fate acquired december 2012 founded 1988 founder jonah shacknai headquarters bridgewater new jersey usa parent valeant pharmaceuticals website medicis.com medicis pharmaceutical was a medical cosmetics company founded in 1988 with headquarters in scottsdale arizona . 1 it was acquired by valeant pharmaceuticals in 2012 and in 2013 the company moved its headquarters to bridgewater new jersey . 2 among their products are solodyn and ziana for treating acne and restylane and dysport for treating facial wrinkles . 3 history edit medicis was founded in 1988 1 by jonah shacknai 4 and john holaday . 5 the company held its ipo in 1990 and launched its first products over the next year . 1 in december 1997 medicis acquired genderm corporation a dermatology pharmaceuticals company for 60m in cash . 6 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 disorders . 7 in 2005 they rejected a 2.2 billion unsolicited takeover proposal by mentor . 8 in september 2011 the company sold its 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 . 9 shacknai came to media attention in 2011 due to the deaths of his son max shacknai and subsequent suicide of his girlfriend rebecca zahau . 10 in 2011 medicis had 721 million in revenue and had a gross profit margin of roughly 90.7 percent . 3 in september 2012 canadian based valeant pharmaceuticals and medicis management agreed that valeant would acquire medicis for 2.6 billion dollars or 44 share 39 percent more than the stock s aug. 31 closing price . the deal was subject to shareholder and regulatory approvals . 11 it was the 11th acquisition for valeant that year and was expected to close the next summer . 12 the transaction was completed in december 2012 with medicis delisting and becoming a subsidiary of valeant and the board of directors disbanded . 4 later in december valeant dismissed 319 of medicis employees and retained 117 . 13 shaknai left the company at the acquisition and medicis executive vice president and coo became the executive vice president and company group chairman of valeant to run the subsidiary . 4 references edit a b c medicis 2011 annual report alltucker ken 30 july 2013 . medicis headquarters moving to new jersey . az central . retrieved 26 november 2015 . a b kelsey kaustinen 2012 09 05 . valeant nabs medicis for 2.6 billion . drug discovery news . retrieved 2012 10 14 . a b c angela gonzales for the phoenix business journal . dec 11 2012 valeant medicis complete merger with shacknai out staff . people nature biotechnology 24 366 2006 doi 10.1038 nbt0306 366 staff the pharma letter . dec 10 1997 medicis completes genderm acquisition medicis pharmaceutical corporation announces acquisition of ucyclyd pharma inc. gale healthwire 1999 04 19 retrieved 2011 09 17 feder barnaby j. 2005 11 22 . mentor leaves options open on its bid for medicis . the new york times . retrieved 2011 09 09 . medicis agrees to sell liposonix system to solta business week 2011 09 13 archived from the original on november 2 2012 loftus peter 2011 09 02 health industry death of medicis ceo s girlfriend ruled a suicide the wall street journal retrieved 2011 09 09 bloomberg news via the new york times . sept 3 2012 . valeant to buy medicis maker of dermatology drugs mark scott for the new york times . sept 4 2012 . valeant sticks to torrid pace of deal making angela gonzales for the phoenix business journal . dec 18 2012 how many medicis employees lost their jobs in valeant buy a lot retrieved from https en.wikipedia.org w index.php title medicis pharmaceutical & oldid 724243696 categories pharmaceutical companies based in new jerseycompanies based in scottsdale arizona navigation menu personal tools not logged intalkcontributionscreate accountlog in namespaces article talk variants views read edit view history more search navigation main pagecontentsfeatured contentcurrent eventsrandom articledonate to wikipediawikipedia store interaction helpabout wikipediacommunity portalrecent changescontact page tools what links hererelated changesupload filespecial pagespermanent linkpage informationwikidata itemcite this page print export create a bookdownload as pdfprintable version languages add links this page was last modified on 8 june 2016 at 01 08 . text is available under the creative commons attribution sharealike license ; additional terms may apply . by using this site you agree to the terms of use and privacy policy . wikipedia is a registered trademark of the wikimedia foundation inc. a non profit organization . privacy policy about wikipedia disclaimers contact wikipedia developers cookie statement mobile view