Newspaper article Pittsburgh Post-Gazette (Pittsburgh, PA)

BUSINESS BRIEFS [Derived Headline]

Newspaper article Pittsburgh Post-Gazette (Pittsburgh, PA)

BUSINESS BRIEFS [Derived Headline]

Article excerpt

PPG's CEO takes his case to Amsterdam

Pittsburgh coatings giant PPG's top executive took the negotiations to the Netherlands on Thursday, telling reporters that a hostile bid for AkzoNobel NV could be an option. A Bloomberg news report quoted CEO Michael McGarry as saying, "We are not taking any options off the table," after the Dutch coatings and paint company this week rejected a sweetened $24.2 billion takeover.PPG's first offer was $22 billion.

Mylan recalls 81,000 EpiPen shots in countries outside U.S.

Local generic drug giant Mylan recalled about 81,000 EpiPen allergy shots in countries outside the U.S. after two reports of the device failing to work in an emergency. The recall affects EpiPens distributed in Australia, New Zealand, Europe and Japan, the company said. Mylan, which is run from executive offices in Cecil, told Reuters that when the devices failed, patients were able to get treatment with an alternate EpiPen. Mylan, which is the focus of multiple federal investigations, came under fire last year for raising the price of an EpiPen two-pack in the U.S. some 500 percent.

Lawrenceville biotech firm works out partnerships

Lawrenceville-based Helomics Corp. has reached a master research and development agreement with the University of Pittsburgh to collaborate in the development and commercialization of new and existing intellectual property and technologies. The five-year agreement came on the heels of Helomics' partnership with South Side-based Scope International USA Inc., a contract research organization, to co-market products and services while developing new business opportunities with potential partners in the pharmaceutical, clinical diagnostics and other industries. Helomics, a cancer diagnostics company that marketed its first product in 2005, was founded in 1995 and purchased by a group of investors including Franklin Park native and Pitt graduate Gerald Vardzel in December. …

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