Legal Blog

Friday Factoid – 9.20.13

Botox was originally invented to treat muscular disorders such as uncontrollable eye-blinking. In 1991, Allergan purchased the rights to make this drug. Allergan then sought and received (in 2002) FDA approval to sell this drug for a new purpose – to treat facial wrinkles. Between 2002 and 2012, sales of Botox grew from $440 million to $1.8 billion. Source: http://www.businessweek.com/stories/2003-10-12/he-bet-on-botox-and-won http://news.investors.com/management-leaders-in-success/061913-660575-david-pyott-is-a-hands-on-manager.htm?p=full