{"id":453585,"date":"2021-03-09T08:03:29","date_gmt":"2021-03-09T13:03:29","guid":{"rendered":"http:\/\/www.marketnewsdesk.com\/?p=453585"},"modified":"2021-03-09T08:03:29","modified_gmt":"2021-03-09T13:03:29","slug":"strata-skin-sciences-announces-expanded-distribution-agreement-in-china-with-wuhan-miracle-laser-systems-inc","status":"publish","type":"post","link":"https:\/\/www.marketnewsdesk.com\/index.php\/strata-skin-sciences-announces-expanded-distribution-agreement-in-china-with-wuhan-miracle-laser-systems-inc\/","title":{"rendered":"STRATA Skin Sciences Announces Expanded Distribution Agreement in China with Wuhan Miracle Laser Systems, Inc."},"content":{"rendered":"<h2>\nNew Agreement Expands STRATA&#8217;s Global Reach and Brings Successful Recurring Revenue Model to the Chinese Dermatology Market<br \/>\n<\/h2>\n<div class=\"mw_release\">\n<p align=\"justify\">HORSHAM, Pa., March  09, 2021  (GLOBE NEWSWIRE) &#8212; (NASDAQ: SSKN) STRATA Skin Sciences, Inc. (\u201cSTRATA\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 an expanded direct distribution agreement with Wuhan Miracle Laser Systems, Inc. (\u201cMiracle\u201d), that provides for both recurring revenues from placements and direct capital from sales in China.<\/p>\n<p>\n        <strong>Contract Highlights<\/strong><br \/>\n        <em>:<\/em>\n      <\/p>\n<ul type=\"disc\">\n<li style=\"text-align:justify\">Strengthens the STRATA XTRAC\u00ae value proposition in China to expand the installed base of over 180 devices in the country<\/li>\n<li style=\"text-align:justify\">Expands an existing 15-year relationship with Miracle, a preeminent medical device distributor active in China<\/li>\n<li style=\"text-align:justify\">Leverages STRATA\u2019s strong balance sheet to support a recurring revenue business model in China<\/li>\n<\/ul>\n<p align=\"justify\">\u201cWe are delighted to broaden STRATA\u2019s global presence and the benefits of our XTRAC excimer laser and to expand our installed base in China,\u201d said Bob Moccia, President and Chief Executive Officer. \u201cWe look forward to validating our proven recurring revenue model to dermatologists in China, making this the third country where we have introduced this win-win-win model.\u201d<\/p>\n<p align=\"justify\">\n        <strong>About Miracle<br \/><\/strong>Miracle is one of China\u2019s leading distributors of medical devices in dermatology, aesthetics, and other medical markets. Miracle has been a distributor of the XTRAC excimer, in partnership with STRATA Skin Sciences (and its predecessor), for over 15 years.<\/p>\n<p align=\"justify\">\n        <strong>About STRATA Skin Sciences, Inc.<\/strong><br \/>\n        <u>(<\/u><br \/>\n        <a href=\"https:\/\/www.globenewswire.com\/Tracker?data=lvTrnaqzf_yVdIwIDwHnBdwvkkxSWAHVIxYjH3qtCp_jaKG4EPOyNMNjjBkgUrw6Ggt5bdwIkZoDKik9blTj6YrZ9_YavARs8Rp3k-siIzhEP_DvadmYGEuUiG0WjrTv\" rel=\"nofollow noopener noreferrer\" target=\"_blank\">www.strataskinsciences.com<\/a>)<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<sup>\u00ae<\/sup> excimer laser and VTRAC<sup>\u00ae<\/sup> lamp systems utilized in the treatment of psoriasis, vitiligo and various other skin conditions.<\/p>\n<p align=\"justify\">The Company\u2019s proprietary XTRAC<sup>\u00ae<\/sup> excimer laser delivers a highly targeted therapeutic beam of UVB light to treat psoriasis, vitiligo, eczema, atopic dermatitis and leukoderma, diseases which impact over 31 million patients in the United States alone. The technology is covered by multiple patents, including exclusive rights for patents for the delivery of treatment 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 832 clinics, with a worldwide installed base of over 2,300 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 align=\"justify\">The Company has now introduced its Home by XTRAC\u2122 business leveraging in-house resources including DTC advertising, in-house call center and its insurance reimbursement team to provide an at-home, insurance-reimbursed treatment option for patients with certain skin diseases that do not qualify for in-office treatments.