HORSHAM, PA — STRATA Skin Sciences, Inc. (NASDAQ: SSKN), a medical technology firm known for its cutting-edge dermatologic products, recently announced the expansion of a direct distribution agreement with Kosmo Meditech. The deal, which is now assigned to Kosmo’s corporate parent, Cutech, Inc., will take effect on January 1, 2024.
The revised agreement extends the partnership through December 31, 2026, ensuring stability for both companies. More significantly, it includes defined annual and quarterly performance-based purchase requirements and positions STRATA as the sole provider of gas and consumables. This not only secures a consistent demand for STRATA’s products but also provides the company with a reliable forecast for production and inventory management, potentially boosting top-line revenue.
For business investors, this extended agreement signifies an important development. It represents the strength and growth of the partnership between STRATA and Kosmo, and it also reinforces STRATA’s dedication to upholding the highest standards in product and service offerings for dermatological treatments worldwide.
Korea, in particular, continues to present a significant opportunity for STRATA. By leveraging Kosmo’s extensive in-country distribution network, STRATA can provide its customers with innovative therapeutic solutions while ensuring a framework for sustainable growth and market leadership.
Dr. Dolev Rafaeli, President and Chief Executive Officer of STRATA, expressed optimism about the agreement. He stated, “This ongoing collaboration allows us to provide our customers with innovative therapeutic solutions while ensuring a framework for sustainable growth and market leadership.”
The expanded agreement with Kosmo Meditech could be a game-changer for STRATA, opening up new opportunities in the lucrative Korean market. Investors should keep a close eye on STRATA as it navigates this exciting new chapter.
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