Executive Laser Report
A Monthly Communication from Emerging-Trends
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January Highlights

Alcon’s US affiliate, Alcon Laboratories, is on Fortune’s “100 Best Companies to Work For” list for the 10th consecutive year.

Alma Lasers filed an IPO registration statement with the SEC .

American Medical Systems reported preliminary 4Q07 sales were up 12.7% compared to 4Q06.

AngioDynamics’ financial results for 2Q08 showed a 70% increase vs. 2Q07.

• A federal judge ruled that AngioDynamics did not infringe on Diomed’s patent and denied Diomed’s motion for contempt.

• Preliminary 4Q and full-year 2007 financial numbers show that Bausch & Lomb expects 4Q07 net sales to increase about 10% compared to 4Q06.

Bausch & Lomb plans to buy eyeonics, a privately held ophthalmic medical device company headquartered in Aliso Viejo , CA , that is known for its Crystalens accommodating IOL.

• A new study shows that contact lens solutions – such as Bausch & Lomb’s ReNu or Advanced Medical Optic’s Complete, both of which were recalled due to corneal infections – do not kill biofilms, which may cause such infections. In related news, Bausch & Lomb sued its insurers over their failure to help defend the company against more than 1,000 product liability lawsuits related to B&L’s recalled contact lens solution. B&L also is party to a settlement with the State of New York for environmental cleanup costs at the site of the former Rochester Fire Academy .

• Based on a preliminary review, Biolase expects to report net revenue of more than $20 million for 4Q07, its highest level of quarterly revenue recorded to date.

Cynosure and its largest shareholder, El.En. SpA, filed a patent infringement lawsuit against CoolTouch.

• Total Vein Solutions, a defendant in Diomed’s effort to enforce its ’777 patent, filed for Chapter 11 bankruptcy protection. In other news, Diomed lost its exclusive right to market Luminetx’ VeinViewer imaging system.

Novartis’ full-year results for 2007 set a new record. Net sales rose 8%, and net income increased by 66%.

OccuLogix let go seven top executives.

Paradigm Medical completed the funding of $1 million through a group of institutional investors, headed by NIR Group.

QLT slashed its overall headcount by 115 people, or 45% of employees at its Vancouver headquarters and US subsidiaries, including members of its management team.

Thermage, in an update on its expectations for 4Q07 and the full year ended December 31, said that it now expects revenue for 4Q07 to be about 12% more than 4Q06 revenue of $14.8 million.

Trimedyne’s financial results for the quarter and fiscal year ended September 30 showed a loss of $324,000 or $0.02 per share on revenues of $5,470,000 for fiscal 2007, compared to a profit of $97,000 or $0.01 per share on revenues of $6,237,000 for fiscal 2006.

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