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Allergan acquires Zeltiq for $2.47 billion

It will enhance Allergan's medical aesthetics portfolio with addition of CoolSculpting system

Pharma packaging image via Shutterstock.
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<a href="http://www.shutterstock.com/pic-228917470/stock-photo-syringe-with-glass-vials-and-medications-pills-drug.html?src=pIxXQzvei39Goc3QCn5gHg-1-51" target="_blank">Pharma packaging</a> image via Shutterstock.

BS B2B Bureau Dublin, Ireland
Allergan Plc has acquired Zeltiq Aesthetics Inc, a medical technology company focused on developing and commercialising products utilising its proprietary controlled-cooling technology platform, for $ 2.475 billion.

The acquisition of Zeltiq will enhance Allergan’s global medical aesthetics portfolio with the addition of Zeltiq’s flagship CoolSculpting system, the sales leader in the fast-growing cash pay body contouring segment of medical aesthetics. The CoolSculpting system is FDA-cleared to affect appearance through lipolysis or reduction of unwanted fat using a patented cooling technology. CoolSculpting works by gently cooling targeted fat cells in the body to induce a natural, controlled elimination of fat cells without