THE WHAT? Flemming Ornskov, Galderma CEO, has stated he is ‘doubling down on science’ ahead of the company’s preparation for an IPO.
THE DETAILS Ornskov is said to be accelerating research spending and adding dermatologists and medical specialists to the roster in a bid to navigate the skincare business on a new course.
Ornskov is looking to succeed where former owner Nestle failed, with the parent company struggling to keep profits up as key patents expired.
Speaking in an interview with Bloomberg, the chief exec has stated that the company is now in a better position, with new offerings, and international and online expansion helping to bolster the brand over the past year.
THE WHY? The change in direction for the company comes as banks have been prepared for a possible Initial Public Offering in the second quarter of 2022, most likely on the Swiss exchanged, according to a source.
Ornskov said, “People are willing to pay a premium if you give them a premium product. When consumers have many choices, you want to say to them, ‘If you get our products, they are scientifically based. They are differentiated.’
Aesthetic medicine products are developed and regulated to meet stringent safety and efficacy standards. They are typically administered by trained healthcare professionals such as dermatologists, plastic surgeons, and specialized nurses in clinical settings. These products aim to provide effective solutions for cosmetic enhancement, skin rejuvenation, and overall aesthetic improvement, contributing to both physical appearance and self-confidence.
Key categories of aesthetic medicine products include:
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Injectables: This category includes products such as dermal fillers, botulinum toxins (e.g., Botox), and collagen stimulators. These injectables are used to smooth wrinkles, add volume, and improve facial contours.
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Skin Rejuvenation Treatments: Products like chemical peels, microdermabrasion systems, and laser devices are used to improve skin texture, reduce pigmentation irregularities, and enhance overall skin tone.
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Skincare Products: These include medical-grade cleansers, moisturizers, serums, and topical treatments containing active ingredients like retinoids, antioxidants, and growth factors. They are formulated to address specific skin concerns such as acne, aging, and hyperpigmentation.
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Hair Restoration Products: Medical treatments and products designed to promote hair growth and treat conditions such as male and female pattern baldness.
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Body Contouring and Fat Reduction: Devices and products used for non-surgical body sculpting, such as cryolipolysis (cool sculpting) devices and injectable lipolytics.
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Cosmeceuticals: High-performance skincare products that bridge the gap between cosmetics and pharmaceuticals, often containing potent ingredients with proven clinical benefits.
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Wound Care and Scar Management: Products like silicone sheets, gels, and advanced wound dressings used to improve healing and reduce the appearance of scars.
