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February 14, 2016 1:25 PM ET

Personal Products

Company Overview of SkinMedica, Inc.

Company Overview

SkinMedica, Inc. develops and markets skin care products that rejuvenate skin. The company offers acne treatment products, age defense products, brighteners, cleansers and toners, glycolics, moisturizers, peels, redness relief products, retinols, scar recovery solutions, sunscreens, and systems and kits. It sells its products through physicians' offices in the United States, as well as through its online store. The company was founded in 1999 and is based in Carlsbad, California. As of December 19, 2012, SkinMedica, Inc. operates as a subsidiary of Allergan, Inc.

5909 Sea Lion Place

Suite H

Carlsbad, CA 92010

United States

Founded in 1999

110 Employees

Phone:

760-448-3600

Fax:

760-448-3601

Key Executives for SkinMedica, Inc.

Chief Executive Officer and Director
Age: 53
President
Age: 52
Chairman and Member of Compensation Committee
Age: 66
Co-Founder, Chairman of Scientific Advisory Board and Director
Age: 70
Compensation as of Fiscal Year 2015.

SkinMedica, Inc. Key Developments

Consumers Files Proposed Class-Action Lawsuit Against Allergan Inc. and SkinMedica

Consumers filed a proposed class-action lawsuit against Allergan Inc. and its subsidiary, SkinMedica, claiming that the companies have misbranded and unlawfully marketed Tissue Nutrient Solution (TNS), a skin-care product line containing human growth factors obtained from human foreskin tissue which could increase the risk of cancer and pose other health risks. The lawsuit, filed by consumer-rights law firm Hagens Berman in the U.S. District Court for the Central District of California, claims that for at least the past four years, SkinMedica has failed to disclose significant safety concerns associated with TNS products while marketing the products without appropriate government approval, proper labeling, or adequate safety studies. The suit alleges that in marketing their TNS products, Allergan and its subsidiary SkinMedica did not adequately disclose the health risks associated with these growth factors. The lawsuit is a proposed class action based upon California's consumer protection laws, and seeks to represent a class of all persons in the U.S. who purchased SkinMedica's TNS products during the last four years.

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