Wednesday, November 30, 2016
Cynosure, Inc. announced that it has received clearance from the China Food and Drug Administration (CFDA) to market the Icon™ Aesthetic System, the Company's next-generation platform technology for multiple aesthetic indications. With Icon, aesthetic practices in China will be able to deliver the industry's most popular energy-based treatments, including facial vessel and pigment clearance, wrinkle reduction, hair removal and scar and stretch mark treatment, in a single system.
"Cynosure was the first U.S. aesthetic laser company to establish a wholly owned subsidiary in China more than 10 years ago, and we continue to expand our competitive position in that country – and the entire Asia Pacific (APAC) region – as part of our international growth strategy," said Michael Davin, the Company's president and CEO. "Today, China is our largest subsidiary in the world. Gaining CFDA approval to market Icon there is another milestone as we strive to grow our APAC business at a pace ahead of the overall market. With strong customer relationships, an established direct sales force, and the rapid growth of medical aesthetics in China, we believe we are positioned to achieve that objective."
Cynosure will begin selling Icon late in the fourth quarter of 2016 from its direct sales offices in Beijing and Suzhou.
Source : investors.cynosure.com
