Allergan buys medical aesthetics company
Ireland-incorporated Allergan (NYSE: AGN) on Friday announced it is expanding its already successful Botox medical aesthetics business with the acquisition of Bonti, a privately held clinical-stage biotechnology company focused on the development and commercialization of novel, fast-acting neurotoxin programs for aesthetic and therapeutic applications.
Allergan’s shares dipped 1% to close at $188.22 on Friday after the announcement.
Following completion of the acquisition, Allergan will obtain global rights to Bonti's pipeline consisting of two botulinum neurotoxin serotype E (BoNT/E) programs currently in Phase II development, EB-001A (aesthetic) and EB-001T (therapeutic).
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