Adeona Pharma buys California firm, plans to expand in Ann Arbor

Thursday, April 23, 2009 | Source: Concentrate

An Ann Arbor firm is expanding into California so it can add more people at home.

Excerpt:

Adeona Pharmaceuticals didn't just open an office in California, it bought one.

The Ann Arbor-based firm recently paid handsomely (but smartly) for Colwell Clinical Laboratories in Southern California. Adeona plans to use the CLIA-certified clinical laboratory’s services and test it has developed to expand an untapped part of its market.

"We're hoping to increase the type of testing they offer," says Steve Kanzer, chairman and CEO of Adeona Pharmaceuticals.

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