Ra Medical Systems Sues PhotoMedex.CARLSBAD, Calif. -- Ra Medical Systems, Inc. announced today that it has sued PhotoMedex, Inc. (NASDAQ NASDAQ in full National Association of Securities Dealers Automated Quotations U.S. market for over-the-counter securities. Established in 1971 by the National Association of Securities Dealers (NASD), NASDAQ is an automated quotation system that reports on : PHMD) for manufacturing and selling lasers in California without a manufacturing license and for unfair competition based on Medical Practices Act violations. Commenting on the lawsuit, Dean Irwin, President of Ra Medical Systems, said, "We have learned through direct testimony and by the notice of violation from the State of California provided by PhotoMedex that they have been operating without a license, in violation of the law. We were surprised to learn that they did not have the required license as they had recently accused us of the same thing." The unfair competition claims arise from PhotoMedex's practice of contractually limiting the tools that physicians may use to treat patients, specifically prohibiting the use of excimer ex·ci·mer n. A diatomic molecule existing in an energy level above the ground state. [exc(ited) + (d)imer.] light sources other than PhotoMedex's equipment. In court documents filed just days ago, their defense included the admission that physicians are free to use any type of excimer light equipment, and that the practical remedy should they do so, is that PhotoMedex will simply remove its own equipment. "While it always appeared that this was the practical remedy against physicians who chose another excimer light source, the admission by PhotoMedex in its court papers makes it abundantly clear," commented Tracy Nation, attorney for Ra Medical Systems. Ms. Nation has successfully defended Ra Medical Systems against PhotoMedex's trade secret claims, as well as the more recent patent-in-suit claims. Ra Medical Systems, Inc., a privately held medical device company was founded in 2002 to commercialize excimer laser A gas laser in which a very short electrical pulse excites a mixture containing a halogen such as fluorine and a rare gas such as argon or krypton. It produces a brief, intense pulse of ultraviolet light. phototherapy Phototherapy Definition Phototherapy, or light therapy, is the administration of doses of bright light in order to normalize the body's internal clock and/or relieve depression. . Based in Carlsbad, CA, the company manufactures and markets an advanced excimer laser system, the EX-308, for the treatment of skin diseases 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. . This media release may contain forward-looking statements forward-looking statement A projected financial statement based on management expectations. A forward-looking statement involves risks with regard to the accuracy of assumptions underlying the projections. that constitute Ra Medical Systems' current intentions, hopes, beliefs, expectations or predictions of the future, which are therefore inherently subject to risks and uncertainties. For additional information on factors that could affect Ra Medical's performance, please call the company directly. Ra Medical Systems expressly disclaims any obligations or undertaking to release publicly any updates or revisions to any such statements to reflect any change in Ra Medical Systems' expectations or any change in events, conditions, or circumstances CIRCUMSTANCES, evidence. The particulars which accompany a fact. 2. The facts proved are either possible or impossible, ordinary and probable, or extraordinary and improbable, recent or ancient; they may have happened near us, or afar off; they are public or on which any such statement is based. |
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