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Investment

Galera purchases Australian pharmaceutical company

By Melina Druga  |   January 3, 2025   |   Companies

Malvern-based Galera Therapeutics, a biopharmaceutical company with a portfolio of small molecule superoxide dismutase mimetics, recently completed its purchase of Australia-based Nova Pharmaceuticals...

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New City Revitalization and Improvement Zone designated in Erie, Reading

By Melina Druga  |   January 2, 2025   |   Investment

Gov. Josh Shapiro’s administration recently approved Erie and Reading’s applications to participate in the City Revitalization and Improvement Zone (CRIZ) program. The administration opened the CR...

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Pittsburgh Regional Consortium to conduct study on business disparities

By Melina Druga  |   December 31, 2024   |   Featured

The Pittsburgh Regional Consortium, an intergovernmental working group, recently announced it will conduct the Pittsburgh Regional Disparity Study with MGT, a consulting firm serving state and local g...

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Philadelphia launches website tracking government operations, services

By Liz Carey  |   December 31, 2024   |   Investment

The new Philly Stat 360 website will give Philadelphia residents and businesses a new way to see how well the city is performing, officials said recently. Launched on Dec. 17, the website is desig...

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Shapiro highlights state economic accomplishments in 2024

By Melina Druga  |   December 30, 2024   |   Featured

Gov. Josh Shapiro recently highlighted how his administration’s efforts in 2024 are making Pennsylvania more economically competitive, attracting new businesses and creating jobs. “Pennsylvania...

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Sherlock Biosciences acquired by OraSure

By Liz Carey  |   December 30, 2024   |   Companies

Bethlehem, Pa.-based OraSure Technologies, a point-of-need and home diagnostics leader, announced recently it had acquired Sherlock Biosciences, Inc. a next-generation diagnostics company. OraSure...

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ACNB Bank gets shareholder approvals to acquire Traditions Bank

By Dave Kovaleski  |   December 30, 2024   |   Companies

ACNB Corporation and Traditions Bancorp each received shareholder approvals for ACNB to acquire Traditions Bank. Gettysburg-based ACNB is the holding company for ACNB Bank, while York-based Traditi...

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Ansys collaborating with Sony to test perception in autonomous vehicles

By Liz Carey  |   December 24, 2024   |   Companies

Pittsburgh-based Ansys announced it will collaborate with Sony Semiconductor Solutions Corporation to test perception in autonomous vehicle sensors. Using the Ansys AVxcelerate Sensors, the compan...

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PMF Industries announces plans to enter clean hydrogen market

By Melina Druga  |   December 24, 2024   |   Companies

Williamsport-based PMF Industries, a tubular components manufacturer, plans to invest more than $7 million to expand its Lycoming County-based manufacturing company and enter the clean hydrogen market...

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Westinghouse, Bulgarian energy ministry sign contract to conduct safety analysis to license a new nuclear fuel assembly design

By Melina Druga  |   December 23, 2024   |   Companies

Cranberry Township-based Westinghouse Electric Company and Bulgaria’s ministry of energy recently signed a contract for Westinghouse to conduct safety analysis regarding the licensing of a new nucle...

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Department of Labor & Industry awards 18 development boards nearly $5M

By Melina Druga  |   December 23, 2024   |   Investment

The Pennsylvania Department of Labor & Industry (L&I) recently awarded 18 development boards statewide nearly $5 million in Industry Partnership grants. The program focuses on education and trainin...

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First Commonwealth Financial Corporation acquires CenterGroup Financial

By Liz Carey  |   December 20, 2024   |   Companies

Indiana, Pa.-based First Commonwealth Financial Corporation said it had acquired CenterGroup Financial, Inc. of Cincinnati in an all-stock transaction valued at more than $54 million this week. Of...

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Kitron receives $5M U.S. Army order

By Melina Druga  |   December 20, 2024   |   Companies

The U.S. Army and allied forces recently placed an order with Kitron, a Scandinavian electronics manufacturing services company, with an annual value of more than $5 million for custom electronics. ...

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American Water Charitable Foundation awards $75,000 in workforce grants

By Melina Druga  |   December 20, 2024   |   Companies

The American Water Charitable Foundation, American Water’s nonprofit organization that contributes to communities where the company and its employees live, work and operate, recently awarded three n...

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Penns Woods Bancorp, Ohio bank holding company to merge

By Melina Druga  |   December 19, 2024   |   Companies

Ohio-based Northwest Bancshares, Inc., the bank holding company of Northwest Bank, and Williamsport-based Penns Woods Bancorp, the multibank holding company of Jersey Shore State Bank and Luzerne Bank...

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Palvella Therapeutics closes on Pieris merger; completes nearly $80M private placement

By Kim Riley  |   December 18, 2024   |   Companies

Wayne, Pa.-headquartered Palvella Therapeutics Inc. said on Dec. 13 it completed its merger with Boston-based biotechnology company Pieris Pharmaceuticals Inc. The transaction was approved by Pieri...

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Pittsburgh’s FNB Financial Center certified LEED Gold

By Liz Carey  |   December 18, 2024   |   Companies

The new corporate headquarters for Pittsburgh-based FNB Corporation recently received LEED Gold certification, officials with the U.S. Green Building Council said. The majority of FNB’s Pittsbur...

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Sila Services purchases A-Comfort Service

By Melina Druga  |   December 17, 2024   |   Companies

King of Prussia-based Sila Services, a home services platform, recently purchased Pittsburgh-based A-Comfort Service. "Sila's dedication to continuous investment in the development of tradespeople ...

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PPR Capital hits $1B in assets under management

By Dave Kovaleski  |   December 17, 2024   |   Companies

Private equity real estate investment firm PPR Capital Management reached two important milestones recently, surpassing $1 billion in assets under management (AUM) and $400 million in equity under man...

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First FDA-approved severe frostbite treatment now commercially available in United States

By Melina Druga  |   December 17, 2024   |   Companies

French-based SERB Pharmaceuticals, a global specialty pharmaceutical company with an office in West Conshohocken, recently announce its Aurlumyn Injection is now commercially available in the United S...

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