Galderma

Galderma
Subsidiary of Nestlé
Industry Dermatology
Pharmaceuticals
Founded 1981
Founder M. Owen
Headquarters Galderma Pharma SA/Galderma SA Lausanne, Switzerland
Revenue €1.7 billion in 2013
Number of employees
 +6,000 (2017)
Parent L'Oréal (1981–2014)
Nestlé (1981–present)
Website www.galderma.com

Galderma S.A. is a pharmaceutical subsidiary specializing in the research, development and marketing of dermatological treatments. The company became a wholly owned subsidiary of Nestlé in 2014.

About

Galderma was formed in 1981 as a joint venture between Nestlé and L'Oréal.[1] The company, headed by President & CEO Humberto C. Antunes, has 33 affiliates in 100 countries[2] with a worldwide network of distributors and employs more than 5,000 people. The parent company is based in Lausanne, Switzerland, with Corporate Services in Paris-La Défense, France.

The Galderma Code of Ethics[3] lists all applicable legal requirements in the countries where Galderma operates. Galderma S.A. have extensive policies and procedures contained in other supporting documents.[4] talking in terms of environment, social aspects and business ethics..

History

The origins of Galderma date back to 1961 and the founding of the Owen dermatology company in Dallas, Texas, USA by M. Owen.

In 2007, the Galderma Global Corporate Campaign won the Medical Marketing Association's International Award of Excellence.

In 2010, sales reached 1.2 billion euros, an increase of 16.1% over 2009.

In 2011, Galderma acquired Q-Med, a Swedish medical-device company.[5]

In 2014, Nestlé bought back all the shares from L'Oréal, thus creating a new unit of Nestlé group called Nestle Skin Health. The transaction had a value of €3.1 billion (US$4.23 billion) and was paid for by Nestlé with 21.2 million L'Oréal shares.[6] L'Oréal paid €3.4 billion (US$4.63 billion) for the remaining 27.3 million shares.[6]

Activities

Galderma provides a range of products used to treat acne, rosacea, psoriasis and other steroid-responsive dermatoses (SRD), onychomycosis (fungal nail infections), pigmentary disorders, skin cancer and skin senescence. Galderma’s products sell in more than 70 countries.

The company invests substantially in research and development and sources new treatments from its own activities and from its partnerships with others. It divides its research and development departments between four sites:

  • Sophia Antipolis, France. This 25.000-sq. meter center is the company's largest facility.
  • Uppsala, Sweden (research and development). This center develops hyaluronic acid-based products which are manufactured using the NASHA technology.
  • Princeton New Jersey, USA (clinical development).
  • Tokyo Japan (clinical development).

Galderma has manufacturing facilities at the following locations:

  • The Alby-sur-Chéran plant in France, inaugurated in 1994, supplies over 70 countries.
  • The Baie d'Urfé (Montreal) facility in Canada started production in 2000 and supplies North America.
  • The plant in Uppsala, Sweden, manufactures aesthetic and corrective products.
  • The Hortolândia site in the state of São Paulo, Brazil serves South America.

The French and Canadian plants have grown in order to improve and increase production capacity. As of 2011 the four sites combined produced over 100 million units.

Notes and references

  1. ↑ Nestlé
  2. ↑ "Dermatology company". Galderma. Retrieved 2012-06-10.
  3. ↑ "Galderma Code Of Ethics". Retrieved 2013-02-27.
  4. ↑ "Galderma Supplier Code". Retrieved 2013-02-27.
  5. ↑ "Nestlè Financial Statement 2012" (PDF). Galderma. Retrieved 2013-02-26.
  6. 1 2 Socha, Miles (11 February 2014). "L'Oréal to Buy 8% of Share Capital From Nestlé". WWD. Retrieved 11 February 2014.

See also

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