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Articles

Novo Nordisk buying 2 DiMarchi-launched drug firms

August 27, 2015

Calibrium LLC and MB2 LLC, both based in Carmel, have agreed to be sold for undisclosed amounts. They were developing diabetes drugs discovered by the research team of Richard DiMarchi, a chemistry professor at Indiana University.

Carmel-based Heartland acquires Splenda, plans expansion

August 25, 2015

Heartland Food Products Group announced Tuesday that it plans to acquire low-calorie sweetener brand Splenda, creating the need for a major expansion at its Indianapolis-area operations.

YMCA partners with VA for Pike Township center

August 25, 2015

Although the $10 million Pike Township YMCA has no timetable for completion, officials have pledged to offer extensive services to veterans in conjunction with the Richard L. Roudebush VA Medical Center.

Business owner ordered to pay $643K for securities fraud

August 25, 2015

Timothy E. Cook funded his personal expenses by falsely promoting stock in his Indianapolis-based cancer research firm Xytos Inc. long after it had ceased operations, according to a federal court ruling.

Surprising heart study could bring Lilly $1B annually

August 24, 2015

Eli Lilly and Co. didn’t win approval for a new drug last week. But its latest study of an existing diabetes drug could create a blockbuster in its own right—adding as much as $1 billion a year to the coffers of the Indianapolis-based drugmaker.

Carmel hires firm for City Center hotel, conference center designs

August 24, 2015

The Carmel Redevelopment Commission has agreed to pay up to nearly $25,000 for a firm to create initial designs for a potential hotel and separate conference center at City Center.

Chase, Fifth Third rolling out new-look ATMs

August 21, 2015

After quiet debuts, Chase Bank and Fifth Third Bank plan to continue deploying tablet-interfaced ATMs in central Indiana, a sign that the slimmer machines might be a permanent fixture as banks rely less on tellers.

Chase ATM EBK tablet

BOHANON & STYRING: Let’s be real in debate over tougher CO2 rules

August 20, 2015

We offer one simple economic observation: Reductions in CO2 emissions come at an economic cost today, while the benefits accrue in the future.

Regenstrief CEO Tierney to depart for Texas job

August 20, 2015

Dr. Bill Tierney, who has led the Regenstrief medical informatics research operation for five years, will become chair of the department of population health at the Dell Medical School at the University of Texas at Austin.

Startup haven Speak Easy taps new executive director

August 18, 2015

Danielle McDowell, 31, is best known locally for co-founding and selling hair products website Loxa Beauty to an industry giant in 2013.

As ChaCha waits for suitor, CEO Jones makes cuts for profitability

August 14, 2015

ChaCha has moved out of its offices but is still operating. It posted a profit on $2 million in revenue last quarter, and CEO Scott Jones wants to stay in the black until someone buys the Q&A search company.

big-pic-chacha-120213-2col.jpg

Indiana health care investments simmer while national market sizzles

August 14, 2015

Hoosier entrepreneurs in health care and life sciences attracted more than $31 million from investors during the first half of the year. But too few Indiana companies have developed their technology enough to attract venture capitalists or tap stock markets.

Allegion adds technology, products, jobs through acquisitions

August 13, 2015

The company makes entry doors and security products that almost everyone has used but the company remains not that well known.

BOHANON & STYRING: Social Security funding crisis is already here

August 13, 2015

The most recent Report of the Social Security Administration projects that, in 2020, interest earnings will not be enough to cover Social Security’s deficit, so the Social Security Trust Fund’s balance will begin to decline. It is expected the balance will be zero sometime in 2034.

CTO of the Year: Brad Wheeler

August 10, 2015

Brad Wheeler is making textbooks more affordable for students by making it simpler to obtain digital versions while trying to offer other materials to students virtually as well. His groundbreaking work is not only helping students at Indiana University but he’s collaborating with other institutions to exert greater control over the digital learning landscape.

cto-wheeler-6-2col.jpg

CTO of the Year: Mike Meadows

August 10, 2015

Mike Meadows helped with the massive task of taking Lilly’s IT organization through a downsizing that reduced expenses about 40 percent—with no significant IT service disruptions.

cto-meadows-1-2col.jpg

CTO of the Year: Bryan Everly

August 10, 2015

Bryan Everly and his team built software development virtually from scratch at NextGear Capital, a fast-growing provider of inventory financing for dealers of new and used cars.

cto-everly-5-2col.jpg

Costs of data breaches, just this year, outstrip subsidies to digitize health care

August 7, 2015

With this year’s bill estimated at $37 billion and counting, perhaps the sheer cost of cleaning up after IT security breaches at health care organizations will spur the industry to find a bandage for its hemorrhaging computer systems.

BOHANON & STYRING: Raising minimum wage takes employment toll

August 6, 2015

Fans of goosing the minimum wage should acknowledge that raising the price of labor by legislative fiat costs jobs.

KENNEDY: The twisted tale of Planned Parenthood

August 6, 2015

Despite the propaganda, Planned Parenthood isn’t selling fetal tissue or profiting from its use in medical research. 

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