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PhotoMedex extends global reach

This article was originally published in Clinica

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Executive Summary

Medical laser products developer PhotoMedex is looking to consolidate its presence in the global dermatology market with the proposed acquisition of Photo Therapeutics, a privately-owned, UK-based company specialising in dermatological treatment devices. PhotoMedex, of Montogomeryville, Pennsylvania, has definitively agreed to pay $13m upfront on closing of the transaction, and an additional $7m for gross profit milestones met by Photo Therapeutics for the period July 1 2008 and June 30 2009.

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This copy is for your personal, non-commercial use. For high-quality copies or electronic reprints for distribution to colleagues or customers, please call +44 (0) 20 3377 3183

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