Allergan Completes SkinMedica Buy

Irvine-based Allergan said today that it has completed its $350M acquisition of Carlsbad-based SkinMedica, the developer of aesthetic skin care products. The acquisition had been announced on November 12th. As part of the acquisition, SkinMedica said it has spun out its Colorescience aesthetic make-up business as a new company. SkinMedica was venture backed by Apax Partners, Domain Associates, EuclidSR Partners, HealthCare Ventures, Montagu Newhall Associates, Montreux Equity Partners, Perseus-Soros BioPharmaceutical Fund, Split Rock Partners, St. Paul Venture Capital, and Versant Ventures.