INSIDE INDIANA BUSINESS: Pharma company secures 'significant' investment

2014-04-10T12:35:00Z 2014-04-10T20:40:25Z INSIDE INDIANA BUSINESS: Pharma company secures 'significant' investmentGerry Dick Inside Indiana Business
April 10, 2014 12:35 pm  • 

The co-founder of Indianapolis-based Assembly Pharmaceuticals says a major round of funding will help the company move closer to a treatment for a deadly virus. Derek Small characterizes the current treatment rate of chronic hepatitis B, estimated to affect more than 350 million worldwide, as "unacceptable." He says the funding from BioCrossroads and several other investors will allow the company to increase research and development at its Indianapolis and California facilities.

Citizens Plans Water System Improvements

Citizens Energy Group is planning a $114 million water system improvement initiative. The utility says a recently-approved rate hike will fund the two-year effort. Officials hope the investment will help reduce the more than 700 water main breaks per year in the Indianapolis area.

Groundbreaking Planned For Downtown Project

A ceremony to mark the start of construction of a nearly $8 million downtown development is set for tomorrow in Petersburg. Plans for "Downtown Terrace" include 40 senior housing units, an urgent care clinic and retail space.

Hoosier Companies on 'Most Trusted' List

Three businesses based in Indiana are on a national top 50 list of the "Most Trustworthy Financial Companies." Forbes says it considered high-risk events, bankruptcy risk and U.S. Securities and Exchange Commission actions in putting together the list.

Notre Dame Researcher Wins Commercialization Honor

The director of the In Vivo Imaging in the University of Notre Dame's Integrated Imaging Facility is the recipient of this year's 1st Source Bank Commercialization Award. W. Matthew Leevy has been honored for technology that addresses occupational exposure to anesthesia gases. R

State to be Part of Pew Business Initiative

Indiana will take part in an 18-month business incentives initiative. The effort by the Pew Charitable Trusts is designed to establish best practices for economic development incentives. Indiana is one of seven states that will participate.

Louisville to Host NBA Game

The KFC YUM! Center in Louisville has been selected to host an NBA preseason game in October between the Miami Heat and the New Orleans Pelicans. The city hasn't had a major professional basketball presence since the ABA's Kentucky Colonels folded in the mid-1970s.

Rental Company Seeks Management Trainees, Interns

A car rental company is planning to hire more than 70 management trainees and interns in central Indiana. Enterprise Holdings operates several national brands including Enterprise Rent-A-Car, National Car Rental and Alamo Rent A Car.

Transparency Portal Tops Rankings

A U.S. Public Interest Research Group report ranks the Indiana state government transparency website tops in the country. The online portal monitors contracts, subsidies and other government expenditures.

Fundraising Group Plans Philanthropy Speaker Series

The Indiana chapter of the Association of Fundraising professionals is planning a speaker series to examine the future of philanthropy. The initiative is receiving support from Greenwood-based Johnson, Grossnickle and Associates and will help mark the non-profit consulting firm's 20th anniversary.

State Files Appeal With FEMA

Governor Mike Pence is asking the U.S. Federal Emergency Management Agency to reconsider a previously-denied request. The state is seeking public assistance for 49 counties affected by major winter storms in January.

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