Palomar Medical Technologies Inc. didn't infringe a patent related to laser hair-removal treatments held by Candela Corp., a U.S. jury found today.
Candela had sued in federal court in Lufkin, Texas, to stop its competitor from selling products related to one of its patents. Some of the claims on that patent are also invalid, Candela said in a statement.
``We won on all counts,'' Palomar Chief Financial Officer Paul Weiner said in an interview. Paul Lucchese, Candela's general counsel, didn't immediately return a call seeking comment.
Candela, based in Wayland, Massachusetts, makes light-based systems for cosmetic procedures, such as removing hair, wrinkles and varicose veins. The company has lost 70 percent of its value in Nasdaq Stock Market trading this year while Palomar has declined 28 percent.
Palomar, based in Burlington, Massachusetts, has a pending suit against Candela in federal court in Boston that could be worth ``tens of millions of dollars'' for the company, Weiner said. That case involves two Palomar hair-removal patents, the company said in a statement.
The case is Candela Corporation v. Palomar Medical Technologies Inc., 9:06-cv-00277, U.S. District Court, Eastern District of Texas (Lufkin).
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