Cynosure Receives Health Canada Authorization to Market PicoSure™, the First Picosecond Laser to Remove Tattoos and Benign Pigmented Lesions

Date Announced: 29 Jul 2013

Follows similar clearance in Europe and the US.

WESTFORD, Mass., July 29, 2013 /PRNewswire/ -- Cynosure, Inc. (Nasdaq: CYNO), a leader in laser- and light-based treatments for minimally invasive and non-invasive aesthetic applications, today announced that it has received a medical device license issued by Health Canada for the Company's PicoSure™ Picosecond Laser Workstation. Cynosure plans to begin selling PicoSure through its North American direct sales force immediately.

PicoSure is the world's first picosecond laser indicated for the removal of tattoos and benign pigmented lesions. The device received 510(k) clearance from the U.S. Food and Drug Administration at the end of 2012 and was launched in the first quarter of 2013. PicoSure received CE Mark certification in Q1 2013, and is currently being marketed in the European Union.

"Health Canada's authorization of PicoSure supports our long-term growth strategy and broadens our presence internationally," said Michael Davin, Cynosure's Chairman and Chief Executive Officer. "Following a successful launch in both the U.S. and Europe, demand for PicoSure continues to achieve our expectations. This additional clearance generates a first-mover advantage for Cynosure in another key market."

Source: Cynosure

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