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| Palomar Sues Candela for Patent Infringement
BURLINGTON, Mass., Aug. 10 /PRNewswire-FirstCall/ -- Palomar Medical Technologies, Inc. , a leading researcher and developer of light-based systems for cosmetic treatments, announced that yesterday it filed a lawsuit in the U.S. District Court for the District of Massachusetts against Candela Corporation for patent infringement. In this lawsuit, Palomar has accused Candela's light-based hair removal systems, including the GentleLase and GentleYag, of infringing U.S. Patent No. 5,735,844 ("the '844 Patent"). Palomar has an exclusive license to the '844 Patent from the General Hospital Corporation in Boston, Massachusetts. The patent claims asserted against Candela in this lawsuit include the same claims that Palomar successfully asserted against Cutera, Inc. as well as additional patent claims.
'No Place Like Home' in Biotech Stocks, Part III: Cutera, Inc. 1) Syneron Medical (ELOS) – designs, develops and markets aesthetic medical products currently relying heavily on FotoFacial RF skin treatment and developing a dental laser line of products. 2) Candela Corp. (CLZR) – designs, develops and manufactures aesthetic laser systems currently replacing the VBeam system with the more advanced Pulsed Dye Laser (PDL) Platform. 3) Cutera (CUTR) - designs, develops and manufactures aesthetic laser systems and other light-based equipment. 4) Laserscope (LSCP) – designs, develops and manufactures surgical and aesthetic laser systems and related surgical equipment. 5) Palomar Medical Technologies (PMTI) – researches and develops laser systems primarily for hair removal and to a lesser extent other cosmetic applications.
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