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KEY DEVELOPMENTS FOR PALOMAR MEDICAL TECHNOLOGIES INC. (PMTI)

Palomar Medical Technologies Inc. Receives 510(k) Over-the-Counter (OTC) Clearance from FDA for New, Patented, Home Use, Laser Device for the Treatment of Periorbital Wrinkles

06/5/2009

Palomar Medical Technologies Inc. announced that it has become the first company to receive a 510(k) over-the-counter (OTC) clearance from the United States Food and Drug Administration (FDA) for a new, patented, home use, laser device for the treatment of periorbital wrinkles. OTC clearance allows the device to be marketed and sold directly to consumers without a prescription. This consumer device was developed by Palomar and completed together with Johnson and Johnson Consumer Companies Inc. under a previously announced agreement to develop light-based anti-aging devices. Designed specifically for use in the home and based on years of research and clinical testing, this consumer device represents a major breakthrough in the aesthetic device industry.

http://investing.businessweek.com/research....asp?ric=PMTI.O

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