BIOLASE, Inc. announced that it recently entered into a development and distribution agreement with IPG Photonics Corporation's medical laser division, IPG Medical. IPG Photonics Corporation pioneered the development and commercialization of optical fiber-based lasers, creating a new generation of lasers with superior performance, reliability and lower costs. The development and distribution agreement between BIOLASE and IPG covers several projects in various stages of development, with the expectation that these projects will culminate in commercialized joint dental laser products, accessories, or integral system components.

The parties will collaborate in the design and development of these new products and applications, with each party contributing their respective technological expertise, know-how, and development resources. BIOLASE will be responsible for U.S. and international registrations of all dental products resulting from the agreement, and will have exclusive worldwide commercial distribution rights for certain products over a multi-year initial term after completion of development.