BioChemics, Inc. Announces Expanded Scope of Collaboration with a Leading Light Based Technology Company
Inc. Announces Expanded Scope of Collaboration with a Leading Light Based
"We are delighted with the progress to date with our collaboration with Cynosure and are excited to expand our relationship with one of the world’s leaders in aesthetic medicine." said President and CEO, John J. Masiz, Esq.
Aesthetic Market Opportunity
According to Medical Insight, Inc, an independent aesthetic treatment market research firm, the number of non-invasive aesthetic treatment procedures worldwide using laser and other light- based technologies will increase from nearly 58 million in 2006 to over 170 million in 2011, representing a compound annual growth rate of over 24%.
About BioChemics, Inc.
BioChemics is a pharmaceutical company that has developed a novel, transdermal drug delivery system for the first time that may allow almost any drug to be efficiently delivered through the skin. The transdermal technology, called VALE® (Vaso-active Lipid Encapsulated), may allow a substantial portion of the pharmacopeia to be re-engineered, turning oral drugs into transdermals that are safer (no gastro-intestinal problems), cheaper and potentially faster acting (applied directly to the treated area) than oral equivalents. The company's focus is on multi-billion dollar market opportunities currently underserved by existing therapies. The company's two lead clinical products focus on treating diabetic peripheral neuropathy and osteoarthritis. Founded in 1989, the Company is headquartered in Danvers, Massachusetts. Additional information is available at http://www.biochemics.com.
About Cynosure, Inc.
Cynosure, Inc. develops and markets aesthetic treatment systems
that are used by physicians and other practitioners to perform
and minimally invasive procedures to remove hair, treat vascular
lesions, rejuvenate skin through the treatment of shallow vascular
lesions, laser lipolysis and temporarily reduce the appearance
of cellulite. Cynosure's products include a broad range of laser
and other light-based
energy sources, including Alexandrite, pulsed dye, Nd:YAG and diode
lasers, as well as intense pulsed light. Cynosure was founded in
1991. For corporate
or product information, contact Cynosure at 800-886-2966, or visit