other material
confidence high
sentiment positive
materiality 0.65
STRATA Skin Sciences expands distribution agreement with Kosmo Meditech through 2026
STRATA Skin Sciences, Inc.
- Agreement with Cutech (Kosmo Meditech parent) extended through December 31, 2026 for direct capital and recurring revenue sales in Korea.
- Defined annual and quarterly performance-based purchase requirements, with STRATA becoming sole provider of gas and consumables.
- CPT codes 96920-96922 revised effective Jan 1, 2024 to 'Excimer laser treatment for psoriasis', impacting Medicare and potentially private insurers.
- STRATA's XTRAC and Pharos are the only excimer laser devices currently marketed in the US that meet the revised code description.