Develops, manufactures, acquires and markets dermatology-focused specialty pharmaceutical products
PreCision Dermatology, based in Cumberland, Rhode Island, was a fully-integrated dermatology company with a mission to deliver therapies to physicians and patients that demonstrably improve the skin. The company operated in two key segments: Onset Dermatologics, which focused on prescription therapies, and PrecisionMD, which focused on physician dispensed products. The company’s high quality dermatology product portfolio included Locoid®, Hylatopic®, Clindagel®, Celfix DNA® and Relastin®, among others. In February 2014, the company entered into an agreement to be sold to Valeant Pharmaceuticals for $475 million in cash, plus an additional $25 million payable upon the achievement of specific milestones.
- Cumberland, Rhode Island
- Formerly Known As: Precision Dermatology
- Acquired by: Valeant Pharmaceuticals
- Exit date: July 08, 2014
“I have been on the Board of Directors of three Essex Woodlands-backed companies, one as Chairman, one as Executive Chairman and one as the only US-based Director. The Essex team is exceptional to work with; they are true partners with the management teams they back. Essex played a key role in helping to build these three rapidly growing companies. I look forward to the fourth deal!”
William W. Crouse
Chairman of the Board of Directors
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