Palomar and Syneron settle patent infringement suits - Proactiveinvestors (NA)

Palomar Medical Technologies (NASDAQ:PMTI) and Syneron Medical (NASDAQ:ELOS) announced Friday they have reached a settlement agreement related to two patent infringement lawsuits. The companies have reached an agreement that will see Palomar enter into two non-exclusive patent license agreements with Syneron and with its subsidiary, Candela Corp. Under the terms of the first agreement, Palomar has granted a non-exclusive, worldwide, fully paid-up...