Palomar Wins $22M Settlement In Patent Suit

Law360, New York (June 5, 2006, 12:00 AM EDT) -- Two companies that have been embroiled in litigation over patents related to light-based hair removal technology since 2002 have announced a settlement, bringing two patent infringement lawsuits to a close.

California-based Cutera will pay Palomar Medical Technologies Inc. $18 million in royalties and interest, as well as $4 million to cover Palomar’s legal fees. While Palomar doesn’t actually own the patents at issue, it has an exclusive license to them through the General Hospital Corporation in Boston, Mass.

In addition to that $22 million, Cutera began...
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