Candela announced today that it launched its new Profound Matrix system for radiofrequency-delivered skin treatments. Marlborough, Massachusetts-based Candela designed the Profound Matrix system to correct, maintain and restore skin. The multi-application system utilizes the Sublime, Sublative RF and new Matrix Pro applicators. Sublime and Sublative RF deliver bipolar radiofrequency (RF) treatments that improve the appearance […]
Candela Corp.
Syneron CEO Scafuri steps down, replaced by co-founder Eckhouse
After 4 years at the helm of Yokham, Israel-based Syneron Medical (NSDQ:ELOS), Louis Scafuri is walking away from the corner office of the aesthetic medical device company effective immediately.
Co-founder Shimon Eckhouse, who served as Syneron CEO from its founding in 1992 to 1999, was tapped to replace the outgoing Scafuri. Eckhouse will also serve as chairman, according to a press release.
Palomar, Syneron settle patent spat for $31M plus royalties | Legal News
Palomar, Syneron settle patent spat for $31M plus royalties
Palomar and Syneron Announce Settlement of Patent Infringement Lawsuits
Palomar and Syneron Announce Settlement of Patent Infringement Lawsuits
Comprehensive Settlement Covers Palomar’s Lawsuits Against Candela and Syneron
Obama’s health care strategy: Thank the Republicans
MASSDEVICE ON CALL — Democrats are showing some gratitude toward Republican presidential hopefuls in a kill-them-with-kindness strategy some are calling a "death hug."
White House hopefuls Mitt Romney, the former governor of Massachusetts, and Indiana’s current chief, Gov. Mitch Daniels, both felt the squeeze this week as liberals invoked their names in praise of progress toward health care reform.
Judge rules no infringement in Medtronic patent spat with Boston Scientific | Legal Roundup
Syneron’s Q4 losses narrow 73 percent on slight sales gain
Syneron Medical Ltd. (NSDQ:ELOS) posted fourth-quarter sales of $14.4 million for the three months ended Dec. 31, 2009, up 1.6 percent compared with $14.2 million during the same period in 2008. Net losses narrowed 72.6 percent to $4.3 million, compared with $15.9 million during Q4 2008:
Press Release
Syneron Reports Fourth Quarter and Full Year 2009 Results
Closed Acquisition of Candela Corporation in January 2010
Candela wins Chinese approval for cosmetic laser devices
Candela Corp. won clearance from China’s State Food & Drug Administration to bring two of its laser skin treatment devices to market in the People’s Republic.
Wayland, Mass.-based Candela, now a subsidiary of Syneron (NSDQ:ELOS), said the SFDA approved its Alex TriVantage and the GentleMax devices for sale in China and Hong Kong. Syneron CEO Louis Scafuri said the Chinese approvals open up the world’s largest market for cosmetic procedures.
UPDATE: Syneron closes $65 million Candela merger
Syneron Medical Ltd. (NSDQ:ELOS) closed a deal to snap up one of its main rivals, Candela Corp. (NSDQ:CLZR), for $65 million, leaving its shareholders owning 80 percent of the company and former Candela owners with a 20 percent stake.
The consummation of the deal, first announced Sept. 9, 2009, means Candela shareholders will receive 0.2911 Syneron shares for each share of Candela, or $2.84 per share, according to regulatory filings.
Candela shares were trading at $3.13 as of about 12:30 Jan. 5. Syneron shares were trading at $10.84 around that time.
