| Palomar sues Candela over patents
In the lawsuit, filed in the U.S. District Court in Massachusetts, Palomar said Candela\'s light-based hair removal systems, including GentleLas and GentleYag, infringe on patents it has exclusively licensed from General Hospital Corp. Palomar is seeking monetary damages and an injunction against further infringement by the Wayland, Mass.-based Candela. \"For over seven years, Palomar has sent Candela letters notifying Candela that its products need a license to the \'844 Patent and offering to grant Candela such a license,\" said Patricia Davis, the company\'s general counsel. Candela could not be immediately reached for comment. Palomar favorably settled a similar suit in June against Cutera Inc., which also makes skin laser treatments. Shares of Palomar fell 75 cents, or 2.1 percent, to $34.44 in morning trading on the Nasdaq, while Candela Corp.\'s stock dropped $1.40, or 9.5 percent, to $13.36 on the Nasdaq.
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.
Mall Offers Cosmetic Quick Fix
DALLAS -- A team of cosmetic surgeons is giving Botox and Restalyne shots in the oddest place. Forget the doctor's office, many North Texas women are coming to the mall for Botox and Restalyne, to a place called Klinger. Klinger is a spa, salon and "cosmedical" center all in one. The store teams with plastic surgeons from UT Southwestern Medical Center to provide safe, yet speedy light medical procedures. The war on wrinkles can be rigorous, not to mention pricey, but most women, like Stacy Merritt of Dallas, are in for the wrangling. .
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