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Palomar, Syneron Settle Patent Suits

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BURLINGTON, Mass., and YOKEAM, Israel, Sept. 23, 2011 — Cosmetic laser maker Palomar Medical Technologies Inc. of Burlington has announced the receipt of $31 million plus royalties from aesthetic device company Syneron Medical Ltd. of Yokeam in a comprehensive settlement agreement of their patent-infringement dispute over hair-removal systems. The settlement includes two nonexclusive patent license agreements. Under the first agreement, Palomar granted Syneron and its Candela unit a worldwide, irrevocable license to US Patent Nos. 5,735,844 and 5,595,568 for professional laser- and lamp-based hair removal technology. Under the second...Read full article

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    Published: September 2011
    AmericasBiophotonicsBusinessCandela Corp.cosmetic lasersGeneral Hospital Corp.hair removal systemsIsraellamp-based hair removalMassachusettsMiddle EastPalomar Medical Technologiespatent infringement disputeSyneron Medical Ltd.Lasers

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