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News in brief

Laser anti-wrinkle device gets FDA approval

10-Jun-2009

Related topics: Products & Markets

Palomar Medical Technologies has announced that the FDA gave it clearance to sell its home-use laser device direct to consumers without a prescription.

The device was developed in conjunction with Johnson & Johnson and is designed to reduce the appearance of wrinkles around the eye.

Commenting on the FDA decision Palomar CEO Joseph P. Caruso said: "This FDA clearance for a laser to treat wrinkles in the home opens up a tremendous opportunity to tap into the multi-billion dollar consumer skin care market with our patented technology.”

According to Reuters, Palomar’s share prices were trading up 21 per cent at $13.29 in Friday morning’s trading following the announcement.

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