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Galderma SA, Zählerweg 10, 6300 Zug, Switzerland
Galderma is the leading company solely dedicated to skin and advancing the future of dermatology. We deliver an innovative, science-based portfolio of sophisticated brands and services across Injectable Aesthetics, Dermatological Skincare and Therapeutic Dermatology. Through trusted partnerships with healthcare professionals, we ensure to meet individual consumer and patient needs with superior outcomes.
Key Personnel: Flemming Ørnskov, MD, MPH, chief executive officer; Thomas Dittrich, chief financial officer; Allison Pinkham, chief human resources officer; Adrian Murphy, global head of operations
Major Products: Skincare (Alastin, Cetaphil, Differin); prescription dermatology treatments; injectable aesthetics
New Products: Cetaphil—Vitamin C Serum, Ceramide Serum, Healthy Renew
Comments: Galderma Group AG is a pure-play dermatology company, and as of March 22, 2024, is publicly listed on the SIX Swiss Exchange. It represented the largest IPO placement in Switzerland since 2017, according to the Exchange.
Galderma’s dermatological skincare unit—home to Cetaphil, Differin and Alastin—recorded net sales of $351 million in Q1 2024, with year-on-year growth of 8.4% on a constant currency basis. The growth overall was mainly driven by volume and favorable product mix, according to officials. Cetaphil in international markets and Alastin both grew double-digits more than offsetting market softness in the US skincare market and lower US consumption of Cetaphil, according to the company.
“We started the year strong, continuing on Galderma’s growth trajectory and celebrating our first days of trading on the SIX Swiss Exchange. This is a testament to our proven integrated dermatology strategy and the focus of our employees globally, each committed to serving our healthcare professionals, consumers and patients worldwide. With attractive growth across our product categories and geographies, we are confident in our financial outlook for the year,” said CEO Flemming Ørnskov, MD, MPH.
In 2023, Cetaphil reached the $1 billion net sales mark for the first time in its history. According to Galderma, nine out of 10 US dermatologists recommend Cetaphil to their patients.
The mass market skincare brand has been taking bold steps to grow awareness with more consumers. For example, Cetaphil brand activations reached more than 5 billion impressions globally through campaigns for two events in the first quarter of 2024—#FaceOfCetaphil at New York Fashion Week and the #GameTimeGlow for the Super Bowl—along with locally tailored promotional activities.
More recently, Cetaphil rolled out a new campaign around Father’s Day designed to reach men.
Sales: $1.1 billion
Comments: Galderma is a privately-held company and the world’s largest independent dermatology company, with annual sales of $3.7 billion. It is present in approximately 100 countries. Galderma’s portfolio includes brands and services across aesthetics, consumer care and prescription medicine.
The company recently raised about $1 billion through a private placement of shares after plans for a stock market listing were delayed. The newly-issued shares are being divvied up between shareholders and management and undisclosed external investors per officials. Proceeds will be used to buttress its balance sheet and accelerate growth.
Galderma had a strong presence at the 25th World Congress of Dermatology (WCD) in Singapore last month. It presented almost 60 abstracts and convened separate symposium from Galderma’s Sensitive Skincare Faculty in collaboration with George Washington University.
Galderma also hosted an acne symposium at WCD featuring new phase IV study data investigating the efficacy and safety of trifarotene cream on acne and the risk of formation of acne scars.
Sales: $1.3 billion
Galderma is a privately-held company and the world’s largest independent dermatology company, present in approximately 100 countries. Its portfolio includes sophisticated brands and services across aesthetics, consumer care and prescription medicine.
In February 2022, Galderma and Taro Pharmaceutical Industries Ltd. signed a definitive agreement for Taro to acquire Alchemee, formerly The Proactiv Company. The agreement includes Alchemee’s business and assets around the world, including the Proactiv brand.
Also making news for Galderma in 2022 is its leading mass market brand Cetaphil. The sensitive skin care leader has revamped its skin care products with “new and improved” formulas featuring a dermatologist-backed blend of niacinamide (vitamin B3), panthenol (vitamin B5) and hydrating glycerin to improve skin’s overall resilience. The brand debuted its Sensitive Skin Awareness Month this past March, a digitally focused marketing campaign that arms consumers with science-backed guidance on how to identify, care for, and treat sensitive skin of all kinds.
Cetaphil revamped its skin care products with “new and improved” formulas featuring a dermatologist-backed blend of niacinamide, panthenol and hydrating glycerin to improve skin’s overall resilience.
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