Palomar Sued by Alma Lasers Over Treatment Patent
Palomar Medical Technologies Inc., the developer of light-based systems for cosmetic treatments, was sued by Israeli rival Alma Lasers Ltd. seeking a judgment that a 2006 U.S. patent is invalid and not infringed.
Alma, with offices in Caesarea, Israel, and Buffalo Grove, Illinois, contends in a federal complaint that Burlington, Massachusetts-based Palomar since March has demanded that it take a license for the skin-treatment patent.
``Alma desires to sell its products free from the specter of Palomar's allegations of infringement,'' the company said yesterday in court papers in Wilmington, Delaware.
Palomar, with $123.8 million in sales last year, said it settled patent and trademark issues in 2007 with Alma over other inventions for hair-removal products, and Alma agreed to pay patent royalties plus interest and legal fees.
Kayla Castle, Palomar's investor relations manager, didn't immediately return a call seeking comment on the lawsuit.
Palomar fell 2 cents to $14.73 at 4:30 p.m. in Nasdaq Stock Market composite trading. The stock has fallen 4 percent this year.
The case is Alma Lasers Ltd. v. Palomar Medical Technologies Inc., 08CV574, U.S. District Court, District of Delaware (Wilmington).
To see the patent, click: 6,997,923.
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