Big pharma, M&A, Pharma

Valeant sells its dermatology products for $1.4 billion

Posted on 29 May 2014

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Valeant Pharmaceuticals International has entered into an agreement with Nestle to sell all rights to Restylane, Perlane, Emervel, Sculptra, and Dysport owned or held by Valeant for $1.4 billion in cash.

Galderma Laboratories has entered into an agreement with Valeant Pharmaceuticals International and related entities, through which Galderma will become the distributor of several key products in aesthetic dermatology.

Galderma will gain full rights to commercialize Restylane, Perlane, Emervel, Sculptra and Dysport for use in aesthetic dermatology in the U.S. and Canada.

Restylane, Perlane and Emervel are manufactured by Galderma and sold by its subsidiaries globally, except in the U.S. and Canada, where Valeant holds the distribution rights under terms of a pre-existing agreement with Medicis, which was acquired by Valeant in 2012.

Through this transaction, Galderma will be able to further develop and supply these innovative and leading brands globally.

For further deal information visit Current Agreements (subscription required)

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