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Articles

Company news

October 20, 2014

Anagin LLC, a company started last year by Indiana University researchers, won the BioCrossroads new venture competition for its plans to develop drugs to treat post-traumatic stress disorder, or PTSD. The $25,000 prize from BioCrossroads, an Indianapolis-based life sciences business development group, comes in addition to a $692,706 grant from the National Institutes of Health. Anagin was co-founded by Dr. Anantha Shekhar, a psychiatrist at the IU School of Medicine in Indianapolis, and Yvonne Lai, a scientist in IU’s Department of Psychological and Brain Sciences in Bloomington. Anagin is trying to develop drugs that block PTSD without causing common side effects such as irritability, sexual dysfunction, addiction, and memory and motor-skill problems. Along with its BioCrossroads prize and NIH grant, Anagin will receive $50,000 in matching funds from state-funded Elevate Ventures.

Activate Healthcare LLC, an Indianapolis-based workplace health clinic operator, plans to expand its local operations, adding as many as 203 employees over the next nine years. Activate said it will spend $656,080 to lease a 3,400-square-foot office at 9302 N. Meridian St., more than tripling the size of its existing headquarters. The company operates 22 primary health care clinics in the Midwest, including 18 in Indiana that offer care to more than 40,000 patients. The clinics are within or near workplaces. The Indiana Economic Development Corp. said it offered the company $3.9 million in conditional tax credits and up to $200,000 in training grants based on the firm’s job-creation plans. Activate has about 110 full-time Indiana workers, but its base employment will be considered 84, according to the incentives agreement reached with IEDC. That means the company will need to have 287 employees by the end of 2023 to fully comply with the contract.

Eli Lilly and Co. will close one of its three manufacturing facilities in Puerto Rico at the end of 2015, according to the Associated Press. The Indianapolis company said it is closing its Guayama facility because the patents on some of the drugs made there have expired. Lilly intends to sell the Guayama plant. Lilly said the 100 employees who work there will be offered jobs at another of its facilities on the island, which are in Carolina, Puerto Rico. Guayama is in the southeastern part of Puerto Rico, and Carolina is in the northeast. Lilly has announced $240 million in investments in its Carolina facilities since late 2013.

The Indiana Medicaid program will receive more than $181,000 from a fraud settlement struck by states’ attorneys general and the federal government with the drug manufacturer Organon Pharmaceuticals USA Inc. According to The Statehouse File, the settlement resolves whistleblower allegations that Organon underpaid rebates to the state, offered improper financial incentives to nursing home pharmacies, promoted two of its antidepressants for unapproved uses, and misrepresented its drug prices to the Indiana Medicaid program to reap larger margins and increased sales. Organon, which is now owned by New Jersey-based Merck & Co. Inc., will pay $31 million to settle the lawsuits with the states and the federal government. Of that, Indiana Medicaid will receive $162,346 in a settlement arising from a whistleblower lawsuit filed in Massachusetts and $19,016 in a settlement arising from another whistleblower suit filed in Texas.

Health clinic operator plans HQ expansion, 203 new jobs

October 17, 2014

Activate Healthcare LLC, an Indianapolis-based workplace health clinic operator, plans to expand its local operations, adding as many as 203 employees over the next nine years, state economic development officials announced Friday morning.

A&E Roundup: $300k for Indy artist, ‘Fargo’ out in the cold, more

October 16, 2014

“Batman” producer to teach at IU. Phoenix playwright’s creation launching onto national play network.

Colts’ Irsay embraces opportunity to get to work

October 16, 2014

Six days after his six-game suspension ended, the 55-year-old Colts owner broke his silence by telling a small group of reporters that he's excited about the season, feeling well and is ready to move on.

Jim Irsay

A&E priority list includes Fleetwood Mac, Heartland Film Fest, more

October 16, 2014

If you are looking to experience the unexpected, try the first Art in Odd Places fest downtown.

Ballard’s preschool plan gets new life in city budget

October 14, 2014

The $1 billion budget approved by the City-County Council Monday night included a last-minute amendment that could put $1.7 million toward the mayor’s plan to cut crime and expand access to preschool.

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Nude photo scandal boosts local startup’s web traffic

October 14, 2014

Indianapolis-based event-planning website Snappening.com saw traffic surge this weekend, apparently from web browsers looking for nude photos.

Hospital market shares shift

October 14, 2014

Community Health Network claimed 23.1 percent of the central Indiana market inpatient market last year, up from 21.5 percent the year before, while Indiana University Health saw its share of the inpatient market decline from 28.8 percent in 2012 to 27.8 percent last year.

Company news

October 14, 2014

The Indiana University School of Medicine will receive nearly $8.5 million from the estate of the late Dr. Suzanne Buckner Knoebel, a cardiologist and longtime professor at the medical school. She died in July at the age of 87. The money will flow into two funds, one of which supports cardiovascular researchers and the other that will pay for cardiology professors to receive training in new techniques and other educational programs. Knoebel was an IU medical school professor from the early 1960s to the early 1990s. In 1982, she became the first female president of the American College of Cardiology.

