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Ra Medical Systems, Inc. Wins Federal Trade Secret Lawsuit against PhotoMedex,

CARLSBAD, Calif.--(BUSINESS WIRE)

Ra Medical Systems announced today that it has won the lawsuit filed by PhotoMedex (NASDAQ:PHMD) in the U.S. District Court, Southern District of California. PhotoMedex sued Ra Medical and its founder, Dean Irwin, in January 2004 alleging false advertising and unfair business practices. PhotoMedex claimed that Ra Medical Systems misrepresented its FDA status, and misrepresented specifications of its laser system. Ra Medical was victorious in all claims. The court also found that Ra Medical’s founder did not misrepresent himself when stating he invented PhotoMedex’s laser system.

In a related matter, PhotoMedex once again sued Ra Medical for trade secret theft, false advertising, not being properly licensed, and unfair competition and Ra Medical has prevailed on those claims. The Court allowed Ra Medical Systems’ claim that PhotoMedex sold lasers without a valid medical license to stand.

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