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Biotech / Medical : Palomar Medical Technologies, Inc.

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To: Joseph Asch who wrote (588)	11/9/1997 12:36:00 PM
From: Ted Molczan	Read Replies (1) of 708

ESC Medical Systems and Laser Industries are merging. Here is a link to news report by an Israeli paper: globes.co.il The article claims that the merged company will have revenues next year of $250 million, mainly in medical lasers. In contrast, Coherent had 1996 medical revenues of $163 million. Both ESCMF and LASRF have significantly greater operating margins than Coherent's medical segment. ESCMF manufactures the EpiLight flash-lamp hair removal system. LASRF manufactures the EpiTouch ruby laser hair removal system. In my opinion neither is significantly better or worse than Palomar's EpiLaser, in terms of hair removal efficacy. Ted Molczan molczan@fox.nstn.ca

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