PhotoMedex, Ya-Man terminate distribution agreement

|About: PhotoMedex, Inc. (PHMD)|By:, SA News Editor

PhotoMedex (PHMD) terminates its Japanese market exclusive distribution agreement with Ya-Man.

The issues: "Disputed marketing expenses" of ~$1M and "the failure of Ya-Man to meet minimum purchase obligations." (8-K)

For reference, see: Inventory reduction at Japanese distributor hits PHMD