{"id":405746,"date":"2020-12-28T08:03:21","date_gmt":"2020-12-28T13:03:21","guid":{"rendered":"http:\/\/www.marketnewsdesk.com\/?p=405746"},"modified":"2020-12-28T08:03:21","modified_gmt":"2020-12-28T13:03:21","slug":"strata-skin-sciences-inc-announces-successful-renewal-of-note-payable","status":"publish","type":"post","link":"https:\/\/www.marketnewsdesk.com\/index.php\/strata-skin-sciences-inc-announces-successful-renewal-of-note-payable\/","title":{"rendered":"STRATA Skin Sciences, Inc. Announces Successful Renewal of Note Payable"},"content":{"rendered":"<div class=\"mw_release\">\n<p align=\"justify\">HORSHAM, Pa., Dec.  28, 2020  (GLOBE NEWSWIRE) &#8212; STRATA Skin Sciences, Inc. (NASDAQ: SSKN) (\u201cSTRATA\u201d or the \u201cCompany\u201d), a medical technology company in Dermatology and Plastic Surgery dedicated to developing, commercializing, and marketing innovative products for the treatment of dermatologic conditions, today announced that it has renewed its existing debt with a lower interest one-year cash secured loan facility with Israel Discount Bank of New York, a multinational commercial bank. The new loan is at a fixed interest rate of 1.40% and is due December 30, 2021.<\/p>\n<p align=\"justify\">\n        <strong>About STRATA Skin Sciences, Inc.<\/strong><br \/>\n        <br \/>STRATA Skin Sciences is a medical technology company in Dermatology and Plastic Surgery dedicated to developing, commercializing and marketing innovative products for the treatment of dermatologic conditions. Its products include the XTRAC\u00ae excimer laser and VTRAC\u00ae lamp systems utilized in the treatment of psoriasis, vitiligo and various other skin conditions.<\/p>\n<p align=\"justify\">The Company\u2019s proprietary XTRAC\u00ae excimer laser delivers a highly targeted therapeutic beam of UVB light to treat psoriasis, vitiligo, eczema, atopic dermatitis and leukoderma, diseases, which impact over 35 million patients in the United States alone. The technology is covered by multiple patents, including exclusive rights for patents for the delivery of treatments to vitiligo patients.<\/p>\n<p align=\"justify\">STRATA\u2019s unique business model leverages targeted Direct to Consumer (DTC) advertising to generate awareness and utilizes its in-house call center and insurance advocacy teams to increase volume for the Company\u2019s partner dermatology clinics.<\/p>\n<p align=\"justify\">The XTRAC business has used this proven DTC model to grow its domestic dermatology partner network to over 813 clinics, with a worldwide installed base of over 2,000 devices. The Company is able to offer 90% of DTC patients an introduction to physicians prescribing a reimbursable solution, using XTRAC, within a 10-mile radius of their house. The Company is a leader in dermatology in-clinic business generation for its partners.<\/p>\n<p>\n        <strong>Investor Contact<\/strong>\n      <\/p>\n<table style=\"border-collapse: collapse;width:100%;border-collapse:collapse\">\n<tr>\n<td style=\"vertical-align: top\">Leigh Salvo<\/td>\n<td style=\"vertical-align: middle\">\u00a0<\/td>\n<td style=\"vertical-align: middle\">\u00a0<\/td>\n<\/tr>\n<tr>\n<td style=\"vertical-align: top\">(415) 937-5404<\/td>\n<td style=\"vertical-align: middle\">\u00a0<\/td>\n<td style=\"vertical-align: middle\">\u00a0<\/td>\n<\/tr>\n<tr>\n<td style=\"vertical-align: top\">\n            <a href=\"mailto:ir@strataskin.com\" rel=\"nofollow noopener noreferrer\" target=\"_blank\">ir@strataskin.com<\/a><\/p>\n<\/td>\n<td style=\"vertical-align: middle\">\u00a0<\/td>\n<td style=\"vertical-align: middle\">\u00a0<\/td>\n<\/tr>\n<\/table>\n<p>      <img loading=\"lazy\" decoding=\"async\" class=\"__GNW8366DE3E__IMG\" src=\"https:\/\/www.globenewswire.com\/newsroom\/ti?nf=ODExNzg4MCMzODk3MjAwIzIwMTA1MTQ=\" width=\"1\" height=\"1\" \/><br \/>\n      <br \/>\n      <img loading=\"lazy\" decoding=\"async\" class=\"__GNW8366DE3E__IMG\" src=\"https:\/\/ml.globenewswire.com\/release\/track\/d197c91e-5579-40fe-8408-8500e433a877\" width=\"1\" height=\"1\" \/>\n    <\/div>\n<div class=\"mw_contactinfo\"><\/div>\n","protected":false},"excerpt":{"rendered":"<p>HORSHAM, Pa., Dec. 28, 2020 (GLOBE NEWSWIRE) &#8212; STRATA Skin Sciences, Inc. (NASDAQ: SSKN) (\u201cSTRATA\u201d or the \u201cCompany\u201d), a medical technology company in Dermatology and Plastic Surgery dedicated to developing, commercializing, and