Venus Concept Announces Exclusive Strategic Supply Arrangement with Skin Laundry
TORONTO, June 17, 2024 (GLOBE NEWSWIRE) — Venus Concept Inc. (“Venus Concept” or the “Company”) (NASDAQ:VERO), a global medical aesthetic technology leader, announced today that it has entered a new strategic resurfacing and skin tightening device supply arrangement with Skin Laundry Holdings, Inc. (“Skin Laundry”). The supply arrangement included an initial order for Venus Viva (“Viva”) devices for their locations across the United States and the associated Viva tips consumable to complete the procedures. Skin Laundry is placing the devices throughout their chain of clinics and plans to perform thousands of skin resurfacing treatments per month using Venus Concept’s proprietary (MP)2 NanoFractional RF Technology with SmartScan, which provides clinically validated efficacy in both resurfacing and tightening. Venus Concept’s (MP)2 technology provides both RF and PEMF for optimal collagen and elastin formation with over 9,000 systems installed globally.