With the addition of the Skin Resurfacing Dermalinfusion System to its portfolio of best-in-class medical aesthetics, Allergan acquires Envy Medical, Inc.
PRNewswire, March 26, 2019 | DUBLIN — A prominent international pharmaceutical firm, Allergan plc (NYSE: AGN), recently declared the completion of its acquisition of privately held Envy Medical, Inc., which has its own skin resurfacing technology. The addition of Envy's Dermalinfusion, a non-invasive, non-surgical skin resurfacing solution for the face and body, to Allergan's best-in-class Medical Aesthetics portfolio is made possible by the acquisition. Dermalinfusion is the only treatment that simultaneously exfoliates, extracts, and infuses the skin with professional quality serums utilizing medical-grade diamond treatment tips. It is available in doctor's offices, medical spas, and luxury spas. Each serum is uniquely designed to assist in treating a number of skin issues common to all skin types.
"Dermalinfusion from Envy Medical's purchase solidifies our dedication to skin care and our goal of providing consumers and customers of Allergan with a comprehensive range of options. In order to help our healthcare providers attract new patients for this and other dermal fillers procedures, Allergan has created a breakthrough technology for skin resurfacing that appeals to millennials and their focus on skin quality "stated Carrie Strom, Senior Vice President of Allergan's U.S. Medical Aesthetics.
Arash Khazei, CEO of Envy Medical, stated "We think the Dermalinfusion system is the pinnacle of non-invasive medical aesthetic devices, and it perfectly complements Allergan's line of goods. Dermalinfusion has always aimed to reach a wider audience, and Allergan's dedication to brand growth, innovation, and worldwide market expansion fully reflects this goal. We are ecstatic to work with Allergan."
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Medical aesthetics, eye care, the central nervous system, and gastroenterology are four of the main therapeutic areas that Allergan focuses on when marketing its portfolio of top brands and best-in-class products.
The Open Science strategy of research and development, which describes how Allergan approaches finding and creating game-changing ideas and innovation for better patient care, places us as an industry leader. With this strategy, Allergan has established one of the pharmaceutical sector's most extensive development pipelines.
The dedication of our international colleagues to living boldly is the driving force behind Allergan's success. Together, we create connections, fuel innovation, move quickly, and produce outcomes for our clients and patients all around the world by always acting morally.
With commercial activities in around 100 nations, Allergan is dedicated to collaborating with doctors, healthcare professionals, and patients to provide cutting-edge and significant medicines that improve people's daily lives and help them live longer, healthier lives.
Future-Looking Remark
Allergan's current perspective on current trends and information as of the date of this announcement is reflected in any forward-looking statements in this news release that allude to future events or other non-historical facts. Depending on a variety of variables affecting Allergan's business, actual results might be considerably different from what Allergan now anticipates. These elements include, among others, the challenge of anticipating the timing or result of FDA approvals or actions, if any; the impact of competitive goods and pricing; market acceptance and ongoing demand for Allergan's products; risks connected to divestitures, acquisitions, mergers, and joint ventures; challenges or delays in manufacturing; and other risks and uncertainties detailed in Allergan's recurring public filings with the Securities and Exchange Commission. Allergan disclaims any intention or duty to update any forward-looking statements, unless doing so is expressly called for by law.
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