Syneron buys Pharos for $15.95M; Cook Medical looks to triple Asian sales;

> Syneron Medical has acquired privately-held Pharos Life Corporation, a leading manufacturer of home-use light therapy for aesthetic procedures, for $15.75 million. Syneron release

> Privately-held Cook Medical expects to nearly triple its sales in Asia by the middle of the decade. Report

> Medtronic has received CE Mark for the Medtronic CoreValve System to be delivered through a novel approach, which would allow access through the subclavian artery located beneath the collar bone. Release

> NinePoint Medical, which develops pathology medical devices, has licenced certain exclusive rights in multiple fields to 188 patents and patent applications owned by Massachusetts General Hospital. NinePoint release

And Finally... A study partially funded by the medical device industry finds that the FDA's slow rate of new device approval (as compared to the European Union) is stifling innovation and new products. Report