Q-Med and Palomar Tech. (PMTI) Terminate International Distribution Agreement
Q-Med AB today announced the termination of its international distribution agreement with Palomar Medical Technologies, Inc. (Nasdaq: PMTI). The international distribution agreement was originally entered into in January 2008 with the intention that Q-Med would eventually be responsible for the marketing, sale and distribution of Palomar's professional products for esthetic treatments outside North America.
Due to the downturn in the world-wide economic environment, Q-Med's efforts are being concentrated on their own product line of dermal fillers. Both Palomar and Q-Med agreed that Palomar will be better served by separately continuing to expand its existing distribution channel.
Palomar Medical Technologies, Inc. and its subsidiaries engage in the research, development, manufacture, distribution, and sale of laser and light-based products and related disposable items and accessories for medical and cosmetic treatments.
Create E-mail AlertRelated Categories
Corporate NewsStocks Mentioned
+0.23Sign up for StreetInsider Free!
Receive full access to all new and archived articles, unlimited portfolio tracking, e-mail alerts, custom newswires and RSS feeds - and more!
