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Allergan Inc to Acquire SkinMedica Inc's Skin Care Business


Friday, 16 Nov 2012 09:06am EST 

Allergan Inc announced that it has entered into a definitive agreement with SkinMedica Inc to acquire the privately held company`s topical aesthetics skin care business. Under the terms of the agreement, Allergan will pay SkinMedica $350 million up-front for the business, which includes a variety of physician dispensed non-prescription aesthetic skin care products and prescription products. Allergan will also pay SkinMedica an additional $25 million contingent upon the acquired products achieving a specific level of net sales. The acquisition, which is expected to close later this year, does not include the SkinMedica Colorescience aesthetic make-up line. SkinMedica will be spinning out the Colorescience business in connection with the closing of the acquisition.