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Cynosure wins approvals in three international markets

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Cynosure Inc. (NSDQ:CYNO) got the green light to market laser hair removal devices and a liposuction device in Asia and South America.

The Westford, Mass.-based cosmetic surgery device maker said its Elite MPX was approved by the Food and Drug Administration of Korea. Meanwhile, the company’s Elite Aesthetic Workstation was awarded marketing authorization by Colombia’s National Institute of Food and Drug Monitoring.

And Hong Kong’s Dept. of Health gave approval to Cynosure’s laser liposuction device, the Smartlipo MPX.

The regulatory wins should continue the company’s strong international growth. During the most recent quarter, the company’s international laser revenues grew 70 percent from the first quarter of 2009, an improvement Cynosure CEO Michael Davin chalked up to increases in the number of Cynosure’s international distributors and investments in expanding the company’s footprint in China and Korea.

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