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L’Oréal To Acquire CollaGenex

April 3, 2008

FRANCE: Galderma Pharma, the pharmaceutical company jointly owned by L’Oréal and Nestlé, has agreed to acquire CollaGenex Pharmaceuticals. The $420 million deal will be made through Galderma's U.S. holding company Galderma Laboratories Inc. The transaction's finalization is expected before the end of the second quarter this year.