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Allergan to Acquire Knobbe Client SkinMedica

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 (subject to certain adjustments) 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.  Orange County Knobbe attorneys Dr. Salima Merani, Jeff Van Hoosear, and Dr. Jason Gersting assisted client SkinMedica with its intellectual property matters, including the acquisition.

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