Action required: Please refresh your browser
We have recently implemented some changes that require a hard refresh of your browser: Please hold down the CTRL-key and press the F5 key.
After a successful hard refresh, this message should not appear anymore.
More details about this topic are available here »
Medical Aesthetics Market Growth Continues to Shine in Healthcare Industry | ||
By: PR Newswire Association LLC. - 20 Nov 2017 | Back to overview list |
|
PALM BEACH, Florida, November 20, 2017 /PRNewswire/ -- Medical aesthetics is a fusion of healthcare and beauty services to provide high-technology skin care that involves significant cosmetic change or enhancement. The treatments employed include injections of Botox and dermal facial fillers, body contouring, laser hair removal, chemical peels, many others. The global medical aesthetics market is estimated to grow at a CAGR of 10.8% from 2016 to 2021, projected to reach USD 13.29 billion. The adoption of aesthetic procedures is rising across the globe due to the growing aging population, increasing awareness about cosmetic procedures, growing safety and efficacy of aesthetic procedures owing to technological advancements, and rising middle class population. A steady inclination towards minimally invasive and non-invasive aesthetic procedures, rising demand for aesthetic treatments among the male population, and rapid growth in number of cosmetic procedures are driving the growth for the industry. Active in the markets today include: Milestone Scientific Inc. (NYSE: MLSS), Allergen plc (NYSE: AGN), Valeant Pharmaceuticals International, Inc. (NYSE: VRX), Merck & Co. Inc. (NYSE: MRK), Pfizer Inc. (NYSE: PFE), • Improved needle placement with a comfortable stylus grip • Precise dosing driven by an electronic motor • Uses the same comfort speed technology that has made dental injections painless • Efficient operation with an intuitive touch-screen interface • Simple integrated electronic record-keeping capability without a costly electronic medical records system • Operates wirelessly with high-capacity battery Allergen plc (NYSE: AGN) closed up slightly on Friday trading over 2.8 million by the market close. The company earlier this year received the US Food and Drug Administration (FDA) approval for the use of Botox for the temporary improvement of moderate-to-severe forehead lines. The latest approval makes the brand the first and only neurotoxin to be indicated for three facial treatment areas. It has already been approved for the treatment of "crow's feet" and glabellar lines. Valeant Pharmaceuticals International, Inc. (NYSE: VRX) Developments: TroyGould advised Haitong International Zhonghua Finance Acquisition Fund I, L.P. (the "Fund") in its $190 million cash acquisition of the Obagi Medical Products business from Valeant Pharmaceuticals International, Inc. The Obagi line of premium skincare products are designed to help minimize the appearance of premature skin aging, skin damage, hyperpigmentation, acne, and sun damage and are primarily available through dermatologists, plastic surgeons, medical spas, and other skin care professionals. Valeant Pharmaceuticals closed up over 2% on Friday at $14.69 trading over 10.9 Million shares by the market close. Merck & Co. Inc. (NYSE: MRK) also closed up slightly Friday with over 9.8 million shares traded on the day. Merck, known as MSD outside the United States and Canada, today announced that the Committee for Medicinal Products for Human Use (CHMP) of the European Medicines Agency (EMA) has adopted a positive opinion recommending approval of PREVYMIS™ (letermovir) for prophylaxis of cytomegalovirus (CMV) reactivation and disease in adult CMV-seropositive recipients [R+] of an allogeneic haematopoietic stem cell transplant (HSCT). The CHMP positive opinion will be considered by the European Commission. If the CHMP opinion is affirmed, the European Commission will grant a centralized marketing authorization with unified labeling that is valid in the 28 countries of the European Union (EU), as well as European Economic Area members, Iceland, Liechtenstein and Norway. Merck anticipates that the European Commission decision will be adopted within approximately two months. Pfizer Inc. (NYSE: PFE) recently announced that the U.S. Food and Drug Administration has approved a new indication expanding the use of SUTENT® (sunitinib malate) to include the adjuvant treatment of adult patients at high risk of recurrent renal cell carcinoma (RCC) following nephrectomy (surgical removal of the cancerous kidney). The approval was based on results from the S-TRAC trial that demonstrated a significant reduction in the risk of a disease-free survival (DFS) event (defined as the interval between randomization and tumor recurrence, or secondary primary cancer or death from any cause) for patients at high risk of RCC recurrence who received SUTENT compared to placebo in the adjuvant setting. SUTENT has been a standard of care for the treatment of advanced RCC since it was approved more than a decade ago, and is now the first approved adjuvant treatment option for certain patients at high risk of recurrent RCC - the most common type of kidney cancer.
This release contains "forward-looking statements" within the meaning of Section 27A of the Securities Act of 1933, as amended, and Section 21E the Securities Exchange Act of 1934, as amended and such forward-looking statements are made pursuant to the safe harbor provisions of the Private Securities Litigation Reform Act of 1995. "Forward-looking statements" describe future expectations, plans, results, or strategies and are generally preceded by words such as "may", "future", "plan" or "planned", "will" or "should", "expected," "anticipates", "draft", "eventually" or "projected". You are cautioned that such statements are subject to a multitude of risks and uncertainties that could cause future circumstances, events, or results to differ materially from those projected in the forward-looking statements, including the risks that actual results may differ materially from those projected in the forward-looking statements as a result of various factors, and other risks identified in a company's annual report on Form 10-K or 10-KSB and other filings made by such company with the Securities and Exchange Commission. You should consider these factors in evaluating the forward-looking statements included herein, and not place undue reliance on such statements. The forward-looking statements in this release are made as of the date hereof and MNU undertakes no obligation to update such statements. Contact Information: |
||
|
||
Copyright 2017 PR Newswire Association LLC. | Back to overview list |