Health Care & Life Sciences – Page 211 – Indianapolis Business Journal

A new centerpiece for city’s convention strategy: medical, science groups

July 30, 2009

The Indianapolis Convention and Visitors Association is putting together an all-star corporate consortium to make the city
a hub for medical and life sciences conventions, meetings and trade shows. The ICVA began running the initiative
full-speed this year and already has signed deals to bring 40 medical meetings to Indianapolis through 2015, including annual
meetings for the American Association of Diabetes Educators in 2012 and the American College of Sports Medicine and American
Chemical Society in 2013.

Carmel’s Dormir raises $12M from VC firms

July 29, 2009

Carmel-based Dormir Inc., which operates sleep study centers and sleep equipment stores around the country, raised $12 million
in venture capital from three out-of-state firms.

Conseco says profit in line with estimates

July 29, 2009

Conseco Inc. said it would meet analysts’ expectations for the second quarter by posting earnings of at least 22 cents
per share, before investment losses. The Carmel-based health insurer announced the preliminary financial results today after
the market closed.

Lilly cancels trials for experimental MS drug

July 28, 2009

Eli Lilly and Co. and a development partner has canceled clinical trials on an experimental drug to treat multiple sclerosis
after the drug failed to delay progression of the disease in trial patients.

Grain Dealers Mutual merges with Florida firm

July 28, 2009

Indianapolis-based Grain Dealers Mutual Insurance Co., one of the largest property-casualty insurers in the state, will
become part of The Main Street America Group, the Jacksonville, Fla.-based company said this morning.

St. Francis buys big cardiology practice

July 24, 2009

As concern grows among medical providers that health care reform augurs lower payments, St. Francis
Hospital & Health Centers has agreed to absorb a large group of cardiologists that bring lucrative heart patients to its
facilities.

Professors go online to revolutionize drug discovery

July 20, 2009

Two chemistry professors at IUPUI are laboring to create the McDonald’s of research laboratories—low-cost and all over the world.

Long-term-care business to help Wishard cover construction debt

July 17, 2009

To pay for a shiny new downtown hospital, the parent corporation of Wishard Health Services will commit itself to yearly
debt payments 10 times as high as they are now. But Wishard officials have no doubt they can bear the extra load
because of places like Rosewalk Village, a nursing home that sits on the eastern side of Indianapolis.

PEASE: Archaic physical therapy laws drive up health costs

July 15, 2009

If you want to see a physical therapist in Indiana, you must first see a physician for a consultation
and referral. It’s the law. Indiana is one of only six states where patients are denied direct
access to physical therapy treatment, and one of only two states where evaluation without referral is
prohibited.

BATTEN: FTC could resolve antitrust concerns on health care reform

July 15, 2009

President Obama recently announced a cooperative initiative where health care industry leaders plan to
work together to reform the ailing health care system. Shortly after that announcement, the national
media machine spawned considerable concern among several health care groups that the cooperative effort might violate
federal antitrust laws for collusion and price fixing among competitors.

Drug industry funds Democrat-led panel on health care reform

July 15, 2009

The pharmaceutical industry—which for two decades has given twice as much in campaign donations
to Republicans as Democrats—organized a panel composed mostly of Democrats this month in Indianapolis
to argue its position on health care reform.

Potential obesity breakthrough boosts Marcadia

July 15, 2009

Favorable article in prestigious journal could draw attention to Carmel biotech startup.

State law aims to attract doctors to areas in need of care

July 15, 2009

A state law that went into effect July 1 attempts to attract young physicians and mental health practitioners to underserved
areas by forgiving part of their student loans. But Indiana’s budget woes prevented lawmakers from allocating funds
to support the program.

Health care marketers taking the pulse of consumers’ online habits

July 15, 2009

Health care marketers can adapt to, and even use to their advantage, the online search habits of consumers.
Understanding when and why people search for specific health-related terms is vital to attracting more
visitors (i.e. patients) to a Web site.

Biomet reports loss on special charges

July 15, 2009

Biomet Inc. yesterday reported a $170.9 million loss in its fiscal fourth quarter as the result of more than $300 million
in special charges.

Colts seal Farm Bureau sponsorship pact

July 14, 2009

The Indianapolis Colts have become one of the first National Football League teams to sell a corporate sponsorship patch
on players’ practice jersey.

BREAKING: FDA approves Lilly blood-thinner prasugrel

July 10, 2009

Eli Lilly and Co. finally won approval today from U.S. regulators to sell prasugrel, its highly anticipated blood thinner,
according to Bloomberg News.

Conseco reinsurance deal swaps profits for cash

July 10, 2009

Carmel-based Conseco Inc., still a bit strapped for cash, brought in a reinsurance company to shoulder some of the risk
of its life insurance policies. Minnesota-based Wilton Reassurance Co. will pay $57.5 million to Conseco as a ceding
commission to co-insure and administer 104,000 policies held by Conseco subsidiaries.

Endocyte, Purdue develop prostate cancer treatment device

July 10, 2009

Purdue University researcher Philip Low, also the chief science officer for West Lafayette-based Endocyte Inc., has developed
a prostate cancer “homing device” to help anti-cancer agents specifically target prostate
cancer tumors.

Hilbert in-law’s life insurance dispute takes odd turn

July 10, 2009

Local businessman J.B. Carlson contends the $15 million life insurance policy he took out on Stephen Hilbert’s mother-in-law
was legitimate, because she served on his firm’s board and was a key decision-maker. The mother-in-law, Germaine
“Suzy” Tomlinson, died at age 74 last September—just 32 months after the policy was issued.

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