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Nestle to Buy Skincare Rights From Valeant for $1.4 Billion

Nestle SA, the world’s biggest food company, said it will expand its skincare unit in North America by paying $1.4 billion in cash for commercial rights to sell some Valeant Pharmaceuticals Inc. products.

The purchase includes corrective facial aesthetic treatments Restylane, Perlane and Emervel in the U.S. and Canada, as well as Dysport, an aesthetic dermatology treatment. Nestle, whose Galderma unit already sells those medicines outside North America, will also acquire global rights for Sculptra.