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February 19, 2003
By: TOM BRANNA
Editor
Gillette executives don’t mind a little competition–even when the competition may come from within. Last month, Gillette said it would invest up to $7 million with Palomar Medical Technologies Inc. to develop an at-home laser hair removal device for women. Gillette plans to invest up to $7 million over the next 30 months to develop the device, which would be an at-home version of a costly hair removal machine that can only be used at a doctor’s office.The current agreement only...
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