2023-08-02 11:15:41 ET
The Beauty Health Company ( BH ) said it has received FDA clearance for its microneedling device SkinStylus for the treatment of facial acne scarring in people age 22 or older.
The device is already cleared to treat surgical or traumatic hypertrophic scarring on the abdomen in adults. Beauty Health acquired the device in February, commenting that the device complimented its lead product, Hydrafacial, which is often used to prep the skin for microneedling.
Wall Street and Seeking Alpha analysts currently rate the stock a buy. The stock's Quant rating, however, is a sell.
Beauty Health is expected to release its Q2 earnings report on Aug. 9.
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Beauty Health gets FDA clearance for microneedling device for acne scarring