Tuesday, January 3, 2012

Iridex to sell skin treatment unit to Cutera for $5 million

Iridex Corp. agreed to sell its cosmetic skin treatment unit to Cutera Inc. for $5.1 million.
This unit of Mountain View-based Iridex (NASDAQ: IRIX) makes lasers to treat age spots and veins in people’s skin, and also to treat acne and remove hair. Iridex has a separate ophthalmology business not included in this sale -- that unit makes laser treatments for serious eye diseases like age-related macular degeneration, glaucoma and diabetic retinopathy.

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