Applisonix seeks FDA nod for cosmetic ultrasound

Applisonix: The device is the first to use ultrasound for hair removal aimed at the professional market.

Applisonix Ltd. (TASE: APLS) has applied to the US Food and Drug Administration (FDA) to market the company's Selectif ultrasound depilatory device in the US. The company said that FDA approval would greatly expand its target markets.

The 510(k) premarket notification is required of medical device manufacturers who look to introduce a new or significantly changed device in the US. The FDA can then clear the device for commercial distribution in the US, based on similarities to existing safe devices.

Applisonix said that, to the best of its knowledge, the Selectif device was the first product in the world to use ultrasound energy for hair removal, which targets the professional market. The company adds that the device can remove hair from small and sensitive parts of the body, irrespective of hair or skin color. The treatment is painless, has no side effects, and that there are no restrictions to exposure to the sun.

Published by Globes [online], Israel business news - - on April 12, 2010

© Copyright of Globes Publisher Itonut (1983) Ltd. 2010 Manufacturers threaten suit over water rates Merav Ankori The Manufacturers Association of Israel is threatening to sue the Water Authority with the High Court of Justice. In a letter to Minister of Finance Yuval Steinitz, Manufacturers Association president Shraga Brosh claimed that, by law, the Water Authority was supposed to reduce water rates to the general public, including manufacturers. Since the Water Authority has not done so, Brosh will sue it.

Brosh said, "By law, water rates should be regularly updated every time that the weighted change in the Consumer Price Index (CPI), in the average wage, and in electricity rates exceeds 3.5%. The rate of change in these three items since January 2010 is 4.7%, which therefore mandates a corresponding cut in water rates."

In a conversation in mid-March between Steinitz and Brosh, Steinitz conceded that the law required a reduction in water rates, and that the Water Authority had not yet implemented it.

"Even though all the calculations are already made, and the amount of the mandated reduction is known, the update rate has not yet been approved or published," wrote Brosh. "Therefore, I am forced to warn you that unless the update is implemented immediately, there will be no choice but to petition the High Court of Justice to order the Water Authority to carry out what it is required to do by law."

Published by Globes [online], Israel business news - - on April 12, 2010

© Copyright of Globes Publisher Itonut (1983) Ltd. 2010

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