Medifirst to acquire rights to Green Laser for aesthetic use
Medifirst Solutions announced it has agreed to acquire the exclusive licensing rights from Laser Lab Corp for its Green Laser for use in anti-aging and aesthetic procedures.
The company plans to file for FDA clearance for the Green Laser before the end of the year, after the completion of a definitive agreement, according to a news release.
The Green Laser was designed to gently restore and lightly resurface the tissue of the skin, and was successfully used on skin spots, wrinkles, acne, hyper-pigmentation, scars, skin detoxification, stretch marks and cellulite during institutional review board studies, according to the release.
The global market for aesthetic medical laser systems is forecast to reach $8 billion to $10 billion by 2020, Medifirst reported.
“Aesthetic lasers are the Holy Grail of the laser industry, considering the strength of the anti-aging and minimally invasive cosmetic industry,” Bruce J. Schoengood, Medifirst president, stated in the release. “The Green Laser … provides a mobile, easy-to-use and affordable solution for health care professionals seeking to enter the laser market."