A Medical Device Daily
PhotoMedex (Montgomery, Pennsylvania) reported that it will supply private-label diode laser systems exclusively to AngioDynamics (Queensbury, New York) to sell for peripheral vascular treatments.
In September AngioDynamics and PhotoMedex entered into a three-year OEM agreement under which PhotoMedex manufactures for AngioDynamics, on a non-exclusive basis, a private-label, 980-nanometer diode laser system. The system is designed for use with AngioDynamics' NeverTouch VenaCure endovenous therapy for treatment of varicose veins. The OEM agreement provides for PhotoMedex to supply this laser on an exclusive basis to AngioDynamics, should AngioDynamics meet certain purchase requirements.
With the recent receipt from AngioDynamics of a purchase order that exceeds the minimum purchase requirement for delivery of lasers over the first contract year, PhotoMedex will now provide this laser exclusively to AngioDynamics for worldwide sale in the peripheral vascular treatment field.
Jeffrey O'Donnell, president/CEO of PhotoMedex, said, "PhotoMedex has excellent laser development and manufacturing capability that has translated into an OEM agreement that now is exclusive for this 980-nanometer diode laser system for the treatment of vascular diseases and disorders, including varicose veins. Our high standards for quality and reliability were key in attracting AngioDynamics to our diode laser technology."
PhotoMedex provides contract medical procedures to hospitals, surgi-centers and doctors' offices, offering products and services across multiple specialty areas, including dermatology, urology, gynecology and orthopedics.