Palomar Medical Signs Agreement With Johnson & Johnson Consumer Companies to Develop Home-Use, Light-Based Devices for Skin Reju
07 9월 2004 - 10:00PM
PR Newswire (US)
Palomar Medical Signs Agreement With Johnson & Johnson Consumer
Companies to Develop Home-Use, Light-Based Devices for Skin
Rejuvenation, Acne and Cellulite BURLINGTON, Mass., Sept. 7
/PRNewswire-FirstCall/ -- Palomar Medical Technologies Inc
(NASDAQ:PMTI) said today that they signed an agreement with Johnson
& Johnson Consumer Companies, Inc ("JJCC"), a Johnson &
Johnson company, to develop, clinically test and potentially
commercialize home-use, light-based devices for (i) reducing or
reshaping body fat including cellulite; (ii) reducing appearance of
skin aging; and (iii) reducing or preventing acne. The agreement
provides for JJCC to fund Palomar's development and clinical
studies during an initial proof-of-principle phase. Commenting on
the agreement, Palomar Chief Executive Officer Joseph P. Caruso
said, "This agreement with JJCC enables Palomar to continue
early-stage research and development of light-based technology in a
wide-array of fields for introduction to the consumer market. We
are positioned with the best possible partner in these fields." The
agreement provides for continued research and development of light-
based technology and even possible product commercialization, if
testing and regulatory requirements are met. Further details of the
agreement are contained in a corresponding filing with the
Securities and Exchange Commission. About Palomar Medical
Technologies Inc: Palomar is a leading researcher and developer of
light-based systems for hair removal and other cosmetic treatments.
New and exciting indications are being tested to further advance
the hair removal market and other cosmetic applications. Palomar
pioneered the optical hair removal field, when, in 1997, it
introduced the first high- powered laser hair removal system. Since
then, many of the major advances in light-based hair removal have
been based on Palomar technology. There are now millions of
light-based cosmetic procedures performed around the world every
year in physician offices, clinics, spas and salons. For more
information on Palomar and its products, visit Palomar's website at
http://www.palomarmedical.com/. To continue receiving the most
up-to-date information and latest news on Palomar as it happens,
sign up to receive automatic e-mail alerts by going to the E-mail
Alerts page in the Investor Relations' section of the website.
Contacts: Investor Relations Palomar Medical Technologies Inc
781-993-2411 DATASOURCE: Palomar Medical Technologies, Inc.
CONTACT: Investor Relations: Palomar Medical Technologies Inc,
+1-781-993-2411, Web site: http://www.palomarmedical.com/ Company
News On-Call: http://www.prnewswire.com/comp/107555.html
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