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Palomar Medical Technologies, Inc. (PMTI) RSS Feed

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Posts (Total)
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Created
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Palomar | From Light Comes Beauty

 

Palomar Medical Technologies, Inc. (Nasdaq:PMTI) is a leading researcher and developer of proprietary laser and lamp (“light-based”) systems for cosmetic treatments. Palomar is uniquely focused on developing proprietary light-based technology that can be introduced to the mass markets. Clinical results indicate that Palomar’s technology can provide superior consumer benefits that cannot be achieved with currently available technology or products. Palomar is a pioneer in laser hair removal and is the first company to obtain clearance using laser systems from the FDA for "permanent hair reduction." Palomar hair removal systems have been installed in physician practices worldwide, where, to date, millions of treatments have been performed. Through its research partnerships, Palomar is testing new and exciting indications to further advance the hair removal market and other cosmetic applications, including fat reduction, acne treatment and skin rejuvenation.

Palomar is confident that the future of hair management lies in light-based treatments. In 2002, consumers worldwide spent an estimated $2 billion to have medical and spa professionals use light-based treatments to remove hair from their legs, underarms, bikini lines, upper lips, and backs. This professional light-based hair removal market is projected to reach $5 billion by 2007. Palomar has its sights set on capturing a piece of this multi-billion dollar market, and the potentially much larger consumer market, by making our technology available, accessible and affordable to everyone, everywhere. Palomar has also experienced great success in providing effective, comfortable, light-based clearance of pigmented lesions, vascular lesions, and acne, and has been conducting research in the field of light-based cellulite reduction.

Palomar has a suite of products for the professional market, which includes the Palomar StarLux™, MediLux™, and EsteLux® pulsed light systems. These light based systems cover a wide spectrum of cosmetic applications which include the removal of hair, acne, pigmented lesions and vascular conditions. The Palomar Q-YAG 5™ laser system is for tattoo and pigmented lesion removal. Palomar has traditionally dedicated a significant amount of its resources to developing new technology and products, and the Company expects this trend to continue for the foreseeable future.

Palomar is well positioned for success in developing and marketing new products for the light-based aesthetic treatment market. Due to the Company’s patented technology, management has been able to negotiate favorable licensing fees from a number of companies. Palomar sells systems for cosmetic applications that do not rely on health care reimbursements.

 

Key Statistics

 

Shares Outstanding5: 18.57M
Float: 17.02M
% Held by Insiders6: 13.35%
% Held by Institutions6: 59.20%
Shares Short (as of Nov 30, 2010)3: 910.41K
Short Ratio (as of Nov 30, 2010)3: 12.30
Short % of Float (as of Nov 30, 2010)3: 5.30%
Shares Short (prior month)3: 834.56K

 

Information On Infringement Lawsuit

 

U.S. Patent Office upholds Palomar's hair removal patent

June 15, 2009

http://www.massdevice.com/news/us-patent-office-upholds-palomars-hair-removal-patent

 

Palomar to Candela: It ain't over yet

July 30, 2009

http://www.massdevice.com/news/palomar-candela-it-aint-over-yet

 

Palomar reopens infringement lawsuit against Candela and Syneron

January 6, 2010

http://www.massdevice.com/news/palomar-reopens-infringement-lawsuit-against-candela-and-syneron




Contact Information:
Palomar Medical Technologies, Inc
82 Cambridge Street
Burlington, MA 01803
Phone: (781)-993-2300 Fax: (781) 993-2330
Email: info@palomarmedical.com

 

Website: http://www.palomarmedical.com/

 

PMTI StockChart

 

 

 

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