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Kelley School of Business Indiana University Bloomington
Center for the Business of Life Sciences

INDIANA LIFE SCIENCES COLLABORATION CONFERENCE SERIES: SPRING RECAP

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Stephen Schenk

MBA Candidate – Indiana University – Kelley School of Business

 

Last Friday, I had the pleasure of attending the spring conference offering from the Kelley Center for the Business of Life Sciences. The conference topic was “Pain Management and the Opioid Crisis” and was the second of three conferences the CBLS will put on this school year. The conference was one of the many free opportunities students in the PLUS Life Sciences Academy have to network with, and hear from, industry leaders across the healthcare spectrum.

WELCOME: After everyone had enjoyed breakfast, Dan Peterson, Vice President of Industry & Government Affairs for the Cook Group welcomed us to the Cook Medical campus.

KEYNOTE: Dan then handed the microphone to Jennifer Walthall, MD, MPH, Secretary, Indiana Family & Social Services Administration. Jennifer set the stage for the remaining speakers by giving a troubling yet optimistic overview of the opioid epidemic’s effects on our nation and the state of Indiana. From the age, race, geographical differences to the new trends in synthetic and polysubstance abuse, Dr. Walthall explained the current state. She then put the current data into context by telling the story of how we got here. She then highlighting several avenues to combat the epidemic – from emergency intervention, to new addiction treatments and prevention methods. Dr. Walthall was sure to mention that none of these solutions is as valuable if they are not sustainable and able to be replicated on future crises. Dr. Walthall ended on a high note by sharing some success stories in the fight against the epidemic. This included an overview of the Overdose Surveillance Dashboard the state is using to monitor and respond to spikes in overdoses, newly expanded access for addiction treatment facilities, and example of a company doing their part – the Belden Effect. The news camera could not stay away after this presentation.

PANEL: Jessica Reckamp from VMS BioMarketing then moderated a panel on Options for Supporting People with Substance Use Disorder. The panel included:

  • Ryan Brewer, Associate Professor of Finance, (IUPUI/IUPUC) & Director, MBA Program IUPUC.
  • Jeremy Carpenter, Executive Director, Groups
  • Brian Carrico, Chief Executive Officer, Innovative Health Solutions
  • Alex Straiker, PhD, Research Scientist, Psychological and Brain Sciences Department, Indiana University

Ryan spoke about the economic burden created by the disease and stated that Indiana is uniquely effected economically due to the tight labor market and above average population. Jeremy discussed how his company helps those affected by SUD. Brian gave us an overview of an innovative new pain management tool his company had developed. Finally, Alex spoke about the current state of research in pain management and drug dependence including potential novel treatments that could be on the way.

KEYNOTES 2: After lunch, Robert Conley, MD, Chief Science Officer for Lilly Bio-Medicines Neuroscience dove deeper into What’s Next in the Treatment of Chronic Pain. Dr. Conley talked about novel targets for pain medication including Calcitonin gene-related peptide (CGRP) and Nerve Growth Factor (NGF). He also touched on Serotonin 1f recptor agonism, RNAi, and digital health as potential solutions to problems in pain management. Dr. Conley did a great job of distilling the science down to a digestible form for me and my fellow MBAs in the audience.

PANEL 2: Jim Peterson, Associate Brand Manager, Eli Lilly and Company moderated our second panel around Alternatives in Pain Management and Treatment. The panel included:

  • Cartier Esham, PhD, Executive Vice President for Emerging Companies & Senior Vice President for Science and Regulatory, Biotechnology Innovation Organization
  • Janetta Iwanicki, MD, Scientific Director of Research and Surveillance, Rocky Mountain Poison and Drug Center, Denver Health and Hospital Authority
  • Jim Kichefski, Head of Sales, Digital Therapeutics, Sandoz Novartis
  • Thomas Mathers, Partner, Pappas Capital
  • Riley Swinehart, Vice President, Government Affairs, AdvaMed

SOME PICTURES FROM THE EVENT:

Kelley PLUS Life Science Academy Students Enjoying Lunch:

Ryan Brewer on the Economic Burden of Opioids:

Jeremy Carpenter from Groups During Panel 1:

Thomas Mathers and the rest of Panel 2:

SEE YOU IN MAY:

The experience at Cook made me even more excited about the next CBLS conference: The Intersection of Food, Diet and Healthcare  This is a fascinating topic that I look forward to learning more about in a few months. Stay tuned for a recap.

