Firm’s Stock to Be Traded in Europe
IRVINE — Premier Laser Systems Inc.’s stock will begin trading this week on the Frankfurt and Berlin stock exchanges, the company said Tuesday.
The Irvine-based developer, maker and marketer of medical lasers and fiber-optic delivery systems expects to attract European investors now that excitement among American investors has cooled somewhat.
Earlier this year, Premier’s stock more than doubled to $14 a share in three days of high-volume trading on the Nasdaq market after the U.S. Food and Drug Administration approved one of Premier’s lasers for treating tooth decay. Shares closed Tuesday at $9.91.
A spokesman said Premier’s chief executive, Collette Cozean, recently made two 10-day trips to Europe to woo investors.
Currently, U.S. investors and dentists are waiting to see how well the professionals who have ordered the lasers for their offices fare. The company, which started selling the $39,595 machines in midsummer, has shipped about 60.
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