HORSHAM, Pa., April 06, 2020 (GLOBE NEWSWIRE) — STRATA Skin Sciences, Inc. (NASDAQ: SSKN) (“STRATA” or the “Company”), 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 the peer-reviewed publication of a clinical study report entitled: “Treatment of Plaque Psoriasis with an Excimer Laser Utilizing an Optimal Therapeutic UVB Dose Protocol” in the April, 2020 issue of the Journal of Drugs in Dermatology.
The article, authored by Quinn Thibodeaux, MD, Kristen Beck, MD, Benjamin N. Lockshin, MD, Neal Bhatia, MD, Ethan Levin, MD, John Koo, MD, and Tina Bhutani, MD, summarizes the results of a multi-center clinical study investigating the efficiency and efficacy of the Multi-Micro Dose® diagnostic tip accessory for STRATA’s proprietary XTRAC® 308nm excimer laser in treatment of plaque psoriasis. Centers that participated in the study include: Department of Dermatology, Psoriasis & Skin Treatment Center, University of California (San Francisco), Clinical Trials Center at DermAssociates, U.S. Dermatology Partners, Clinical Dermatology and Therapeutics Clinical Research.Results from the study demonstrated:92% of the participants responded to treatment and achieved a reduction in mPASI score of 75% or moreA statistically significant improvement in mPASI score by the second treatment and an mPASI reduction of 50% or more after an average of four sessions, compared to the current average of 16 to 20 treatments with NB-UVB 308 nm devicesResults were durable, with patients maintaining a reduction in their mPASI scores of 50% or more for 60 daysFurther, statistical analysis predicts mPASI scores to stay below 50% of baseline for 78 daysThe clinical study is available online at https://jddonline.com/articles/dermatology/S1545961620P0349X/1Dr. Dolev Rafaeli, the Company’s President and CEO stated, “The data was impressive with faster reduction in mPASI and 92% of patients exceeding the endpoint of overall reduction after receiving Optimal Therapeutic Dose Protocol, utilizing the Multi-Micro Dose diagnostic tip. Publication of this study in the Journal of Drugs in Dermatology, a well-respected peer-reviewed journal, is a tremendous validation of our new OTD protocol and its ability to provide faster, more convenient patient outcomes, greater patient satisfaction and lower costs for payers and patients alike.”Commenting on the implications of COVID-19 on XTRAC procedures, Dr. Rafaeli added, “The XTRAC excimer laser is a safe and effective treatment with no systemic side effects on a patient’s immune system. Additionally, due to serious concerns from the impact of COVID-19 in immune compromised patients, we are anticipating that more physicians will choose XTRAC for their new patients and will likely switch some of their existing patients treated with systemic immunosuppressants to the XTRAC treatment. The American Academy of Dermatology has recently published guidelines for providers to follow for patients on biologic therapy during this Coronavirus Pandemic: guidance document on the use of biological agents during the COVID-19 outbreak.”About STRATA Skin Sciences, Inc. (www.strataskinsciences.com)
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 ® excimer laser and VTRAC ® lamp systems utilized in the treatment of psoriasis, vitiligo and various other skin conditions.The Company’s proprietary XTRAC® 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 treatment to vitiligo patients.STRATA’s 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’s partner dermatology clinics.The XTRAC business has used this proven DTC model to grow its domestic dermatology partner network to over 820 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.Safe Harbor
This press release, and oral statements made regarding the subjects of this release contains “forward-looking statements” within the meaning of the Securities Litigation Reform Act of 1995, or the Reform Act, which may include, but are not limited to, statements regarding the Company’s revenue growth estimates, plans, objectives, expectations and intentions and other statements contained in this press release that are not historical facts, including statements identified by words such as “believe,” “plan,” “seek,” “expect,” “intend,” “estimate,” “anticipate,” “will,” and similar expressions. All statements addressing the Company’s ability to generate the anticipated revenue stream, the Company’s ability to generate sufficient cash flow to fund the Company’s ongoing operations and research and development activities beginning at any time in the future; litigation and regulatory proceedings to which the Company might be subject; the Company’s ability to implement business strategies, including its acquisition, business development and comeback strategies; the Company’s acquisition and business development strategy may not be successful in locating advantageous targets; the Company’s ability to successfully integrate any assets, liabilities, customers, systems and management personnel it acquires into its operations and its ability to realize related revenue synergies, strategic gains and cost savings may be significantly harder to achieve, if at all, or may take longer to achieve; potential goodwill impairment charges, future impairment charges and fluctuations in the fair values of reporting units or of assets in the event projected financial results are not achieved within expected time frames; the Company’s debt and debt service requirements which may restrict its operational and financial flexibility, as well as imposing unfavorable interest and financing costs; the Company’s ability to maintain its existing credit facilities or obtain satisfactory new credit facilities; regulatory and political factors or conditions affecting the Company and/or the medical device industry in general; the public’s reaction to the Company’s advertisements and marketing campaigns, and the Company’s ability to build a leading franchise in dermatology and aesthetics, the impact of COVID-19 on the use of XTRAC or COVID-19’s impact on the dermatological segment, and the Company’s ability to grow revenues and sustain that growth as well as statements expressing optimism or pessimism about future operating results are forward-looking statements within the meaning of the Reform Act. The forward-looking statements are based on management’s current views and assumptions regarding future events and operating performance, and are inherently subject to significant business, economic, and competitive uncertainties and contingencies and changes in circumstances, many of which are beyond the Company’s control. 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.Although the Company does not make forward-looking statements unless it believes it has a reasonable basis for doing so, the Company cannot guarantee their accuracy. The foregoing factors, among others, could cause actual results to differ materially from those described in these forward-looking statements. For a list of other factors which could affect the Company’s results, including revenue growth estimates, see the Company’s filings with the Securities and Exchange Commission, including “Cautionary Note Regarding Forward-Looking Statements,” “Item 1A. Risk Factors,” and “Item 7. Management’s Discussion and Analysis of Financial Condition and Results of Operations” set forth in the Company’s Annual Report on Form 10-K for the fiscal year ended December 31, 2019. No undue reliance should be placed on any forward-looking statements.Investor Contacts:
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