PLSIA (Premier Laser Systems) Message Board

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Biotech / Medical : PLSIA (Premier Laser Systems)

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To: Winston Kim who wrote (909)	7/21/1997 4:47:00 PM
From: D.J.Smyth	of 1773

No one can explain the patents Winston, not ADLI or PLSIA. The patent issue has not developed into a confrontation between the two. PLSIA took some patents it owned and received FDA approval for the YAG lasers. ADLI, during the approval process was telling insiders that the PLSIA system was not salable and that the water guns that ADLI was using was the better, less costly approach. When PLSIA received quick FDA approval and created the intense public interest in their products, only then did ADLI come forward with public information that it too held YAG laser patents. No one knows for sure if the ADLI patents are materially different that PLSIA patents. The bottom line, though, is that ADLI patents have not undergone clinical trials, regardless of Hoya's involvement. Continuum's plan is to begin setting up the process for undergoing trials. Hopefully PLSIA will within the next year have captured the lion's share segment of the market both materially and psychologically. If you recall, in ADLI's prior press release they considered the YAG lasers as non money making ventures, so they did not pursue either the development of the YAG lasers or the approval of them. So, for them NOW to license the mysterious patents to Hoya, is mysterious in itself. They are licensing a non money making venture in their own words. Hoya obviously believes they could work out a more lucrative monetary arrangement with ADLI than with PLSIA. ADLI simply wants to beat PLSIA and probably licensed the patents to Hoya for practically nothing. Hoya must also believe that they can work the system with the patents in deferment to PLSIA. We can hope that PLSIA's attorney's are better prepared than Hoya/ADLI's (which I believe they are). In the end, it is possible that some working relationship will be needed as occurred between Summit Technology (BEAM) and VISX. May the best company win.

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