Endo Has A Huge Opportunity — And Allergan May Want A Piece Of It [Investor's Business Daily]
Evolus, Inc. (EOLS)
Last evolus, inc. earnings: 2/25 07:00 am
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Source: Investors Business Daily
Related news Endo Pharmaceuticals ( ENDP ) is closing in on a $400 million opportunity for treating cellulite in the U.S. — and that could prompt top dog Allergan ( AGN ) to seek a partnership, an analyst said Tuesday. There was significant interest on Endo's second-quarter earnings conference call about its drug, called collagenase clostridium histolyticum, or CCH, for cellulite treatment. Cellulite occurs when connective tissue under the skin, made of collagen, hardens and contracts, causing dimples. Cellulite affects 80%-90% of women post puberty. Endo's drug aims to break the collagen tethers to release the dimples and, potentially, smooth the skin. Mizuho analyst Irina Koffler says there are a number of reasons for Allergan to seek a partnership to market CCH internationally. "Allergan could get global rights to this product, which may drive revenue synergies with its other body contouring assets and facial injectables," she said in a note to clients. "We believe that Allergan a
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