Cardinal Health (NYSE:CAH) has agreed to pay more than $8.8 million to settle charges that a former subsidiary in China failed to detect bribes paid to government hospital officials and employees of state-owned retailers to buy skincare products. The settlement springs from a Securities and Exchange Commission investigation into Cardinal China, which Cardinal Health formed in […]
Cosmetic/Aesthetic
Cutera claims Lutronic stole trade secrets
Medical aesthetic devicemaker Cutera (NSDQ:CUTR) has filed a lawsuit claiming that Lutronic Aesthetics stole trade secrets, lured away employees and competed unfairly under California’s business and professions code. Brisbane, Calif.-based Cutera is also suing certain former employees, alleging violations of their work agreements as well as violations of duties owed to the company under California […]
InMode launches non-invasive facial remodeling tech
InMode (NSDQ:INMD) this week said it launched its Evoke facial remodeling solution. Evoke is a hands-free device designed for the face and subdermal area. The radio frequency-based platform addresses patient aesthetic concerns using controlled heating of the skin and subnormal tissue. “The idea of a facial hands-free treatment has been circulating in the market for about […]
Strata Skin Sciences wins FDA clearance for excimer laser platform
Strata Skin Sciences (NSDQ:SSKN) announced that it won FDA 510(k) clearance for its Xtrac Momentum excimer laser system for treating a number of skin diseases. The Xtrac laser is designed to deliver a highly targeted therapeutic beam of UVB light in the treatment of psoriasis, vitiligo, eczema, atopic dermatitis and leukoderma. It is made in three […]
Revian announces patent for LED hair-loss prevention tech
Revian announced that the U.S. Patent & Trademark Office (USPTO) has issued the company a patent to use proprietary color combinations of light to regenerate living tissue in the body — including hair. The patent covers the use of specific wavelengths of LED light to stimulate the body’s cellular generation of nitric oxide as well […]
Mavidon recalls LemonPrep, PediaPrep, Wave Prep, Cardio Prep tubes
Mavidon announced that it is recalling its LemonPrep, Pedia Prep, Wave Prep and Cardio Prep due to potential contamination. The company is recalling all lots of the specified products manufactured at its Riviera Beach, Fla.–based facility due to potential contamination with Burkholderia cepacia, which is an aerobic gram-negative bacillus found in various aquatic environments and […]
Hologic completes sale of Cynosure medical aesthetics business
Hologic (NSDQ:HOLX) announced today that it has completed the previously announced $205 million sale of its Cynosure medical aesthetics business to an affiliate of investment funds managed by Clayton, Dubilier & Rice. Minus closing adjustments, Hologic initially estimates it will receive net cash proceeds of $142 million from the sale. CEO Steve MacMillan previously said the sale […]
Venus Concept wins CE Mark and Health Canada approval
Venus Concept (NSDQ:VERO) announced today that it won CE Mark and Health Canada approval for its Venus Epileve device for hair removal, reduction and more. The Epileve is intended to treat hirsutism (male-pattern hair growth in women), permanent hair reduction and pseudofolliculitis barbae (condition in which shaving causes inflammation and bumps to develop on the […]
Hologic to sell Cynosure medical aesthetics business for $205m
Hologic (NSDQ:HOLX) announced today that it entered into a definitive agreement to sell its Cynosure medical aesthetics business in a deal worth more than $200 million. The Marlborough, Mass.–based company is in agreement with an affiliate of investment funds managed by Clayton, Dubilier & Rice and expected to collect net cash proceeds of approximately $138 million, according […]
Clarify Medical raises $18m Series A round
Clarify Medical said today that it closed a Series A financing round worth $18 million for its therapy system for patients with chronic skin conditions. H.I.G. BioHealth Partners, 7wire Ventures, SV Health Investors and Bluestem Capital participated in the funding round, which adds to a $1 million round Clarify picked up in July 2018. The […]
Restoration Robotics shareholders OK Venus Concept merger
Restoration Robotics (NSDQ:HAIR) said yesterday that its shareholders voted to approve its merger with Venus Concept. The shareholders voted on nine proposals at the company’s annual meeting last week, and the proposals that put the merger into effect were approved by approximately 85% of the outstanding shares, according to a news release. San Jose, Calif.-based Restoration […]