Investors pushing opioid issues seek meetings with drugmakers

The Investors for Opioid Accountability, a coalition of institutional investors including Pennsylvania Treasurer Joe Torsella, have requested meetings with the boards of drugmakers Mylan and Depomed to discuss the sale of opioids and proposed governance reforms. The coalition said it was concerned with Mylan’s production of fentanyl products, which may then be treated by Mylan’s own generic version of naloxone, a drug used to reverse an overdose. Mylan, which is run from executive offices in Cecil, did not immediately return an email seeking comment.

Altoona software firm acquired by Ohio company

Altoona-based software company Delta Health Technologies has been acquired by Salo Solutions Inc. of Columbus, Ohio. The companies will maintain operations in both cities, with Salo CEO Tony Ott serving as CEO of Delta and Keith Crownover remaining as president of Delta. Both companies specialize in health carefocused information technology.

Bank of America taps market president for Pittsburgh

Bank of America appointed Brian Ludwick market president for Pittsburgh, overseeing the bank’s trust, business and commercial banking operations. Mr. Ludwick, 57, also will continue as market executive in Western Pennsylvania for the bank’s Merrill Lynch unit.

German cybersecurity company sets up base in Pittsburgh

Cybersecurity company Hornetsecurity, which is based in Hannover, Germany, has opened its U.S. headquarters Downtown. The company serves more than 30,000 business customers worldwide.

New Elliott director at Arconic

Arconic appointed Dave Miller, a senior portfolio manager at Elliott Management, to its board of directors. He replaces former Sherritt International executive Patrice Merrin, one of three Elliott-nominated directors elected to Arconic’s board in May. The activist New York hedge fund waged a proxy fight against Arconic that resulted in the resignation of chairman and CEO Klaus Kleinfeld in April.

Jack in the Box selling Qdoba for $350 million

Jack in the Box is selling the Qdoba restaurant chain to private-equity firm Apollo Global Management for $350 million in cash. The chain of Mexican restaurants has been a sore spot on the San Diego burger chain’s overall business, posting same-store sales declines throughout the last year. Jack in the Box Inc. has more than 2,200 restaurants, while Qdoba has more than 700 throughout the U.S. and Canada.