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BRIEF-Sinclair IS Pharma signs dermatology distribution deal

LONDON, Oct 1 (Reuters) - Sinclair IS Pharma PLC :

* Distribution agreement and placing to raise 9 mln stg

* Agreement with Valeant for Sculptra, and New-Fill in Western Europe, and an exclusive sub-distribution agreement for Succeev in Western Europe

* Sinclair IS will make an upfront payment of e9.0m for the rights

* Deal funded through a placing to raise 9.0mln stg, through issue of 32.1 mln new shares at 28p per share, a 4 pct premium to the closing price on 28 Sept

((London Equities Newsroom; +44 20 7542 7717))

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