To launch its dermatology laser, the company also raised another $5 million in a private offering. After gaining Food and Drug Administration clearance on its urology laser and shipping the first 12 units in June 1987, Candela turned to an advertising agency for a corporate identity makeover and a new logo. Now that it was making lasers that were more commercial, it had to become far more sophisticated about its marketing. Since its foundation, the company had been driven by a devotion to technology, which was a suitable stance because of its specialized customers. While its urology laser entered the initial testing phase, Candela built up its marketing and sales operations. To fund the necessary expansion, the company, after changing its name to Candela Laser Corporation, went public in June 1986 at $3 a share, raising almost $5 million. By the end of 1985, Candela was on the verge of perfecting both of these lasers for medical applications, which promised far more commercial potential than the company's traditional products. Watson tested the laser on some loose kidney stones, with no effect nevertheless, he contacted Furumoto and encouraged him to research the possibility of using lasers for urology purposes. Furumoto was soon working on a second medical application for the tunable dye laser when a British physician named Graham Watson, a man interested in smashing kidney stones without invasive surgery, came upon one of Candela's systems at MIT that was being used to inspect the inside of an engine. He was also the chief of dermatology services at Massachusetts General Hospital, where the two men worked in the photo medicine lab to develop a working dermatology laser. Parrish, the newly appointed chairman of the department of dermatology at Harvard Medical School. It was not until 1981 that the company entered into the medical arena. Taking his wife's suggestion, Furumoto named the company after the scientific term describing a unit of light: candela.įor more than decade, Candela Corporation served a narrow scientific and industrial market. Along with physicist Harry Ceccon, a colleague from his time at NASA, he started a business in 1970 to supply the scientific community with custom lasers as well as the flashlamp components used to control the length of a pulse in dye lasers. When the Avco research laboratory was moved to the West Coast, Furumoto decided to stay in the Boston area. In effect, changing colors allowed the laser to be tuned to a particular frequency, giving it much greater versatility, especially in industrial applications. Dye lasers employed organic dyes as the lasing medium, taking advantage of the fact that different colors produced a wide range of radiating frequencies. The first working laser, using a rod of ruby to emit photons of light, had been created in 1960 by T.H. Furumoto worked for both NASA's electronic research laboratory in Cambridge and for defense contractor Avco, where in the early 1960s he became involved in the development of the world's first high-energy dye laser. He moved to the Boston area with his wife, who elected to attend Harvard University to complete her doctorate in physics. in the subject from Ohio State University. He studied physics at the California Institute of Technology then earned a Ph.D. Furumoto, was a Japanese-American who was born and raised in Hawaii. Since entering the medical market in the mid-1980s, Candela has installed over 5,000 of its systems in some 55 countries.Ĭandela's co-founder and first chief executive, Horace W. The lasers are sold to both physicians and personal care practitioners. In the years ahead, our industry leadership will only grow, guided by our clinical and academic collaborations, and driven, as always, by the needs of the customers we serve.ġ970: Horace Furumoto and Harry Ceccon found Candela.ġ981: The company begins work on medical lasers.ġ991: Furumoto resigns as president and chairman.ġ994: A patent suit is resolved in Furumoto's favor.Ģ000: The company's revenues top $75 million.Ĭandela Corporation, located in Wayland, Massachusetts, designs, manufactures, and markets laser systems for use in a wide range of medical applications: hair removal vascular lesion treatment, including spider veins, leg veins, rosacea, scars, warts, and port wine stains removal of age spots, tattoos, and other benign pigmented lesions microdermabrasion for skin exfoliation psoriasis and other skin treatments. We maintain our success through our visionary solutions and by utilizing the simple formula of combining efficacy and economics to help our customers succeed. NAIC: 334510 Electromedical and Electrotherapeutic Apparatus Manufacturing
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