Strata Decision Technology @ Kelley

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Stephen Schenk
MBA Candidate- Indiana University, Kelley School of Business

Thank you everyone who came out to the Spring Student Recruitment and Networking Reception sponsored by Strata Decision Technology this past Thursday. For those who missed it: George Telthorst kicked things off with an overview of the life sciences industry.

We then heard from 4 representatives from different functions within Strata. Michael Wendt spoke about his work in project management, Gurprit Multani introduced the students to how Strata handle data integration, Lisa Block discussed helping clients through advanced planning and Kate Devereux – a Senior Recruiter at Strata – shared the process for pursuing internship and full time opportunities.

After the presentations, the Undergraduate and graduate students from the PLUS Life Sciences Academy had a chance to network around snacks and refreshments. 3 of the 4 Strata representatives also have IU degrees so it was exciting to hear them share memories and advise with the students.

Indiana Life Sciences Collaboration Conference- The Healthcare Industry in Pain Management & Addressing the Opioid Crisis

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The opioid crisis faced in Indiana and the U.S. developed through a combination of many factors. Some well-intentioned and some unintended. Healthcare can play a major role in how to combat the crisis and how to replace opioids going forward.  Representatives from insurers, providers, pharmaceuticals and medical device companies will provide an overview and update.

When: Friday, February 15th

Where: Cook Medical World Headquarters, Bloomington, IN

*Students receive complimentary registrations. To register, email Kelli Conder- kconder@indiana.edu

Spring Kelley Business of Life Sciences Student Information & Networking Reception

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OPEN TO STUDENTS ACROSS CAMPUS!

Join the Center for the Business of Life Sciences to learn about the life sciences industry & the Business of Life Sciences Certificate program at IU.

Students have the opportunity to learn about and network with representatives from Strata Decision Technology. Strata Decision Technology’s portfolio of offerings includes cloud-based SaaS financial planning, analytics and a performance platform for the healthcare industry. Their solutions address financial planning, decision support and continuous cost improvement requirements of healthcare providers.

Hors d’Oeuvres provided.

When: Thursday, February 7th @ 5:30pm-7:30pm

Where: Kelley (IUB) Godfrey Graduate & Education Building, CG3059

RVSP: Kelli Conder, kconder@indiana.edu

 

Kelley Healthcare Students Trek to Chicago Visiting Life Science & Healthcare Companies

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Contributors: Stephen Schenk, 2nd year Kelley MBA & Academy PLUS Life Sciences Student and Allison Lawler, 1st year Kelley MBA & Academy PLUS Life Sciences Student

First and second year Kelley MBA students had the opportunity to network with industry leaders and learn about healthcare and life sciences companies in the Chicago area. These students used their time off to join Kelley Center for the Business of Life Sciences Director George Telthorst on a Healthcare Trek organized by the Kelley MBA Healthcare Club.

“The healthcare trek in December was a great experience to interact and opportunity to learn more about five key healthcare players over the course of two days. During our trek, we had the opportunity to speak with CEOs, have transparent and insightful conversations with leadership panels, gained a better understanding of the company vision, and got to experience the culture of Strata, ZS Associates, Medline, AbbVie, and Baxter. I was extremely impressed with how detailed these company visits were and truly felt that the people we met were excited to showcase their company to Kelley and build a strong relationship with our school. I would absolutely go on another Healthcare Trek and appreciated how thoughtful and well executed this event was!”

– Allison Lawler, PLUS Life Sciences Academy 1st Year Member

 

Life Sciences Industry From Research to Patient Course Project Results

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X519 Winning MBA & Graduate Science Team

Pictured: Michael Strus, Aaron Malong, Wei-Hsun Huang, Suyuan Tian, Abiodun Ajayi, Vanig Bostanian and Chris Forhan

 

X419 Winning Undergraduate Business & Science Team

Not Pictured: Linya Liu, Isha Namuru, Amee Sangani and Xinyi Shen

Teams developed a reasonable best case commercialization path for startup Spring Medical Innovations LLC. Students were to first identify the attractiveness and make appropriate recommendations of a commercial opportunity from a best case scenario prior to committing valuable limited resources to further development. Teams made reasonable assumptions related to the commercialization steps to generate their best case scenarios. Any unreasonable assumptions were challenged during the Q&A period of the oral presentations. Teams justified their assumptions to the panel of industry judges.

