" it may not be a very long wait for it to come to fruition given that their laser technology doesn't have to go through the same rigorous testing process as does a medical device."
I hate to break it to you, but Squalus' claimed laser technology is a medical device.
If you meant to say "pharmaceutical", then the testing for medical devices is equally rigorous, (especially in the US) but different. As you might expect.
News 
Market Data 
Discover 
