Printer Friendly
The Free Library
14,487,175 articles and books
Member login
User name  
Password 
 
Join us Forgot password?

Drug companies invade cosmetics' turf.


Forget the pharmacy. Two area drug makers want you to go straight from the dermatologist's office to Sephora and Macy's.

Irvine-based Allergan Inc. and Valeant Pharmaceuticals International Valeant Pharmaceuticals International is a pharmaceutical company with activities spanning the drug discovery pipeline from target identification through clinical trials and commercialization.  of Costa Mesa Costa Mesa (kŏs`tə mā`sə), city (1990 pop. 96,357), Orange co., S Calif., on the Pacific south of Santa Ana; inc. 1953. It is a transportation, residential, and light industrial center.  are pushing cosmetic versions of their prescription skin drugs in a bid to boost sales and profits.

For now, retail products are a small part of sales for Allergan and Valeant. But as for whether there's money to be made by recasting a product for vanity-conscious consumers, look no further than Allergan's Botox.

The wrinkle reducer drug, originally approved for neck spasms, is a key profit center and makes up a third of sales for Allergan, thanks to plastic surgeons using it to smooth over face wrinkles.

Allergan also is working with Elizabeth Arden Elizabeth Arden (December 31, 1878 - October 19, 1966) was a Canadian businesswoman who built a cosmetics empire in the United States.

Arden was born Florence Nightingale Graham in Woodbridge, Ontario, where she lived until she was twenty-four years old.
 Inc., the New York-based cosmetics maker, on a consumer version of its anti-oxidant cream Prevage. The cream is set to sell at Elizabeth Arden department store counters in early 2006.

The Prevage to be sold by Elizabeth Arden isn't the same one available from a doctor or pharmacy. The over-the-counter version is set to have half the amount of idebenone, Prevage's main ingredient.

Allergan and Elizabeth Arden also plan to market a non-prescription, professional-strength version called Prevage MD, which is expected to be sold through more than 1,700 doctors. The current Prevage formulation, which is sold through dermatologists without a prescription, costs around $100.

Valeant, too, is bringing a skincare drug out of the doctor's office.

In March, the drug maker signed actress Courteney Cox Courteney Bass Cox Arquette (born Courteney Bass Cox on June 15, 1964) is an American actress and former fashion model, best known for her role as Monica Geller in the hugely popular television sitcom Friends.  Arquette of "Friends" fame as its spokeswoman for Kinerase, a line of anti-aging products aimed at women 29 to 45. Up to now, Kinerase only was available through dermatologists and plastic surgeons.

Now it's at Sephora. "I'm a businessman. I'm here to maximize my brands and our company's value," said Wesley Wheeler, Valeant's president of North America North America, third largest continent (1990 est. pop. 365,000,000), c.9,400,000 sq mi (24,346,000 sq km), the northern of the two continents of the Western Hemisphere. .

Cox Arquette, who turns 41 this month, debuted as the face of Kinerase advertising in April. Valeant officials said they expect the campaign to have more influence in the second quarter and beyond.

The Kinerase retail push is another sign of change at Valeant under Chief Executive Timothy Tyson Timothy B. Tyson (born 1959) is a writer and historian from North Carolina, currently serving as Senior Scholar at the Center for Documentary Studies at Duke University, with secondary appointments in the Duke Divinity School and the Department of History. . The company, formerly known as ICN ICN International Council of Nurses.  Pharmaceuticals Inc., continues to remake itself after the 2002 ouster ouster n. 1) the wrongful dispossession (putting out) of a rightful owner or tenant of real property, forcing the party pushed out of the premises to bring a lawsuit to regain possession.  of founder Milan Panic.

Investors "recognize we're well along in our strategic plan and in the transformation," said Jeff Misakian, Valeant's director of investor relations Investor relations

The process by which the corporation communicates with its investors.
.

Tyson, a GlaxoSmithKline PLC veteran, has what analysts call "real-world" pharmaceutical experience.

During their time at what then was Glaxo Wellcome, Wheeler said he and Tyson started the first consumer marketing push for Valtrex, a herpes drug, after meeting with Food and Drug Administration officials.

Some 18 months ago, Valeant launched a pilot consumer push for Kinerase in Los Angeles and New York New York, state, United States
New York, Middle Atlantic state of the United States. It is bordered by Vermont, Massachusetts, Connecticut, and the Atlantic Ocean (E), New Jersey and Pennsylvania (S), Lakes Erie and Ontario and the Canadian province of
. For the test, the drug maker hired model Victoria Whitaker to appear in print ads that ran in InStyle, Lucky and Glamour magazines. She also was in cable TV commercials and on billboards in New York and on the Web.

"The point of that was to test the market," Wheeler said. "At that time, we were still thinking about whether we wanted to stay with dermatologists or did we want to branch out and compete with the consumer retail business."

Valeant tested the waters at Rite Aid stores in New York, but Wheeler said Valeant decided a drugstore chain wasn't the best fit for Kinerase, which sells for about $100 for a small bottle.

Valeant isn't forgetting about doctors, according to Wheeler. The company's sales representatives call on about 3,000 dermatologists for Kinerase.

The company is putting up displays featuring Cox Arquette in waiting rooms.
COPYRIGHT 2005 CBJ, L.P.
No portion of this article can be reproduced without the express written permission from the copyright holder.
Copyright 2005, Gale Group. All rights reserved. Gale Group is a Thomson Corporation Company.

 Reader Opinion

Title:

Comment:



 

Article Details
Printer friendly Cite/link Email Feedback
Title Annotation:UP FRONT
Author:Reed, Vita
Publication:Los Angeles Business Journal
Geographic Code:1USA
Date:Jun 13, 2005
Words:606
Previous Article:Financial pressure rises at L.A. area's hospitals.(UP FRONT)(Brief Article)
Next Article:Joking's over in radio litigation.(LAW)(Brief Article)
Topics:



Related Articles
Iman fashions cosmetics business; supermodel and actress Iman seeks to build a beauty empire. (Company Profile)
Chantal Pharmaceutical rolls out new wrinkle lotion. (Chantal Pharmaceutical Corp.)
ASTROTURF BOUNCES BEFUDDLE DODGERS : PITTSBURGH 5, DODGERS 4.(SPORTS)
COMININALITTLEHOT STREAKS PAST WILD ZONE FOR VICTORY.(Sports)
Amgen approval.(Review & preview: March 5-11)(Brief Article)
American Pharmaceutical Partners Inc.(drug licensing, Abraxane)(Brief Article)
Lunchtime facials.(cosmetic dermatology)
Synergistic reconstruction of a cervicofacial defect using a free-tissue transfer and a prosthesis.(HEAD AND NECK CLINIC)(Brief Article)
Drug tax.(Allergan Inc.'s botox drug to give tax regulators a break)(Brief article)
Cover up? A teen's effort to expose what's ugly about cosmetics.(LIFE: PUBLIC HEALTH)

Terms of use | Copyright © 2009 Farlex, Inc. | Feedback | For webmasters | Submit articles