Company Gains New Market for its Family of Gold Standard Pulsed Dye Lasers
WAYLAND, Mass.--(BUSINESS WIRE)--Candela Corporation (NASDAQ:CLZR) today announced that it has received registration approval from the Chinese State Food and Drug Administration (SFDA) to market the full line of Vbeam® lasers in the People’s Republic of China.
“We are delighted about the opportunity to now be able to offer the latest generation pulsed dye laser to the market in the People’s Republic of China.” said Candela President and Chief Executive Officer, Gerard E. Puorro. “With this approval, many of our products are now successfully being marketed in China, enabling us to offer the Chinese medical community a more comprehensive range of aesthetic laser solutions.”
Gerard E. Puorro added: “We are also honored to have a delegation of physicians from the People’s Republic of China visit the Candela corporate offices and factory in Wayland, Massachusetts on Tuesday, April 7, 2009. Through our partners, Chindex International, Inc., we have been working closely with the Chinese registration authorities and we hope to receive further approvals for additional products over the next several months.”
The Vbeam pulsed dye laser has an unparalleled 25-year proven track record of safety, reliability and efficacy for the treatment of a wide range of vascular conditions. The latest generation Vbeam features advanced micro-pulse technology, multiple handpieces, and a patented Dynamic Cooling Device™ (DCD™) allowing for fast and comfortable treatments, which is a particularly important factor when treating infants and children.
For more information visit http://www.candelalaser.com.
About CANDELA: Candela Corporation manufactures and distributes innovative clinical solutions that enable physicians, surgeons, and personal care practitioners to treat selected cosmetic and medical conditions using lasers, aesthetic laser systems, and other advanced technologies. Founded near Boston in 1970, Candela markets and services its products in 86 countries from offices and distributors in the United States, Europe, Japan, China and other Asian locations. Candela established the aesthetic laser market 20 years ago, and currently has an installed base of over 13,500 systems worldwide. Visit Candela on the Web at http://www.candelalaser.com.
Safe Harbor Statement: Except for the historical information contained herein, this news release contains forward-looking statements that constitute Candela Corporation’s current intentions, hopes, beliefs, expectations or predictions of the future, which are therefore inherently subject to risks and uncertainties. These statements include declarations regarding our or our management’s beliefs and current expectations. In some cases, you can identify forward-looking statements by terminology such as “may,” “will,” “should,” “expects,” “plans,” “anticipates,” “believes,” “estimates,” “predicts,” “potential” or “continue” or the negative of such terms or other comparable terminology. These forward-looking statements are subject to inherent risks and uncertainties in predicting future results and conditions that could cause the actual results to differ materially from those projected in these forward-looking statements. The risks and uncertainties that may affect forward-looking statements include, among others: the availability of, and our ability to successfully implement strategic and operational alternatives, the pendency of re-examinations of the ‘844 Patent and the ‘568 Patent before the PTO, our alleged infringement of the ‘844 Patent and the ‘568 Patent, the validity of the ‘844 Patent and the ‘568 Patent, our expected legal expenses, our exploration of strategic and operational alternatives, the expected recovery of our industry, our future revenue, gross margin, expense levels and earnings, our growth prospects, market acceptance of our products, the strength of our distribution channels, our ability to add new products, our ability to expand regulatory approvals and the liquidity of our common stock, the cancellation or deferral of customer orders, the risk of a material adverse judgment or increased litigation-related expenses in pending litigation matters, dependence on a small number of strategic distribution relationships, difficulties in the timely development and market acceptance of new products, unanticipated increases in expenses, market developments that vary from the current public expectations concerning the growth of the laser industry, increased competitive pressures, changes in economic conditions, or difficulties in obtaining timely regulatory approvals. Further information on factors that could affect Candela's performance is included in Candela's periodic reports filed with the SEC. Candela cautions readers not to place undue reliance upon any such forward-looking statements, which speak only as of the date made. Candela expressly disclaims any obligations or undertaking to release publicly any updates or revisions to any such statements to reflect any change in Candela's expectations or any change in events, conditions or circumstances on which any such statement is based.