PhotoMedex Terminates Distribution Agreement in Japan
December 06, 2013 at 16:08 PM EST
PhotoMedex (NASDAQ: PHMD ) announced today the termination of the exclusive distribution agreement between its wholly-owned subsidiary Radiancy, Inc. and Ya-Man Ltd. for the Japanese market due to, among other things, disputed marketing expenses of approximately $1 million and the failure of Ya-Man to meet its minimum purchase obligations