<\/p>\n<p align=\"justify\">\n        <strong><br \/>\n          <em>Safe Harbor<\/em><br \/>\n        <\/strong><br \/>\n        <br \/>This press release includes \u201cforward-looking statements\u201d within the meaning of the Securities Litigation Reform Act of 1995. These statements include but are not limited to the Company\u2019s plans, objectives, expectations and intentions and may contain words such as \u201cwill,\u201d \u201cmay,\u201d \u201cseeks,\u201d and \u201cexpects,\u201d that suggest future events or trends. These statements, the Company\u2019s ability to generate the growth in its core business, the Company\u2019s ability to develop social media marketing campaigns, and the Company\u2019s ability to build a leading franchise in dermatology and aesthetics, the Company\u2019s ability to develop a business for home-based treatment of skin diseases, are based on the Company\u2019s current expectations and are inherently subject to significant uncertainties and changes in circumstances. Actual results may differ materially from the Company\u2019s expectations due to financial, economic, business, competitive, market, regulatory, adverse market conditions or supply chain interruptions resulting from the coronavirus and political factors or conditions affecting the Company and the medical device industry in general, future responses to and effects of COVID-19 pandemic, as well as more specific risks and uncertainties set forth in the Company\u2019s\u00a0SEC\u00a0reports on Forms 10-Q and 10-K. Given\u00a0such uncertainties, any or all these forward-looking statements may prove to be incorrect or unreliable. The statements in this press release are made as of the date of this press release, even if subsequently made available by the Company on its website or otherwise. The Company does not undertake any obligation to update or revise these statements to reflect events or circumstances occurring after the date of this press release. The Company urges investors to carefully review its\u00a0SEC\u00a0disclosures available at\u00a0<a href=\"https:\/\/www.globenewswire.com\/Tracker?data=cJRnQe3-yF93_FOFacHIQbcambzvrIovzjlG3dzCwG5u-LyUE3n0qEO5fxkJFbkw-ZFlUiQAnKpkVvtnhfA8oA==\" rel=\"nofollow noopener noreferrer\" target=\"_blank\">www.sec.gov<\/a>\u00a0and <a href=\"https:\/\/www.globenewswire.com\/Tracker?data=lvTrnaqzf_yVdIwIDwHnBdwvkkxSWAHVIxYjH3qtCp_5WnCvg5MOUjtYklCmpNEPtsAa9xSo8T-Pu0RU9l4bM2XdM21_TI7UxMT8pgXanilU2G4kvB3DoRYivEL2m8fi\" rel=\"nofollow noopener noreferrer\" target=\"_blank\">www.strataskinsciences.com<\/a>.<\/p>\n<p>\n        <strong>Investor Contacts:<\/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>\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=ODE4NjYyMiM0MDU0NjMxIzIwMTA1MTQ=\" width=\"1\" height=\"1\" \/><br \/>\n      <br \/>\n      <img loading=\"lazy\" decoding=\"async\" class=\"__GNW8366DE3E__IMG\" src=\"https:\/\/ml.globenewswire.com\/release\/track\/11ce5a00-ad35-4e12-b677-e9eaffa9f67e\" width=\"1\" height=\"1\" \/>\n    <\/div>\n<div class=\"mw_contactinfo\"><\/div>\n","protected":false},"excerpt":{"rendered":"<p>New Agreement Expands STRATA&#8217;s Global Reach and Brings Successful Recurring Revenue Model to the Chinese Dermatology Market HORSHAM, Pa., March 09, 2021 (GLOBE NEWSWIRE) &#8212; (NASDAQ: SSKN) STRATA Skin Sciences, Inc. (\u201cSTRATA\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 an expanded direct distribution agreement with Wuhan Miracle Laser Systems, Inc. (\u201cMiracle\u201d), that provides for both recurring revenues from