If you remove the driver i suggest replacing that kludge wire solution with one of those tiny glue-on heatsinks, provided you can get that thermally greased on 'heatsink wire' off easily.
It's not uncommon to find kludges like this in consumer products. They are bascially a result of a design miscalculation that was noticed late in the testing process.
If i were to venture a guess as to how this came to be: They probably tested the circuit on a lab bench with free air circulation, and it performed just fine. Then they took it into production, but the driver went into thermal shutdown because it was now enclosed in the body of the pointer with restricted air circulation.
Having already produced a large number of these boards adding this wire-heatsink kludge proved to be the cheapest way to remedy that problem they just went for it.
If they ever did a second generation of this circuit you'd probably find that it would have been resolved by a larger pcb heatsink area, or a little heatsink mounted on the device. The problem is you cannot rapidly source tiny heatsinks that would actually fit the enclosure, so they went with this solution that apparently works.