Pharmaceutical company Sinclair Pharma has announced the acquisition of the group of companies forming the Cocoon Medical business.
Based in Barcelona, Spain, Cocoon has a portfolio of non-invasive lasers and cryolipolysis devices, with direct commercial operations in Europe, Latin America, Hong Kong and the US, and manages a network of more than 60 distributors. Cocoon’s leading cryolipolysis brands include Cooltech and Cooltech Define, and as well as the laser hair removal device Primelase.
Chris Spooner, CEO of Sinclair, commented, “Non-invasive aesthetic therapy regimens frequently involve the use of both injectables and energy-based devices, and it is Sinclair’s vision to service this need by offering our customers a full range of treatment options. Cocoon’s products combine outstanding technology, build quality and user flexibility with competitive pricing to generate an industry-leading value proposition. Moreover, our geographical reach with direct commercial affiliates in China, Korea, Russia, UAE, Europe and Latin America presents an excellent platform for our new energy-based devices operations.”