litigation
confidence high
sentiment positive
materiality 0.55
STRATA Skin Sciences wins court order barring LaserOptek from false marketing of Pallas lasers
STRATA Skin Sciences, Inc.
- U.S. District Court for Eastern PA issued order in STRATA's favor against LaserOptek, Monarch Laser Services, and Pinnacle Health Group.
- Order enjoins LaserOptek and Pinnacle from marketing Pallas lasers as reimbursable under CPT codes 96920-96922.
- Also bars any false/misleading statements about Pallas lasers or STRATA's lasers in U.S. sales and promotion.
- Court order is a partial conclusion of STRATA's preliminary injunction motion; STRATA continues pursuing monetary and equitable relief.
- CEO Dolev Rafaeli states defendants' behavior caused significant monetary and reputational damages to STRATA.