already crystal clear that Gov. Mitch Daniels intends to live up to his promise to shake things up in Indiana government. It’s even clearer that he believes the people who will help him succeed in doing so are people who have been successful in business. I’m guessing a large number of IBJ readers are eating this up. For as long as I can remember, businesspeople have complained about government bureaucracy…

Giving women a boost: Companies use in-house programs to maximize the potential of female employees Crowe Chizek and Co. LLC Rolls-Royce North America

February 14, 2005

While men and women are often hired in equal numbers, inequities tend to crop up once employees reach management level and above. For innovative companies, the race is on to move more women into the management pipeline. “I think it is a trend in companies that have been smart enough to take a look at their promotion patterns over the last five to six years,” said Nancy Ahlrichs Raichart, author and founder of Indianapolis-based EOC Strategies, a human resources consulting…

BEHIND THE NEWS: Lawyers in big-biz cases get scolding from judges Taking stock of Lilly

February 14, 2005

Two big businessrelated cases are advancing toward trial, and the lawyers involved are getting nasty. At least that’s how it seems to the judges handling the cases, and they’re tired of it. In a Jan. 31 filing, federal Magistrate Judge V. Sue Shields gave a verbal spanking to attorneys for both Paul Harris Stores Inc. and the accounting firm PricewaterhouseCoopers. “All counsel are admonished that the court expects them to behave in a civil manner toward one another and to…

Sides nearing peace on the Prairie: ‘Solomonic’ ending awaits Earlham, museum

February 14, 2005

Once the fine points of the deal with Indiana Attorney General Steve Carter are worked out, Earlham will hand over $91.5 million in cash and its interest in a jointly owned golf course worth another $2.5 million-much more than the $64.7 million take-it-or-leaveit offer the college made just before firing the museum’s CEO and dismissing nearly all its directors in June 2003. “We’re just trying to put this behind us,” Earlham board Chairman Mark B. Myers told IBJ after trustees…

Special Report: MURKY MISSION: Vague directive dilutes 21st Century Fund’s high-tech impact

February 7, 2005

When directors of Indiana’s 21st Century Research and Technology Fund convened in May 2003, they’d already doled out $70 million in state grants over three years to fund h i g h – t e c h innovation a n d w e r e preparing to u n l e a s h another $60 million. But you wouldn’t know it after reading minutes from that meeting. They show a rollicking debate broke out over the 21st Century’s Fund’s…

IDEM levies fewer fines: Air pollution violators account for half of state’s penalties

February 7, 2005

Four of the 10 largest environmental penalties levied against Indiana companies in 2004 involved air pollution violations, an area of regulation likely to come under renewed focus after the first-ever “fine particulate” health warning was issued last week for Marion and five other counties. The Indiana Department of Environmental Management, which sounded the alarm, assessed $1.2 million in air pollution penalties last year-almost half of the $2.4 million in 1999, according to state records. The decrease in air penalty amounts…

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Articles

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

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

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

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

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

GERALD BEPKO Commentary: Chicago World’s Fair is model for Indiana

BEHIND THE NEWS: Settlement struck in case pitting Marsh vs. Marsh Guidant’s big option grants

BEHIND THE NEWS: Accounting rule tempers allure of granting options Taking the plunge Adjusting to new reality

Ex-hospital administrator sues St. Vincent: Doctor says former employer owes him severance pay

Companies abuse certification to nab contracts: Critics wonder if they truly are ‘disadvantaged’

CHRIS KATTERJOHN Commentary: Does good biz mean good guv?

Giving women a boost: Companies use in-house programs to maximize the potential of female employees Crowe Chizek and Co. LLC Rolls-Royce North America

BEHIND THE NEWS: Lawyers in big-biz cases get scolding from judges Taking stock of Lilly

Sides nearing peace on the Prairie: ‘Solomonic’ ending awaits Earlham, museum

Special Report: MURKY MISSION: Vague directive dilutes 21st Century Fund’s high-tech impact

IDEM levies fewer fines: Air pollution violators account for half of state’s penalties