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.

Kanzer plans to leave Colwell’s five people out in California. In the mean time he hopes to add another 5-10 people to Adeona’s Ann Arbor operations within the next year or two. The company already employs seven people, some independent contractors and the occasional sumer intern.

Adeona is a specialty pharmaceutical company specializing in awareness, diagnosis, prevention and treatment of subclinical zinc deficiency and chronic copper toxicity in the mature segment of the population.

Source: Steve Kanzer, chairman and CEO of Adeona Pharmaceuticals
Writer: Jon Zemke