Alastin Skincare, Inc., a Carlsbad-based skincare company, has signed a definitive agreement to be acquired by Galderma, an independent dermatology company. Financial terms were not disclosed.
Galderma plans to unlock Alastin’s next growth phase as it reaches more healthcare professionals and consumers more effectively. Galderma will also support further product innovation of Alastin’s portfolio, while simultaneously enabling cross-selling opportunities for Alastin’s products and technologies in the U.S.
Founded in 2015, Alastin Skincare achieved a CAGR of 106% between 2016 and 2020 and ranked the No. 1 preferred skincare brand in a blinded survey of physicians conducted in December 2020. The company was named one of Forbes best start-up employers in America in 2020 and 2021 and one of the fastest growing private companies in America on the INC 5000 2020 and 2021 lists.Travel & Hospitality reporter Mariel Concepcion can be reached at email@example.com or 858-634-4625.