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PhotoMedex extends global reach

This article was originally published in Clinica

Executive Summary

Medical laser products developer PhotoMedex is looking to consolidate its presence in the global dermatology market with the proposed acquisition of Photo Therapeutics, a privately-owned, UK-based company specialising in dermatological treatment devices. PhotoMedex, of Montogomeryville, Pennsylvania, has definitively agreed to pay $13m upfront on closing of the transaction, and an additional $7m for gross profit milestones met by Photo Therapeutics for the period July 1 2008 and June 30 2009.

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