8. Palomar Medical Technologies
Rank: 8 (Previous rank: 3)
2006 Revenues (millions): $126.54
Headquarters: Burlington, MA
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It's hair today, gone tomorrow, thanks to Palomar, which develops and makes lasers for noninvasive cosmetic procedures, such as hair removal, skin rejuvenation and treating vascular lesions. Last year, a home-use laser hair removal gizmo it developed for Gillette became the first such device to receive FDA approval.
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