Aequus Pharmaceuticals announced it has entered into a definitive agreement to acquire TeOra Health as part of its growth strategy to build a commercial arm in Canada. TeOra is also in negotiations for multiple commercial stage products within hospital specialty markets expected to be announced by year end. Ian Ball, CEO of TeOra, will lead Aequus' commercial efforts as Chief Commercialization Officer.

Ian has over 20 years of experience in the pharmaceutical industry, with a proven track record leading multinational organizations. He is a recognized leader in life cycle management with a background in both branded and generic pharmaceuticals. Most recently as the Global Head of Brand Maximization and Life Cycle Strategy with Novartis, he was responsible for leading the organization through the recent patent losses of both Diovan and Gleevec, generating incremental value of over $400 million.

Aequus also announced the promotion of Anne Stevens to Chief Operating Officer. Ms. Stevens has been involved with the strategic growth of Aequus as a Director and VP of Corporate Development since its inception in 2013, and will continue to be focused on product and corporate strategy across the Aequus pipeline portfolio. Ms. Stevens brings over a decade of experience in the pharmaceutical industry and is a co-founder and Senior Partner at Northview Lifesciences with a proven background in portfolio management, business development, alliance management, market research and sales.