PhotoMedex Inc was originally formed in Delaware in 1980 and re-incorporated in Nevada on December 30, 2010. The Company is a skin health company providing integrated disease management and aesthetic solutions to dermatologists, professional aestheticians and consumers. It provides proprietary products and services that address skin diseases and conditions including psoriasis, vitiligo, acne and photo damage. The physician market provides the platform to expand its skin health solutions to spa markets, as well as traditional retail, online and infomercial outlets for home-use products. Its professional product line also offers for acne clearance, skin tightening, psoriasis care and hair removal sold to physician clinics and spas. It is also engaged in the development, manufacture and sale of surgical products, including proprietary free-beam and Contact Laser Systems for surgery. The Company operates in three business segments; Consumer segment, Physician Recurring segment and Professional segment. It emphasizes the development of physician-endorsed skin care products based on science. It has added a range of home-use devices under the no!no! brand, for various indications including hair removal, acne treatment, skin rejuvenation, and lower back pain. Its no!no! hair removal products are built upon its proprietary heat-based Thermicon brand technology to address consumer concerns over perceived limitations of existing hair removal products, including safety and pain, and to overcome inherent limitations of light-based hair removal solutions. The Company competes with small, closely held, specialized aesthetic device companies, such as Dezac Group, Home Skinovations Ltd., TRIA Beauty, Inc. and LumaTherm Inc, and several public companies, such as Syneron Medical Ltd, Cynosure Inc., and Valeant Pharmaceuticals, Inc. The Company's products and research and development activities are regulated by numerous governmental authorities, principally the FDA and corresponding state and foreign regulatory agencies.
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