Everett Labs acquires Quinnova Pharmaceuticals from Amneal Enterprises

CHATHAM, N.J. — Everett Labs has acquired Quinnova Pharmaceuticals from Amneal Enterprises, Everett said Monday.

Everett Labs, a subsidiary of Spain-based Exeltis, said the purchase would help it expand into the U.S. dermatology and women's health markets. Financial terms of the deal were not disclosed.

"We believe dermatology is a very attractive opportunity for Everett in the U.S. market, and after an extensive search, we found Quinnova to be a great organization to help us grow this business," Everett Labs CEO Lucas Sigman said. "Quinnova offers important synergies for Everett with its innovative and entrepreneurial culture, as well as its dedicated and focused sales team, which is similar to Everett."