Galderma, a Switzerland-based pharmaceutical company, owned by food and beverage giant Nestle, plans to tap the Rs 30,000-crore skin care and beauty market in India. At present, it sells a little over 30 prescription-based medicines in the dermatology segment. It is now foraying into the anti-ageing injectible and over-the-counter (OTC) segments. It has introduced three to four products in the aesthetic and corrective segment, including its range of Restylane vital skin boosters. It planed at least 12 more products in the segment by 2017, of which about eight would be launched this year, said Madhusudhan H K, head of the company's aesthetic and corrective business in India. "There is a lot of new trends driving this business in India. We want to encash this opportunity by helping the consumer with more options," he said. He added the aesthetic and corrective business will be primarily focused on injectibles, as there is huge space, with demand for dermal fillers and other aesthetic treatments increasing rapidly in the country. The company is also expected to launch an OTC skin care business and has identified five specific brands for launche within the next two years. Galderma is targeting a five-fold growth in annual sales … Continue reading
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