Nextmune buys allergy products maker Spectrum
Spectrum Labs is now Spectrum Veterinary LLC after its purchase by the Swedish company Nextmune. Spectrum, based in Phoenix, provides tests and treatments for allergies in pets. The transaction terms were not disclosed. Spectrum founder Mervyn Levin, Ph.D., will leave the company within the next year. With the addition of Spectrum, “Nextmune goes from a European No. 1 to a global leader in allergy with sales in almost 80 countries worldwide,” Nextmune CEO Magnus Kjellberg said.