placements and direct capital from sales in China. Contract Highlights : Strengthens the STRATA XTRAC\u00ae value proposition in China to expand the installed base of over 180 devices in the country Expands an existing 15-year relationship with Miracle, a preeminent medical device distributor active &hellip; <\/p>\n<p class=\"link-more\"><a href=\"https:\/\/www.marketnewsdesk.com\/index.php\/strata-skin-sciences-announces-expanded-distribution-agreement-in-china-with-wuhan-miracle-laser-systems-inc\/\" class=\"more-link\">Continue reading<span class=\"screen-reader-text\"> &#8220;STRATA Skin Sciences Announces Expanded Distribution Agreement in China with Wuhan Miracle Laser Systems, Inc.&#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-453585","post","type-post","status-publish","format-standard","hentry"],"yoast_head":"<!-- This site is optimized with the Yoast SEO plugin v27.6 - https:\/\/yoast.com\/product\/yoast-seo-wordpress\/ -->\n<title>STRATA Skin Sciences Announces Expanded Distribution Agreement in China with Wuhan Miracle Laser Systems, Inc. - 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-announces-expanded-distribution-agreement-in-china-with-wuhan-miracle-laser-systems-inc\/\" \/>\n<meta property=\"og:locale\" content=\"en_US\" \/>\n<meta property=\"og:type\" content=\"article\" \/>\n<meta property=\"og:title\" content=\"STRATA Skin Sciences Announces Expanded Distribution Agreement in China with Wuhan Miracle Laser Systems, Inc. - Market Newsdesk\" \/>\n<meta property=\"og:description\" content=\"New Agreement Expands STRATA&#8217;s Global Reach and Brings Successful Recurring Revenue Model to the Chinese Dermatology Market HORSHAM, Pa., March 09, 2021 (GLOBE NEWSWIRE) &#8212; (NASDAQ: SSKN) STRATA Skin Sciences, Inc. (\u201cSTRATA\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 an expanded direct distribution agreement with Wuhan Miracle Laser Systems, Inc. (\u201cMiracle\u201d), that provides for both recurring revenues from placements and direct capital from sales in China. Contract Highlights : Strengthens the STRATA XTRAC\u00ae value proposition in China to expand the installed base of over 180 devices in the country Expands an existing 15-year relationship with Miracle, a preeminent medical device distributor active &hellip; Continue reading &quot;STRATA Skin Sciences Announces Expanded Distribution Agreement in China with Wuhan Miracle Laser Systems, Inc.&quot;\" \/>\n<meta property=\"og:url\" content=\"https:\/\/www.marketnewsdesk.com\/index.php\/strata-skin-sciences-announces-expanded-distribution-agreement-in-china-with-wuhan-miracle-laser-systems-inc\/\" \/>\n<meta property=\"og:site_name\" content=\"Market Newsdesk\" \/>\n<meta property=\"article:published_time\" content=\"2021-03-09T13:03:29+00:00\" \/>\n<meta property=\"og:image\" content=\"https:\/\/www.globenewswire.com\/newsroom\/ti?nf=ODE4NjYyMiM0MDU0NjMxIzIwMTA1MTQ=\" \/>\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=\"4 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-announces-expanded-distribution-agreement-in-china-with-wuhan-miracle-laser-systems-inc\\\/#article\",\"isPartOf\":{\"@id\":\"https:\\\/\\\/www.marketnewsdesk.com\\\/index.php\\\/strata-skin-sciences-announces-expanded-distribution-agreement-in-china-with-wuhan-miracle-laser-systems-inc\\\/\"},\"author\":{\"name\":\"Newsdesk\",\"@id\":\"https:\\\/\\\/www.marketnewsdesk.com\\\/#\\\/schema\\\/person\\\/482f27a394d4fda80ecb5499e519d979\"},\"headline\":\"STRATA Skin Sciences Announces Expanded Distribution Agreement in China with Wuhan Miracle Laser Systems, Inc.