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Everett Laboratories acquires Quinnova Pharmaceuticals

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Chatham-based Everett Laboraties Inc., a subsidiary of Spain-based Exeltis, announced Monday its acquisition of Quinnova Pharmaceuticals from Bridgewater-based Aneal Enterprises LLC. Terms of the deal were not disclosed.

According to the announcement, the acquisition will result in the strategic expansion of Everett into the fast-growing U.S. dermatology market. As a member of the Exeltis family, the acquisition will allow Quinnova to leverage extensive resources and capabilities in research and development, marketing strategy, intellectual property and business development worldwide. This broad-based support will enable Quinnova to be positioned to accelerate growth and development of its product portfolio and development pipeline.

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