Palomar Medical Technologies (PMTI +4.9%) trades higher after settling its patent infringement...

|By:, SA News Editor

Palomar Medical Technologies (PMTI +4.9%) trades higher after settling its patent infringement lawsuits with Syneron Medical (ELOS +4.6%). Under the agreement, Syneron will pay $31M to Palomar for a license to patents on professional laser and lamp-based hair removal systems.