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Syneron down; to resubmit cellulite treatment to U.S. regulators.

The America's Intelligence Wire

| November 30, 2004 | COPYRIGHT 2003 Financial Times Ltd. This material is published under license from the publisher through the Gale Group, Farmington Hills, Michigan. All inquiries regarding rights should be directed to the Gale Group. (Hide copyright information)Copyright

(From AP Worldstream)

Byline: ANITA SNOW

Syneron Medical Ltd. stock fell Tuesday after the U.S. Food and Drug Administration delayed approval of the medical device maker's cellulite product.

Shares of the Israeli company traded midday Tuesday at $30.33, down $6.87, or 18 percent, on the Nasdaq Stock Market.

Analysts see the delay pushing back U.S. approval for VelaSmooth, a device used to treat cellulite, by six months to one year, and hurting U.S. sales by about $5 million (A3.8 million).

Late Monday, the FDA asked the Israeli medical device maker to resubmit clinical data for VelaSmooth under a premarketing approval…

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