Ra Medical Systems, Inc. Wins Appeal and Monetary Award Against PhotoMedex, Inc.SAN DIEGO San Diego (săn dēā`gō), city (1990 pop. 1,110,549), seat of San Diego co., S Calif., on San Diego Bay; inc. 1850. San Diego includes the unincorporated communities of La Jolla and Spring Valley. Coronado is across the bay. -- Ra Medical Systems announced today that the California Court of Appeal, Fourth Appellate District, rejected PhotoMedex's (Nasdaq:PHMD) appeal of a lower court ruling in a breach of contract case that Ra Medical and its founder, Dean Irwin, won early last year. PhotoMedex appealed the judgment award of attorneys' fees and expenses. After hearing oral arguments presented by both sides on February 16, 2005, the appellate judges unanimously affirmed that PhotoMedex must pay Ra Medical the amount due. The total award amount is expected to exceed $100,000, including interest and additional fees. "We believe that competition benefits physicians and patients, and should be determined by the market," commented Dean Irwin, Ra Medical Systems' President. He added, "PhotoMedex's lawsuit was without merit and has resulted in taxpayer expense and unnecessary expense to PhotoMedex and its shareholders. Ra Medical's installed base of EX-308 excimer lasers has performed thousands of treatments to patients across the nation suffering from dermatological dermatological, dermatologic pertaining to dermatology; of or affecting the skin. disorders." Ra Medical Systems, Inc. has also sued PhotoMedex, Inc. (Nasdaq:PHMD) for malicious prosecution An action for damages brought by one against whom a civil suit or criminal proceeding has been unsuccessfully commenced without Probable Cause and for a purpose other than that of bringing the alleged offender to justice. in California state court in November 2004. Ra Medical Systems, Inc. is represented by Tracy Nation of Wingert, Grebing, Brubaker & Goodwin, LLP LLP - Lower Layer Protocol , 619-232-8151. Ra Medical Systems, Inc., www.ramed.com, based in Carlsbad, CA, manufactures and markets an advanced excimer laser system for medical treatments of skin diseases and disorders, including psoriasis psoriasis (sôrī`əsĭs), occasionally acute but usually chronic and recurrent inflammation of the skin. The exact cause is unknown, but the disease appears to be an inherited, possibly autoimmune disorder that causes the and vitiligo vitiligo or leukoderma Skin disorder manifested by smooth, white spots on various parts of the body. Though the pigment-making cells of the skin, or melanocytes, are structurally intact, they have lost the ability to synthesize the pigment. . Contact Dean Irwin, President, 760-804-1648. |
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