PLEASANTON, Calif.--([ BUSINESS WIRE ])--ZELTIQ Aesthetics, Inc. (Nasdaq: ZLTQ), a medical technology company focused on developing and commercializing products utilizing its proprietary controlled-cooling technology platform, announced that criminal judgments and monetary fines have been ordered by Seoul Central District Court in South Korea against two individuals for false and exaggerated advertising ofacooling device that has not been approved for fat reduction. ZELTIQ is the only company that has received approval from the Korea Food and Drug Administration (KFDA) to market and sell a device that achieves fat reduction through controlled cooling.
"We firmly believe that the recent criminal judgments in South Korea will deter others from marketing and selling products that do not use proven technology or have the same regulatory approvals as ZELTIQ."
Criminal proceedings in South Korea were institutedagainsttwo individuals who were using Internetpages and blogs to falsely advertise that other cooling deviceshad the same fat reducing effect asZELTIQas approveddevice. After a police investigation into these advertising activities, criminal proceedings were initiated. Seoul Central District Court hasnow imposed monetary fines and finalized criminal judgments on the counts of false and exaggerated advertising. TheKorean police are also currently investigatingadditionaladvertising activities and acts of trademark infringement.
Steve Atkinson, SVP of International at ZELTIQ, commented, "ZELTIQ has invested substantialeffortsto develop safe and effective devicesthat are approved for fat reduction andhas securedregulatory approvals for those devices. ZELTIQ will vigilantly pursue persons or companies that are attempting to confuse or mislead consumers or physician-providers by inferring that any cold platform technology can do what the CoolSculpting System uniquely has proven we can safely do: reduce exercise-resistant fat non-surgically. We will not stand idly by while poseurs try to muddy our clear advantages.a
Atkinson added, aWe firmly believe that the recent criminal judgments in South Korea will deter others from marketing and selling products that do not use proven technology or have the same regulatory approvals as ZELTIQ.a
For more information on ZELTIQ, visit [ www.coolsculpting.com ].
About ZELTIQ Aesthetics, Inc.
ZELTIQ Aesthetics is a medical technology company focused on developing and commercializing products utilizing its proprietary controlled-cooling technology platform. The Company's first commercial product, the CoolSculpting System, is designed to selectively reduce stubborn fat bulges that may not respond to diet or exercise. CoolSculpting is based on the scientific principle that fat cells are more sensitive to cold than the overlying skin and surrounding tissues. CoolSculpting utilizes patented technology of precisely controlled cooling to reduce the temperature of fat cells in the treated area, which is intended to cause fat cell elimination through a natural biological process known as apoptosis, without causing scar tissue or damage to the skin, nerves, or surrounding tissues. ZELTIQ developed CoolSculpting to safely, noticeably, and measurably reduce the fat layer within a treated fat bulge without requiring the patient to diet or exercise.