Industry Segment: Pharmaceutical & Biotech | Word Count: 302 Words
SUGAR LAND--February 15, 2017--Reported by Annette Kreuger, Industrial Info Resources (Sugar Land, Texas)--Allergan plc (NYSE:AGN) (Dublin, Ireland) continues its buying spree with the $2.5 billion bid for Zeltiq Aesthetics (NASDAQ: ZLTQ) (Pleasanton, California). Why Zeltiq? The company complements Allergan's medical aesthetic portfolio, as its lead product is the CoolSculpting System, an FDA-cleared system that reduces unwanted fat. Using patented cooling technology, it is a non-invasive alternative to liposuction.
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