device company Q-Med has terminated its international distribution agreement with Palomar Medical Technologies, a researcher and developer of light-based systems for cosmetic treatments.
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.
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.
BREAKING