marketing innovative products for the treatment of dermatologic conditions, today announced that it has renewed its existing debt with a lower interest one-year cash secured loan facility with Israel Discount Bank of New York, a multinational commercial bank. The new loan is at a fixed interest rate of 1.40% and is due December 30, 2021. About STRATA Skin Sciences, Inc. STRATA Skin Sciences is a medical technology company in Dermatology and Plastic Surgery dedicated to developing, commercializing and marketing innovative products for the treatment of dermatologic conditions. Its &hellip; <\/p>\n<p class=\"link-more\"><a href=\"https:\/\/www.marketnewsdesk.com\/index.php\/strata-skin-sciences-inc-announces-successful-renewal-of-note-payable\/\" class=\"more-link\">Continue reading<span class=\"screen-reader-text\"> &#8220;STRATA Skin Sciences, Inc. Announces Successful Renewal of Note Payable&#8221;<\/span><\/a><\/p>\n","protected":false},"author":2,"featured_media":0,"comment_status":"closed","ping_status":"closed","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[],"tags":[],"class_list":["post-405746","post","type-post","status-publish","format-standard","hentry"],"yoast_head":"<!-- This site is optimized with the Yoast SEO plugin v27.5 - https:\/\/yoast.com\/product\/yoast-seo-wordpress\/ -->\n<title>STRATA Skin Sciences, Inc. Announces Successful Renewal of Note Payable - Market Newsdesk<\/title>\n<meta name=\"robots\" content=\"index, follow, max-snippet:-1, max-image-preview:large, max-video-preview:-1\" \/>\n<link rel=\"canonical\" href=\"https:\/\/www.marketnewsdesk.com\/index.php\/strata-skin-sciences-inc-announces-successful-renewal-of-note-payable\/\" \/>\n<meta property=\"og:locale\" content=\"en_US\" \/>\n<meta property=\"og:type\" content=\"article\" \/>\n<meta property=\"og:title\" content=\"STRATA Skin Sciences, Inc. Announces Successful Renewal of Note Payable - Market Newsdesk\" \/>\n<meta property=\"og:description\" content=\"HORSHAM, Pa., Dec. 28, 2020 (GLOBE NEWSWIRE) &#8212; STRATA Skin Sciences, Inc. (NASDAQ: SSKN) (\u201cSTRATA\u201d or the \u201cCompany\u201d), a medical technology company in Dermatology and Plastic Surgery dedicated to developing, commercializing, and marketing innovative products for the treatment of dermatologic conditions, today announced that it has renewed its existing debt with a lower interest one-year cash secured loan facility with Israel Discount Bank of New York, a multinational commercial bank. The new loan is at a fixed interest rate of 1.40% and is due December 30, 2021. About STRATA Skin Sciences, Inc. STRATA Skin Sciences is a medical technology company in Dermatology and Plastic Surgery dedicated to developing, commercializing and marketing innovative products for the treatment of dermatologic conditions. Its &hellip; Continue reading &quot;STRATA Skin Sciences, Inc. Announces Successful Renewal of Note Payable&quot;\" \/>\n<meta property=\"og:url\" content=\"https:\/\/www.marketnewsdesk.com\/index.php\/strata-skin-sciences-inc-announces-successful-renewal-of-note-payable\/\" \/>\n<meta property=\"og:site_name\" content=\"Market Newsdesk\" \/>\n<meta property=\"article:published_time\" content=\"2020-12-28T13:03:21+00:00\" \/>\n<meta property=\"og:image\" content=\"https:\/\/www.globenewswire.com\/newsroom\/ti?nf=ODExNzg4MCMzODk3MjAwIzIwMTA1MTQ=\" \/>\n<meta name=\"author\" content=\"Newsdesk\" \/>\n<meta name=\"twitter:card\" content=\"summary_large_image\" \/>\n<meta name=\"twitter:label1\" content=\"Written by\" \/>\n\t<meta name=\"twitter:data1\" content=\"Newsdesk\" \/>\n\t<meta name=\"twitter:label2\" content=\"Est. reading time\" \/>\n\t<meta name=\"twitter:data2\" content=\"2 minutes\" \/>\n<script type=\"application\/ld+json\" class=\"yoast-schema-graph\">{\"@context\":\"https:\\\/\\\/schema.org\",\"@graph\":[{\"@type\":\"Article\",\"@id\":\"https:\\\/\\\/www.marketnewsdesk.com\\\/index.php\\\/strata-skin-sciences-inc-announces-successful-renewal-of-note-payable\\\/#article\",\"isPartOf\":{\"@id\":\"https:\\\/\\\/www.marketnewsdesk.com\\\/index.php\\\/strata-skin-sciences-inc-announces-successful-renewal-of-note-payable\\\/\"},\"author\":{\"name\":\"Newsdesk\",\"@id\":\"https:\\\/\\\/www.marketnewsdesk.com\\\/#\\\/schema\\\/person\\\/482f27a394d4fda80ecb5499e519d979\"},\"headline\":\"STRATA Skin Sciences, Inc. 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