Home / Insurance Tips / Valeant Canada divests aesthetics unit to Montreal’s Intega Skin Sciences

Valeant Canada divests aesthetics unit to Montreal’s Intega Skin Sciences

Valeant's head office in Laval, Quebec.

MONTREAL – Prolific acquirer Valeant Pharmaceuticals International Inc.’s Canadian division is going to make a move a little bit different: divest part of its aesthetics division in order to refocus the company’s operations.

On Monday, the Montreal-based dermatology company Intega Skin Sciences Inc announced it had signed a contract with Valeant Canada to get Valeant’s Groupe Cosmderme, which includes Laboratoire Dr Renaud, Pro-Derm and Premiology, three high-end medical skincare brands developed and produced in Laval, Que. 

“A part of our strategy to build Intega is to aggressively look for possibilities to buy the rights to products and firms,” said Gregory Orleski, president and CEO of Intega who also worked with ICN Canada Ltd., which later became Valeant.  

“I approached them saying I had been interested in purchasing the business. It had not been easy, however they finally paid attention to me and we came to a contract,” Orleski said within an interview.

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