You choose, we deliver
If you are interested in this story, you might be interested in others from The Journal Gazette. Go to www.journalgazette.net/newsletter and pick the subjects you care most about. We'll deliver your customized daily news report at 3 a.m. Fort Wayne time, right to your email.

Indiana

  • Hoosier strikes building, later hit by train
    MICHIGAN CITY — Police in northwest Indiana say a man who drove into a building in the morning was hit by a train later that night.
  • Indianapolis officer slays ex-wife, then self
    The Indianapolis police chief says a sergeant on administrative leave used someone else’s car to break through police surveillance and fatally shoot his ex-wife and himself. Chief Rick Hite says Sgt.
  • Return of old school standards urged
    A State Board of Education member formally requested Friday that an education panel abandon a proposed overhaul of Indiana’s education standards and instead recommend that the state’s previous benchmarks be reinstated in classrooms this fall.
Advertisement

Life sciences firms get creative as funds dry up

INDIANAPOLIS – Indiana life sciences companies are finding partners or taking other creative approaches to keep their products moving forward amid a lingering funding drought.

The Indianapolis Business Journal reports (http://bit.ly/K2Uuco ) Indiana firms raised $21 million in the first nine months of 2013. That's the lowest level since 2003.

Venture capital investments in life sciences firm were down 30 percent from 2008 nationally.

David Mann of Carmel-based Spring Mill Venture Partners says the funding slowdown has increased the time it takes to get a product to market and become profitable. It's also left many startup companies struggling to find the money to move forward.

David Johnson of life sciences development group BioCrossroads says the funding environment will be challenging for the foreseeable future.

–––

Information from: Indianapolis Business Journal, http://www.ibj.com

Advertisement