Galderma to Acquire Award-Winning ALASTIN Skincare® and Enhance its Integrated Dermatology Platform to Continue Providing the Best Patient Experience

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  • ALASTIN Skincare® Was the Fastest Growing Brand in the U.S. Professional Skincare Market in 20201

  • ALASTIN’s patented and differentiated technology and products are highly synergistic with Galderma’s premium portfolio

  • Galderma will support product innovation and geographic expansion of ALASTIN’s portfolio

ZUG, Switzerland and CARLSBAD, Calif .– (BUSINESS WIRE) – Galderma, the world’s largest independent dermatology company, announced the signing of a definitive agreement to acquire ALASTIN Skincare®, Inc. (“ ALASTIN ”), a specialist aesthetics company dedicated to the development of innovative and clinically tested skin care products. The acquisition is subject to customary closing conditions and necessary regulatory approvals. Financial terms of the transaction were not disclosed.

ALASTIN’s premium skin care portfolio is fully complementary and synergistic with Galderma’s integrated dermatology platform. Founded in 2015, ALASTIN offers a comprehensive collection of leading edge, scientifically proven products for daily skin care regimens and peri-procedural use. ALASTIN’s product offerings are supported by its patented TriHex Technology®, a proprietary blend of peptides and active herbs to support the appearance of rejuvenated skin. Since its inception, ALASTIN has experienced rapid and steady growth in sales, reaching a CAGR of 106% between 2016 and 2020, one of the highest of any professional skin care company. ALASTIN Skincare® was ranked # 1 favorite skin care brand in a blind survey of doctors who sell ALASTIN and other skin care brands conducted by Corsica Life Sciences in December 2020. The company was named one of America’s Top Startup Employers by Forbes. in 2020 and 2021 and was named one of America’s fastest growing private companies on the INC 5000 2020 and 2021 lists.

“Galderma’s business consistently delivers strong results and remains at the forefront of this rapidly expanding market driven by growing consumer interest and acceptance of cosmetic procedures. The addition of ALASTIN, with its synergistic portfolio and expertise in scientifically proven skin care, increases our ability to serve consumer needs and underscores our commitment to be the partner of choice for aesthetic professionals.

“This transaction will further enhance our premium product offering and provide a tremendous platform for future growth. We look forward to welcoming the ALASTIN team to Galderma and partnering with them to advance the science of dermatology together. ”

FLEMMING ØRNSKOV, MD, MPH

CHIEF EXECUTIVE OFFICER

GALDERMA

By leveraging its global reach and integrated dermatology platform, Galderma will unlock the next phase of ALASTIN’s growth by reaching more healthcare professionals and consumers more effectively. Galderma will also support other product innovations in the ALASTIN portfolio, while simultaneously enabling cross-selling opportunities for ALASTIN products and technologies in the United States. represents an unprecedented opportunity for Galderma to better meet the needs of aesthetics professionals and patients.

“We are thrilled to be part of Galderma for the next step in ALASTIN’s growth story. We share the same vision to bring the highest levels of science and innovation to the professional skin care market, and I look forward to working with the team to leverage Galderma expertise in this space to propel the ALASTIN Skincare® brand to new heights.

DIANE S. GOOSTREE

PRESIDENT AND CEO

ALASTIN TREATMENTS

Ropes & Gray LLP is acting as legal counsel to Galderma, and Latham & Watkins LLP is acting as legal counsel to ALASTIN. William Blair & Company, LLC is the exclusive financial advisor to ALASTIN.

About Galderma

Galderma is the world’s largest independent dermatology company, with operations in approximately 100 countries. Since our inception in 1981, we have been driven by total dedication to dermatology. We offer an innovative and scientific portfolio of sophisticated brands and services in the fields of aesthetics, consumer care and prescription medicine. Focused on the needs of consumers and patients, we work in partnership with healthcare professionals to ensure superior results. Because we understand that the skin we are in shapes our life stories, we advance dermatology for every skin story. For more information: www.galderma.com.

About ALASTINE

ALASTIN Skincare® is the fastest growing physician-delivered skin care brand, with innovative, scientifically proven and clinically tested products. Founded in 2015, ALASTIN Skincare, Inc. offers a comprehensive collection of cutting edge products for daily skin care regimens and peri-procedural use. We strategically focus research and development on innovative products with the greatest potential impact for patients and providers. Our team’s mission is to bring the highest levels of pharmaceutical science and innovation to the physician-delivered skin care industry while creating a new category of products designed to synergize with procedures.

1 Kline Group Professional Skin Care 2020: US Market Analysis Report and Opportunities

Media contact

Galderma

Christian Marcoux, M.Sc.

Head of communications

[email protected]

+41 76 315 26 50

Shannon Iwaniuk

Global Communications, United States

[email protected]

+1 720 308 1336

ALASTIN

Media contact

Holly curtis

[email protected]

Source: Galderma


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