Beauty Buzz: The Brand Behind Botox Buys SkinMedica
The latest beauty industry buzz comes from two brands popular throughout the pages of NewBeauty. Allergan, the company behind Botox, has announced that it will be purchasing SkinMedica in a multimillion-dollar deal by the end of this year. SkinMedica’s range of physician-dispensed skin-care products and prescription products have been a big hit with NewBeauty readers and editors, even winning a NewBeauty Beauty Choice Award for Best Decollete Anti-Aging Product in 2011.
“Allergan is widely recognized for our leadership in the facial aesthetics area,” says David E.I. Pyott, Allergan Chairman of the Board, President and Chief Executive Officer. “The acquisition of SkinMedica will nicely complement our existing facial aesthetics business, which includes products such as Botox Cosmetic, Juvederm and Latisse, and will enable us to take a leadership position in the growing ‘physician dispensed’ topical aesthetics skin care category. Most importantly, the acquisition will allow us to expand our product portfolio to better meet the needs of our existing base of physician customers and their patients.”
We look forward to seeing what Allergan has in store for the SkinMedica brand. What’s your favorite SkinMedica product?