Galderma to buy ZO Skin Health for $1.5B

Swiss firm acquires the physician-dispensed brand (founded by Dr. Zein Obagi) from Blackstone. ~$330M sales. Complements Alastin & expands US pro channel. Closes Q4’26/early’27. Core EPS neutral in yr 1.

Buyers keep paying up for clinical, doctor-sold brands.$AAPLB