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Former Shire CEO shakes up Galderma as IPO decision looms

Flemming Ørnskov is "doubling down on science" and readying Galderma, formerly owned by Nestle, for competition with the likes of Sanofi.

Photo: Shire/ PR

Flemming Ørnskov led Shire's expansion into rare diseases before the drugmaker's USD 62bn (DKK 399.3bn) sale to Takeda Pharmaceutical Co. in 2019. Now he's plotting a new course for a skincare business that Nestle SA gave up on.

Ørnskov, who took the reins of Switzerland-based Galderma two years ago, said in an interview that he's "doubling down on science," accelerating research spending and adding dermatologists and medical specialists as the company prepares for a potential initial public offering.

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