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Biotech / Medical : CLZR:a potential 10 bagger?
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From: vestor8/15/2000 1:43:51 AM
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Candela Reaches Settlement With University of California and New Star Lasers

WAYLAND, Mass., Aug 14, 2000 (BW HealthWire) -- Candela Corporation (NASDAQ:
CLZR), a leading developer of aesthetic laser systems, announced today that it
has settled all litigation surrounding its Dynamic Cooling(TM) Technology. The
company said that all parties involved have agreed to exchange full and general
releases of all claims.

Under the settlement, Candela improved its rights to Dynamic Cooling Technology
in the fields of use applicable to the Company's products. Going forward the
Company and the Regents of the University of California have agreed to a
modified royalty calculation for the technology.

Also under the agreement, New Star Lasers (a.k.a. COOLTOUCH) will be licensed
for procedures related to the removal of telangiectasia and skin rejuvenation,
as well as for use in procedures utilizing a long pulse ND YAG laser. Any
royalties emanating from the New Star licensing will be split evenly between
Candela and the Regents of the University of California.

Gerard E. Puorro, President and Chief Executive Officer of Candela said, "We are
delighted to complete this settlement and remove any uncertainty as to our
retention of this technology." Puorro added, "We are especially pleased that we
will be able to reaffirm our technological partnership with Beckman Laser
Institute at the University of California."
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