March 27, 2017 3:34 AM ET

Healthcare Equipment and Supplies

Company Overview of Radiancy, Inc

Company Overview

Radiancy, Inc. develops, manufactures, and sells home-use and professional aesthetic and dermatological devices. It offers light-based light and heat energy systems. The company’s solutions are used for applications in the area of skin rejuvenation and tightening, acne clearance, hair removal, psoriasis care, acne treatment, intelligent phototherapy, collagen renewal, vascular and pigmented lesion treatment, wrinkle reduction, collagen renewal, soften fine lines, homogenize skin tone, pore size decrease, and skin texture improvement, as well as for the enhancement of the absorption of creams and lotions. It serves physician clinics, salons, spas, and hairdressers. The company was founded in ...

40 Ramland Road South

Suite 200

Orangeburg, NY 10962

United States

Founded in 1998

Phone:

845-398-1647

Fax:

845-398-1648

Key Executives for Radiancy, Inc

Financial Manager of Radiancy
Vice President of Sales
Compensation as of Fiscal Year 2016.

Radiancy, Inc Key Developments

Radiancy Signs Distribution Agreement with Synergy Trading

PhotoMedex Inc., has announced that its subsidiary, Radiancy Inc., has signed a distribution agreement with Synergy Trading Corporation for no!no! line of hair-removal products in Japan. This agreement includes Radiancy's no!no! 8800 and no!no! PRO. In addition, Synergy will launch two new no!no! models during 2016 and has a right of first refusal to market additional Radiancy consumer products. The agreement runs through December 31, 2016 and is renewable thereafter.

United States District Court Dismisses Action against Radiancy, Inc

On March 30, 2015, the United States District Court for the District of Columbia dismissed in its entirety an action brought by Jan Mouzon and twelve other plaintiffs in ten states against Radiancy Inc., a subsidiary of PhotoMedex Inc. and Radiancy's Chief Executive Officer, Dolev Rafaeli. This action arose from the advertising and sale of Radiancy's product, the no!no! Hair removal device. The plaintiffs made various claims against Radiancy and Dr. Rafaeli, both on their own behalf and as representatives of a purported nationwide class (or as representatives of subclasses located in their own states). Among other claims, plaintiffs alleged that Radiancy and Dr. Rafaeli engaged in a scheme to deceive customers and the public under New York General Business Law 349-350; alleged violations of state consumer protection laws; and brought warranty-based claims regarding the product, including breach of express warranty, breach of implied warranty of merchantability and fitness for a particular purpose, and a claim for violation of the federal Magnuson-Moss Warranty Act. The Court granted Radiancy's motion to dismiss the claims against it for failure to state a claim. The Court specifically dismissed with prejudice the claims pursuant to New York General Business Law 349-50 and the implied warranty of fitness for a particular purpose claim. The other counts against Radiancy were dismissed without prejudice. The Court also granted Dr. Rafaeli's motion to dismiss the actions against him for lack of personal jurisdiction over him by the Court; the Court further denied the plaintiffs request for jurisdictional discovery with respect to Dr. Rafaeli.

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Recent Private Companies Transactions

Type
Date
Target
Merger/Acquisition
October 5, 2016
Consumer Products Business And LK Technology Importação E Exportação Ltda And Radiancy (HK) Limited
 

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