The Indiana University Melvin and Bren Simon Cancer Center will receive $7.8 million over the next five years from the National Cancer Institute to support its research. The grant follows up on a previous grant in 2008 from NCI, which is one of the National Institutes of Health. NCI has designated the IU Simon Cancer Center as one of 68 cancer centers across the country that focus on the rapid translation of research discoveries to directly benefit people with cancer. Purdue University also operates an NCI-designated cancer center, although only the IU center provides care to Indiana cancer patients. The IU Simon Cancer Center includes nearly 200 researchers, who attract $61 million per year in grants.

The Indiana Family of Social Services Administration awarded Purdue Healthcare Advisors at Purdue University a $2.3 million grant to keeping helping independent, rural and urban health care providers to use electronic medical records in ways the federal government defines as “meaningful.” Purdue Healthcare Advisors started its work in February 2010 after Purdue received a $14 million federal grant authorized by the 2009 stimulus bill. Providers eligible for Purdue’s help practice in small or independent groups, or in federally qualified health clinics, community health clinics or rural health clinics.

Gov. Mike Pence named Dr. Jerome Adams to be commissioner of the Indiana State Department of Health, replacing Dr. William VanNess, who announced his resignation in August. Adams is a professor of clinical anesthesia at the Indiana University School of Medicine and a staff anesthesiologist at Eskenazi Health. He plans to continue working at Eskenazi even as he serves his role as health commissioner. Previously, he was an anesthesiologist at Ball Memorial Hospital in Muncie and a physician rapid responder at Indianapolis Orthopaedic Hospital.

PUBLISHER’S LETTER: IBJ to roll out metered digital access

October 14, 2014

In the coming weeks, IBJ readers will be given an opportunity to choose from enhanced subscription and access options. The choices readers make will dictate what digital content can be accessed under our new ibj.com metered-paywall business model.

Tax revenue grows in downtown district

October 10, 2014

A new report from the Legislative Services Agency shows that a special taxing district downtown captured more than $16 million in state and local tax revenue.

IPS school board candidate says mistake led to plagiarism

October 9, 2014

Indianapolis Public Schools board candidate Ramon Batts says he regrets representing work from three national advocacy organizations as his own in his responses to a Chalkbeat Indiana survey.

Garage door company on hook for $21M jury award

October 9, 2014

A Plainfield garage door company has been ordered to pay $21.3 million in damages to an Indianapolis man who suffered permanent, disabling spinal injuries in 2006 due to a malfunctioning garage door.

Lawyers branch out as business execs, entrepreneurs

October 9, 2014

Sometimes attorneys aren’t completely satisfied with their high-pressure day jobs. Many start unrelated businesses like bakeries, vineyards, breweries and clothiers as an escape, or even a new career.

Accountable care organizations strike out in Indiana

October 9, 2014

None of the 11 ACOs with operations in Indiana saved money for Medicare or achieved a bonus for themselves last year.

More hospitals hit with do-over penalties

October 9, 2014

Medicare will reduce payments to 68 Indiana hospitals—a 62-percent increase from last year—for having too many patients return within 30 days.

People

October 9, 2014

Indiana University Health named Ron Stiver president of system clinical services, a new position from which he will oversee IU Health’s ambulatory surgery centers, home health, critical care transport, retail pharmacies, sports performance and telemedicine. Since 2009, Stiver has been IU Health’s senior vice president of engagement and strategy. He earlier served as commissioner of the Indiana Bureau of Motor Vehicles and the Indiana Department of Workforce Development. Stiver earned a bachelor’s degree in economics from DePauw University and an MBA from Duke University.

Dr. Alison Grant, a family physician, has joined Community Health Network in Greenwood. She completed her medical degree at Jefferson Medical College in Philadelphia and earned a bachelor’s degree from Wellesley College.

Dr. Anthony Arata, a family physician, has joined Community Physician Network in Indianapolis. He earned a bachelor’s degree from the University of Notre Dame and a medical degree from Saba University School of Medicine in Netherlands-Antilles.

Dr. Jayender Chintaparthi, an endocrinologist, has joined Community Health Network in Indianapolis. He completed his bachelor of medicine and bachelor of surgery degrees at Kurnool Medical College in Kurnool, India.

Renovation with recliners coming to Circle Centre movie theater

October 9, 2014

Regal Entertainment Group, the operator of the nine theaters on the mall’s fourth floor, is ripping out the seats and replacing them with reclining chairs in hopes of increasing attendance.

Circle_Centre_movie_marquee_2col

Opt for the greatest impact

October 2, 2014

Nearly two years have passed since Eli Lilly and Co. CEO John Lechleiter called for creating a “world-class” life sciences research institute in Indianapolis, and now the fledgling Indiana Biosciences Research Institute is on the verge of naming its first leader. That choice of a chief executive, expected before Thanksgiving, will telegraph a critical signal […]

Firm making mark tracking movie trends via Twitter

October 2, 2014

Fizziology LLC, which earned its chops measuring entertainment industry buzz in Hollywood and New York, has created a stir by gaining a rare endorsement from Twitter for its newest product. The popular social media site on Sept. 30 bestowed its Twitter Certification on Momentum, a computer program Fizziology launched just a week earlier for tracking […]

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