INDIANA LIFE SCIENCES COLLABORATION CONFERENCE- The Changing Business of Healthcare

Posted on by kconder

by Stephen Schenk

2nd year Kelley School of Business Student & Member of the Kelley Academy PLUS Life Sciences

Earlier this November, I had the pleasure of attending the fall conference offering from the Kelley Center for the Business of Life Sciences. The conference topic was “The Changing Business of Healthcare” and is the first of three conferences the CBLS will put on this school year. The conference was one of the many free opportunities students in the PLUS Life Sciences Academy have to network with, and hear from, industry leaders across the healthcare spectrum.

WELCOME: Roche Diagnostics hosted the event at their corporate headquarters in Indianapolis and their President and CEO, Jack Phillips, led off proceedings with opening remarks and a great overview of Roche’s business. He really put into perspective important diagnostics can be in identifying various conditions now and in the future as we move toward more individualized healthcare.

KEYNOTE: Jack handed things off to Dr. Dan Brown, Founder and CEO of LifeOmic. Dr. Brown is a 3 time Indiana University Alum and best known for his founding of Interactive Intelligence, a cloud computing company which recently sold to Genesys for $1.4B. Dr. Brown is now focused on his new venture. LifeOmic is a software company that leverages the cloud, machine learning, and mobile devices to power precision healthcare. Dr. Brown’s presentation outlined how science, technology, and the healthcare system are changing to support an exciting move toward precision medicine. On the science front, Dr. Brown gave the crowd some much appreciated science-based strategies to live longer. In technology, Dr. Brown explained how the rise of the digital native could lead to better healthcare. Finally, he shared his vision for where the healthcare system is going and how science and technology disruption can move us toward a proactive healthcare system which is better for patients and populations.

 

 

 

 

 

 

PANEL: Following the stirring keynote, moderator Neal Roach of Taft Stettinius & Hollister led a discussion on transforming the healthcare experience. Each of the below panelists had opening remarks and then the panel opened up to questions from the audience:

  • Gurpreet Singh, US Health Services Sector Leader, PwC
  • Meg Rush, VP, Digital Strategy & Engagement, Anthem
  • Ketan Paranjape, VP of Diagnostics Information Solutions, Roche
  • Mike Mann, Senior Population Health Consultant, Intermountain Health
  • Colleen Hittle, Founder & CEO, ProVeritas Partners

BREAKOUT SESSIONS: A new component of this fall’s conference was a set of breakout sessions following lunch. This allowed participants a choice of which discussion to join with several panelists. The discussion spanned 3 major conversations topics: awareness, care, and engagement.  I chose to join the awareness breakout with panelist Gurpreet Singh and Ryan Terry, VP of Connectivity Solutions at Hill-Rom. The conversation was free flowing but one piece that stuck out was Gurpreet’s stat that a physician typically clicks his/her mouse 4000 times per day in order to fulfill electronic medical record requirements. We discussed how inefficiencies like this make it difficult to truly build price transparency with increasingly informed patients in the age of consumerized healthcare. Following the breakouts, each room reported out to the larger group.

CAMPUS TOUR: One of the things I was most excited about was the tour of Roche’s newly revamped Indianapolis headquarters. Being an Indianapolis native, I was surprised by the scale of Roche’s campus – which I must have driven by 1000 times prior to my first visit this fall without realizing it was all Roche Diagnostics property. Our guide shared how the site was built in the Bauhaus-style architectural as a nod to their Swiss parent company. The tour also included a view of the sales and training mock ups of all the diagnostics offerings.

SEE YOU IN THE SPRING:

The experience at Roche made me even more excited about the next CBLS conference: The Healthcare Industry in Pain Management and Addressing the Opioid Crisis. This is a fascinating, complex, and important topic that I look forward to learning more about in a few months. Stay tuned for a recap of that even come February

Kelley MBA Life Sciences Students Compete at UNC’s Healthcare Case Competition

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Contributor: Tim Zuberi, 2nd Year Kelley MBA Student & Member of Academy PLUS Life Sciences

MBA and life sciences students, Deepti Reddy, Tim Zuberi, Xue Wang, Taylor Truex and Suyuan Tian represented the Kelley School at UNC’s Healthcare Case Competition. Critical thinking, leadership and innovation are few of the skills they utilized through during the case competition. Working with a diverse team brought in unique perspectives and the comprehensive business case allowed the team to creatively look at the different facets of the healthcare industry to solve a real healthcare challenge.

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