Debevoise Reps Drugmaker Galderma In Graceway Buy

Law360, New York (September 28, 2011, 8:06 PM EDT) -- Dermatological drugmaker Galderma Pharma SA reached a deal Wednesday to buy almost all the U.S. and Canadian assets of Graceway Pharmaceuticals LLC, including intellectual property rights and vendor contracts, in a bankruptcy-assisted sale, according to Graceway.

Graceway, which also deals in dermatological drugs, will seek authority to sell the assets under the U.S. Bankruptcy Code and through a concurrent receivership proceeding in Canada, the company said in a statement. The company did not disclose the price of the deal.

Galderma has agreed to buy Graceway's inventory, intellectual...
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