Laser Innovation, Part 3, Palomar

This is the third of five articles designed to aide you in understanding the various companies designing and producing lasers for use in cosmetic medicine. This article covers Palomar Medical Technologies:

Palomar Medical Technologies

Palomar Medical Technologies, Inc. is a researcher and developer of light-based systems for hair removal and other cosmetic procedures. In 1997 Palomar obtained FDA clearance for the first high powered laser hair removal system and high power diode laser system. In 1999 Palomar obtained FDA clearance for a sub-zero cooled laser system. In 2001 Palomar introduced the Q-Yag5 system for tattoo and pigmented lesion removal. In 2004 Palomar signed a Development and License Agreement with The Gillette Company to complete development and commercialize a patented home-use, hair removal device for women. In 2004 Palomar signed a Development and License Agreement with Johnson & Johnson Consumer Companies, Inc, a Johnson & Johnson company, to develop, clinically test and potentially commercialize home-use, light based devices for reducing or reshaping body fat including cellulite; reducing appearance of skin aging; and reducing or preventing acne. They have one operating subsidiary, Palomar Medical Products, Inc. located at Palomar's headquarters in Burlington, Massachusetts, which oversees the manufacture and sale of Palomar's lamp and laser based systems currently on the market. The Company conducts business in one industry segment, medical and cosmetic products and services.