Medicis Pharmaceutical
Encyclopedia
Medicis Pharmaceutical is a medical cosmetics company headquartered in Scottsdale, Arizona
. It was founded in 1988. Among their products are Solodyn and Ziana for treating acne
, and Restylane and Dysport for treating facial wrinkle
s. As of September of 2011, the company has also sold it's rights to the LipoSonix system to Solta Medical, for $35 million. LipoSonix is an ultrasound device intended to help destroy fat deposits in the vicinity of the stomach, referred to as "belly fat".
GenDerm Corporation, a dermatology pharmaceuticals company. The merger was estimated to be worth $90 million. Medicis also acquired Ucyclyd Pharma, a Baltimore
-based private company, for $23.4 million in cash in April 1999. Ucyclyd's main product was Buphenyl (sodium phenylbutyrate
), used for treating urea cycle disorder
s. In 2005, they rejected a $2.2 billion unsolicited takeover proposal by Mentor.
and of his son Max Shacknai, which occurred within days of each other. The day after Zahau's death, Medicis had its sharpest one-day decline in stock price since February. Shacknai took time off from work following the deaths, and indicated that he would resume his regular attendance at Medicis' offices in September.
Scottsdale, Arizona
Scottsdale is a city in the eastern part of Maricopa County, Arizona, United States, adjacent to Phoenix. According to the U.S. Census Bureau, as of 2010 the population of the city was 217,385...
. It was founded in 1988. Among their products are Solodyn and Ziana for treating acne
Acne
Acne is a general term used for acneiform eruptions. It is usually used as a synonym for acne vulgaris, but may also refer to:*Acne aestivalis*Acne conglobata*Acne cosmetica*Acne fulminans*Acne keloidalis nuchae*Acne mechanica...
, and Restylane and Dysport for treating facial wrinkle
Wrinkle
A wrinkle is a fold, ridge or crease in the skin. Skin wrinkles typically appear as a result of aging processes such as glycation or, temporarily, as the result of prolonged immersion in water. Wrinkling in the skin is caused by habitual facial expressions, aging, sun damage, smoking, poor...
s. As of September of 2011, the company has also sold it's rights to the LipoSonix system to Solta Medical, for $35 million. LipoSonix is an ultrasound device intended to help destroy fat deposits in the vicinity of the stomach, referred to as "belly fat".
Corporate structure
In December 1997, Medicis acquired the Lincoln, IllinoisLincoln, Illinois
Lincoln is a city in Logan County, Illinois, United States. It is the only town in the United States that was named for Abraham Lincoln before he became president; he practiced law there from 1847 to 1859. First settled in the 1830s, Lincoln is home to three colleges and two prisons. The three...
GenDerm Corporation, a dermatology pharmaceuticals company. The merger was estimated to be worth $90 million. Medicis also acquired Ucyclyd Pharma, a Baltimore
Baltimore
Baltimore is the largest independent city in the United States and the largest city and cultural center of the US state of Maryland. The city is located in central Maryland along the tidal portion of the Patapsco River, an arm of the Chesapeake Bay. Baltimore is sometimes referred to as Baltimore...
-based private company, for $23.4 million in cash in April 1999. Ucyclyd's main product was Buphenyl (sodium phenylbutyrate
Sodium phenylbutyrate
Sodium phenylbutyrate is an orphan drug, marketed by Ucyclyd Pharma under the trade name Buphenyl and by Swedish Orphan International as Ammonaps.It has been used to treat urea cycle disorders....
), used for treating urea cycle disorder
Urea cycle disorder
An urea cycle disorder or urea cycle defect is a genetic disorder caused by a deficiency of one of the enzymes in the urea cycle which is responsible for removing ammonia from the blood stream. The urea cycle involves a series of biochemical steps in which nitrogen, a waste product of protein...
s. In 2005, they rejected a $2.2 billion unsolicited takeover proposal by Mentor.
Chief Executive Officer
Jonah Shacknai, 54, is the founder and CEO of Medicis Pharmaceutical. He came to media attention in 2011 due to the deaths of his girlfriend Rebecca ZahauDeath of Rebecca Zahau
Rebecca Mawii Zahau was a 32-year-old woman discovered dead on July 13, 2011, in a historic mansion in Coronado, California. Initial reports described her as being hanged to death while unclothed, with her hands bound behind her back and feet bound together...
and of his son Max Shacknai, which occurred within days of each other. The day after Zahau's death, Medicis had its sharpest one-day decline in stock price since February. Shacknai took time off from work following the deaths, and indicated that he would resume his regular attendance at Medicis' offices in September.