SOLY - Soliton Inc. (NASDAQ: SOLY) Targeting Growing Tattoo-Removal Cellulite-Reduction Industries
- Soliton is positioning its proprietary technology as a new standard of care in the multimillion-dollar tattoo-removal industry
- The company recently filed a 501(k) with the FDA for its Rapid Acoustic Pulse tattoo-removal device
- Soliton’s cellulite reduction clinical trials have been featured on Yahoo Finance’s First Trade live stream
Medical device company Soliton Inc. (NASDAQ: SOLY) plans to launch its Rapid Acoustic Pulse (RAP) device into the tattoo-removal market, positioning it as the new standard of care. The company also plans to complete its fat and cellulite reduction trials by 2023. The valuable new RAP technology is licensed from the University of Texas on behalf of the MD Anderson Cancer Center. The RAP device is covered by eight patent families representing 38 issued or pending patents worldwide.
Tattoo removal is on the rise, and the surrounding industry is forecast to reach $4.8 billion by 2023. Laser therapy holds 66 percent of the market but is time consuming and...
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