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Medicis Likely Without Leader With Tragedies At Shacknai Mansion

  • BNET, Tuesday, July 19, 2011 9:30 AM
Medicis CEO Jonah Shacknai is unlikely to lead the pharma company, at least for now, following the death of his son at his house in Coronado, Calif., on the heels of the hanging death of his girlfriend.

While advisors and friends will probably tell Shacknai to take time off, rival Valeant has acquired Johnson & Johnson's skincare unit and plans to grab Sanofi's Dermik. Valeant CEO Michael Pearson called competitors Medicis and Allergan "lightweights."

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