HORSHAM, PA — STRATA Skin Sciences, Inc. (NASDAQ: SSKN) has announced its active participation in two key dermatology conferences this June. These events mark an important step for the company as it seeks to highlight its advanced treatment devices and expand their applications.
On June 1, STRATA took part in the inaugural Schweiger Symposium at the Jacob Javits Center in New York City. The event, organized by Dr. Eric Schweiger and the Schweiger Dermatology Group leadership team, brought together dermatology providers and leaders from multiple states. STRATA presented its XTRAC® and TheraClear®X devices, offering insights into their applications and advantages. By the end of the first quarter of 2024, these devices were already in use in over 35 offices within the 110 locations of the Schweiger Dermatology Group.
Later this month, on June 21, STRATA will participate in the Global Vitiligo Foundation Physician Education Summit at the Marriott Indianapolis North in Indianapolis. This summit aims to equip dermatologists with the knowledge and tools needed for accurate identification, diagnosis, and treatment of vitiligo. Leading specialists will share the latest findings and facilitate discussions. STRATA will demonstrate the benefits of its XTRAC® device for vitiligo treatment.
Dr. Dolev Rafaeli, STRATA president and CEO, emphasized the strategic importance of these events. “Participating in these two conferences highlights the key growth drivers for STRATA’s unique recurring revenue business,” he said. He further noted the company’s intention to promote best practices and expand the use of the XTRAC® device beyond psoriasis, extending into treatments for vitiligo and eczema.
Advancing Dermatological Care: STRATA’s Innovative Approach
The significance of these conferences goes beyond showcasing new technologies. They represent a broader strategy to integrate advanced treatment options into mainstream dermatological practices. For dermatologists, access to cutting-edge devices like XTRAC® and TheraClear®X means they can offer more effective treatments for a range of skin conditions, improving patient outcomes.
For STRATA, these conferences are an opportunity to solidify relationships with influential dermatology groups and private equity-backed practices. By demonstrating the efficacy of their devices, STRATA aims to drive adoption and enhance its recurring revenue model. This approach involves placing devices in dermatology offices and generating income through ongoing usage, which provides a steady and predictable revenue stream.
The expansion into treatments for conditions like vitiligo and eczema is particularly noteworthy. Vitiligo, a condition characterized by loss of skin pigment, affects millions worldwide and lacks universally effective treatments. Demonstrating the effectiveness of XTRAC® in treating vitiligo could significantly benefit patients and position STRATA as a leader in dermatological innovation.
Moreover, the focus on professional development and education at these conferences helps ensure that dermatologists are well-equipped to use these advanced devices. This not only improves the quality of care but also fosters a culture of continuous learning and improvement within the dermatology community.
In summary, STRATA Skin Sciences’ involvement in the Schweiger Symposium and the upcoming Global Vitiligo Foundation Physician Education Summit underscores the company’s commitment to advancing dermatological care. By leveraging innovative devices and fostering professional development, STRATA aims to enhance treatment outcomes and solidify its market position in the dermatology sector.
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