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Fat reduction stock loses weight: FDA won't review new cellulite reducing machine.

The America's Intelligence Wire

| December 01, 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 Financial Post)

Byline: PAT ROQUE

Any company that creates medical products to treat obesity and skin blemishes sounds like a winner in the vain and pudgy North American market place.

Sure enough, Israel-based Syneron Medical Ltd. -- which makes laser devices that can zap unwanted fat, hair, wrinkles and acne -- has enjoyed a warm reception by investors since its debut on the Nasdaq stock exchange in August.

The shares began trading at US$12 each but soared to a high of US$37.84 last week, a stunning 215% increase in just four months and a clear sign that investors still love to pile onto a winning concept. The market capitalization…

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