| Palomar sues Candela for patent infringement
Palomar Medical Technologies Inc. has filed a lawsuit in the U.S. District Court in Massachusetts against Candela Corp. for patent infringement. The Burlington-based Palomar asserts that Candela's light-based hair removal systems, including the GentleLase and GentleYag, have infringed on what it refers to as its "844 Patent." .
Aftermarket Movers: Cutera climbs
The company, which makes laser products for dermatologists and plastic surgeons for skin and wrinkle treatments, hair removal and other uses, said its second-quarter revenue exceeded its expectations and \"outpaced the overall strong growth in our industry.\" The Brisbane, Calif., company posted a net loss, but adjusted earnings and sales surpassed Wall Street\'s expectations. Cutera\'s shares jumped $1.11, or 5.1 percent, to $22.80 in after-hours trading on the INET electronic exchange. The stock closed down $1.01, or 4.5 percent, at $21.69 on the Nasdaq. Internet search engine Google Inc. also gained in the extended trading session, on news the company will be the exclusive search and keyword-targeted ad sales provider for MySpace.com, News Corp.\'s popular social networking site.
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