\",\"datePublished\":\"2021-03-09T13:03:29+00:00\",\"mainEntityOfPage\":{\"@id\":\"https:\\\/\\\/www.marketnewsdesk.com\\\/index.php\\\/strata-skin-sciences-announces-expanded-distribution-agreement-in-china-with-wuhan-miracle-laser-systems-inc\\\/\"},\"wordCount\":800,\"image\":{\"@id\":\"https:\\\/\\\/www.marketnewsdesk.com\\\/index.php\\\/strata-skin-sciences-announces-expanded-distribution-agreement-in-china-with-wuhan-miracle-laser-systems-inc\\\/#primaryimage\"},\"thumbnailUrl\":\"https:\\\/\\\/www.globenewswire.com\\\/newsroom\\\/ti?nf=ODE4NjYyMiM0MDU0NjMxIzIwMTA1MTQ=\",\"inLanguage\":\"en-US\"},{\"@type\":\"WebPage\",\"@id\":\"https:\\\/\\\/www.marketnewsdesk.com\\\/index.php\\\/strata-skin-sciences-announces-expanded-distribution-agreement-in-china-with-wuhan-miracle-laser-systems-inc\\\/\",\"url\":\"https:\\\/\\\/www.marketnewsdesk.com\\\/index.php\\\/strata-skin-sciences-announces-expanded-distribution-agreement-in-china-with-wuhan-miracle-laser-systems-inc\\\/\",\"name\":\"STRATA Skin Sciences Announces Expanded Distribution Agreement in China with Wuhan Miracle Laser Systems, Inc. - 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(\u201cSTRATA\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 an expanded direct distribution agreement with Wuhan Miracle Laser Systems, Inc. (\u201cMiracle\u201d), that provides for both recurring revenues from placements and direct capital from sales in China. Contract Highlights : Strengthens the STRATA XTRAC\u00ae value proposition in China to expand the installed base of over 180 devices in the country Expands an existing 15-year relationship with Miracle, a preeminent medical device distributor active &hellip; Continue reading \"STRATA Skin Sciences Announces Expanded Distribution Agreement in China with Wuhan Miracle Laser Systems, Inc.\"","og_url":"https:\/\/www.marketnewsdesk.com\/index.php\/strata-skin-sciences-announces-expanded-distribution-agreement-in-china-with-wuhan-miracle-laser-systems-inc\/","og_site_name":"Market Newsdesk","article_published_time":"2021-03-09T13:03:29+00:00","og_image":[{"url":"https:\/\/www.globenewswire.com\/newsroom\/ti?nf=ODE4NjYyMiM0MDU0NjMxIzIwMTA1MTQ=","type":"","width":"","height":""}],"author":"Newsdesk","twitter_card":"summary_large_image","twitter_misc":{"Written by":"Newsdesk","Est. reading time":"4 minutes"},"schema":{"@context":"https:\/\/schema.org","@graph":[{"@type":"Article","@id":"https:\/\/www.marketnewsdesk.com\/index.php\/strata-skin-sciences-announces-expanded-distribution-agreement-in-china-with-wuhan-miracle-laser-systems-inc\/#article","isPartOf":{"@id":"https:\/\/www.marketnewsdesk.com\/index.php\/strata-skin-sciences-announces-expanded-distribution-agreement-in-china-with-wuhan-miracle-laser-systems-inc\/"},"author":{"name":"Newsdesk","@id":"https:\/\/www.marketnewsdesk.com\/#\/schema\/person\/482f27a394d4fda80ecb5499e519d979"},"headline":"STRATA Skin Sciences Announces Expanded Distribution Agreement in China with Wuhan Miracle Laser Systems, Inc.","datePublished":"2021-03-09T13:03:29+00:00","mainEntityOfPage":{"@id":"https:\/\/www.marketnewsdesk.com\/index.php\/strata-skin-sciences-announces-expanded-distribution-agreement-in-china-with-wuhan-miracle-laser-systems-inc\/"},"wordCount":800,"image":{"@id":"https:\/\/www.marketnewsdesk.com\/index.php\/strata-skin-sciences-announces-expanded-distribution-agreement-in-china-with-wuhan-miracle-laser-systems-inc\/#primaryimage"},"thumbnailUrl":"https:\/\/www.globenewswire.com\/newsroom\/ti?nf=ODE4NjYyMiM0MDU0NjMxIzIwMTA1MTQ=","inLanguage":"en-US"},{"@type":"WebPage","@id":"https:\/\/www.marketnewsdesk.com\/index.php\/strata-skin-sciences-announces-expanded-distribution-agreement-in-china-with-wuhan-miracle-laser-systems-inc\/","url":"https:\/\/www.marketnewsdesk.com\/index.php\/strata-skin-sciences-announces-expanded-distribution-agreement-in-china-with-wuhan-miracle-laser-systems-inc\/","name":"STRATA Skin Sciences Announces Expanded Distribution Agreement in China with Wuhan Miracle Laser Systems, Inc. - 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