Medical technology company STRATA Skin Sciences, Inc. (SSKN) announced Friday the expansion of a direct distribution agreement with its Korean distributor Kosmo Meditech, which is now assigned to Kosmo's corporate parent, Cutech, Inc., effective as of January 1, 2024, for a combination of direct capital sales and direct recurring revenue sales in Korea.
The companies have extended the term of the direct distribution agreement through December 31, 2026, ensuring a prolonged and stable partnership.
They have also established defined annual and quarterly performance-based purchase requirements, securing a consistent demand for STRATA's products, providing a reliable forecast for production and inventory management, and ensuring stronger top-line revenue.
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May 15, 2026 15:25 ET Apart from the confirmation of Kevin Warsh as the next Fed chair, the main news on the economics front this week included key price data from the U.S. and the first quarter economic growth figures from major economies. Both consumer prices and producer costs have started to reflect the effect of supply shocks due to the Middle East conflict. In Europe, GDP data was in focus, while inflation data from China dominated the news flow in Asia.