Waldencast Says FDA Approves Obagi Saypha MagIQ Injectable Hyaluronic Acid Gel

-4.12%

Waldencast Acquisition Corp. Class A

WALD

2.33

-4.12%

Waldencast plc (NASDAQ:WALD), a global multi-brand beauty and wellness platform, today announced that the U.S. Food and Drug Administration ("FDA") has approved Obagi® saypha® MagIQ™ injectable hyaluronic acid ("HA") gel, the first product in the Obagi® saypha® collection under the Obagi Medical brand. This approval marks Waldencast's entry into the U.S. HA dermal filler market through Obagi Medical and reinforces the Company's ambition to become a multi-product innovator in aesthetics, doubling Obagi Medical's total addressable market to approximately $4.2 billion by 2029.

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