Crescita Therapeutics acquires INTEGA Skin Sciences
Canadian topical drug developer Crescita Therapeutics (TSX:CTX) said today that it has acquired INTEGA Skin Sciences, a Montreal-based dermatology company which develops, manufactures, sells and markets science-based quality skin care products.
The share-based transaction is valued at around $8 million, payable in Crescita common shares valued at $2.44 a share, with a further $2 million payable on the achievement of milestones.
INTEGA, financially backed by Knight Therapeutics (TSX:GUD) and Bloom Burton Healthcare Lending Trust, owns the Canadian distribution rights for a number of well-known and established skin care brands, including Laboratoire Dr Renaud.
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