(RVNC)—Allergan’s CoolSculpting franchise has become a commercial bust. 4Q19 worldwide sales of CoolSculpting consumables were $53.0M, -32% YoY, while 4Q19 worldwide sales of CoolSculpting systems/upgrades were $25.7M. -47% YoY (https://allergan.gcs-web.com/node/22536/pdf ).
Mark Foley* struck a helluva deal when he sold ZLTQ to AGN for $2.5B three years ago (#msg-128649430).
*Now CEO of RVNC.
“The efficient-market hypothesis may be the foremost piece of B.S. ever promulgated in any area of human knowledge!”