104229717_126x181Derms Development (Derms) was founded as a speciality pharmaceutical business founded by Sir Chris in 2006 with Richard Anderson, an expert in dermatology Pharma.

syrnges_196x196The company had an acquisition strategy that was to access products that were too small for major Pharma to actively promote. Under the ownership of the Derms Development vehicle however, a more focussed promotion and product portfolio management could be achieved. This enabled sales to grow year on year during the investment period from $0.5m to $12m by 2009.

Sir Chris’ input enabled the engineering of a trade sale to a strategic buyer for $30m.  The cash generative product portfolio developed by the Derms business was an attractive asset for many larger speciality Pharma acquirers.