Word: pyott
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Dates: during 2000-2009
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...only ones battling for the $14 billion Americans will spend this year to rejuvenate their aging faces. The overall aesthetics market, including laser devices and breast implants, is only going to keep growing, at a 25% annual clip, according to Allergan's calculations. Says Allergan chairman and CEO David Pyott: "Everyone is trying to work out how to play in the game." And he's right. Dermatologists, cosmetics giants, pharmaceutical companies, medical-device makers and spas are all trying to get rich selling youth to the nation's aging baby boomers, a group that's nearly 80 million strong...
...marketed here as Reloxin). Weeks before the deal was to close, Allergan, based in Irvine, Calif., swooped in and outbid Medicis by $200 million and also had to fork over $90 million to Medicis as a termination fee. "At first it was a somewhat defensive move," admits Allergan CEO Pyott. "But then I had a 'wow' moment. It was like playing poker when you know you have a winning hand...