Medicis Agrees to Buy LipoSonix

Word Count: 789 | Companies Featured in This Article: Medicis Pharmaceutical, Allergan, Cynosure Medicis Pharmaceutical Corp. is making a big bet on the burgeoning field of cosmetic body shaping -- which removes fat deposits from targeted body areas -- by agreeing to acquire closely held LipoSonix Inc. for more than $150 million. The acquisition poses considerable risks because LipoSonix has yet to crack the biggest potential market -- the U.S. Though it sells its fat-melting systems in Germany, Austria, Italy and Spain, it still must apply for and win Food and Drug Administration approval for the U.S. LipoSonix, based in Bothell, Wash., near Seattle, focuses ultrasound energy under the skin to destroy... [read full story]