LASRF FDA OK Laser Hair Transplant Device

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Biotech / Medical
LASRF FDA OK Laser Hair Transplant Device

An SI Board Since November 1996

Posts	SubjectMarks	Bans
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Emcee: Mel Spivak	Type: Unmoderated

Introduction Compact

This device, now FDA approved and ready to be shipped and sold to dermatologists in the US put holes in the scalp to implant hair almost painlessly. This is BIG. Men will get rid of the Rogaine and go for this. Here is the Release:

Laser Industries Receives FDA Clearance and Patent Allowance For Hair Transplantation

TEL AVIV, Israel--(BUSINESS WIRE)--Nov. 5, 1996--Laser Industries Ltd. (NASDAQ: LASRF), a leader in surgical laser applications, today announced it has received marketing clearance from the US Food and Drug Administration specifically for laser hair transplantation. The company believes its patented Sharplan SilkTouch flashscan technology is the first and only laser system to be granted FDA marketing clearance for hair transplantation.

Laser Industries also announced it has received notice of allowance from the US Patent and Trademark Office for its patent application covering the use of a scanner such as SilkTouch for hair transplantation.

"Being the first company to receive FDA clearance for laser hair transplantation proves once again that Laser Industries continues to maintain its leadership position in the industry," said Mr. Benjamin Givli, Chairman and CEO. "We anticipate a significant worldwide increase in our laser sales for hair transplantation."

Hair transplantation is primarily performed on men. According to the American Academy of Cosmetic Surgery, 197,276 individuals underwent the procedure during 1994 spending $789 million. Significant male pattern baldness is found in 40 percent of all men by the age of 35. By the age of 75 over 65 percent of men are affected. It is estimated that 40 million men in the United States alone are currently bald. About one- quarter of the total spends roughly $550 million a year on drugs to grow hair or on the purchase of wigs or toupees. Expenditures are expected to continue rising.

Laser Industries submitted data to the FDA on 69 patients on whomhair transplantation procedures were performed using the Sharplan SilkLaser CO2 laser system, along with six month follow- up results.The laser was used to create recipient holes in the patients' scalp so that hair grafts could be transplanted. Transplanted hair growth began on average at around nine weeks.

Physicians find the SilkLaser superior to traditional hair transplantation methods. Bleeding during the procedure is minimal, and appearance is more natural. In addition, the laser is easier to use, more accurate and speeds up what is usually a long procedure.

Laser Industries Ltd. is a worldwide applications driven leader in the design, development, manufacture and marketing of medical laser systems and accessories sold under the trade name "SHARPLAN." --30--ajg/ny* CONTACT: Laser Industries Ltd., Tel Aviv
Yacha Sutton, +972-3-645-4545
President & COO
or
Sharplan Lasers Inc.
Yigal Baruch, 201/327-1666
VP Finance
or
The Anne McBride Co., New York
Katerina Charalambous, 212/752-0504

Go to reply# or date (mm/dd/yy):

Reply	Message Preview	From	Recs	Posted
91	>>LASRF has been acquired by ESCMF.<< So what does that have to do	RagTimeBand	-	3/5/1998
90	LASRF has been acquired by ESCMF.	Mel Spivak	-	3/5/1998
89	To All: I'm trying to find anyone who might have information (or access to	RagTimeBand	-	3/4/1998
88	I am no expert with the market but from my personal experience I notice that mo	John Liu	-	11/14/1997
87	Does anyone understand why Laser is not at par value with .75 of Esc. Seems li	Mike I.	-	11/13/1997
86	In Germany LASRF opened today at DM 41,- and luckily I was able to add some mor	Jens	-	11/10/1997
85	Now what? Do we stay put or do we sell. What does escmf look like and where is	Trace	-	11/10/1997
84	TO ALL; Cong!!!!!! Alice	alice simmons	-	11/9/1997
83	Mazel Tov to LASRF	Mel Spivak	-	11/9/1997
82	ESC, Laser Industries Merge To Form World's Leading Laser Firm By Ami Gin	Jens	-	11/9/1997
81	Full story will be at: globes.co.il ,after 1100 N.Y. time. Shlomi Cohen.	shlomi cohen	-	11/9/1997
80	Elisha, Here is what Reuter has reported: biz.yahoo.com Ted Molczan	Ted Molczan	-	11/9/1997
79	Which paper? and who claims this? this could be excelent!	Elisha Klein	-	11/9/1997
78	An Israeli paper claiming this morning a meger with ESCMF. Shlomi Cohen.	shlomi cohen	-	11/9/1997
77	Mel, Been watching all morning.. I can't find anything--but I like it!!	alice simmons	-	11/6/1997
76	Explosion! Why??	Mel Spivak	-	11/6/1997
75	David, Something going on and I like it. What'ya think? AMS	alice simmons	-	11/6/1997
74	and higher, and higher... I hope!	Trace	-	10/30/1997
73	Much Higher thank you David	David Israel-Rosen	-	10/29/1997
72	Listened to the CC. Management talks of 30% growth in 1998. If we meet concen	BuySide	-	10/28/1997
71	3rdQ out; .33 meets zack's forecast; revs up 45 percent. not bad at all, b	LLLefty	-	10/28/1997
70	Any changes in expectations now?	Trace	-	10/27/1997
69	Peter I my quite confused as to J.W. carles' estimates. $1.25 for 1997???	BuySide	-	10/24/1997
68	David from your mouth to GOD'S ears. Thanks, AMS	alice simmons	-	10/24/1997
67	Thanks Peter, I was hoping for something like this. AMS	alice simmons	-	10/24/1997

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