Medical aesthetics company Solta Medical has acquired CLRS Technology, maker of the Claro device that uses heat and light to combat acne.
CLRS gives Solta Medical, which generated nearly $100 million in revenues last year through the sale of systems Fraxel and Thermage for dermatological procedures, an entrance into the over-the-counter personal care segment. The company will assume around $1.1 million of CLRS’ debt at the deal’s closing and make future payments of undisclosed amounts based upon CLRS’ revenue and operating income through the end of 2011.
A Stella McCartney sketch of a custom dress made from protein-based silk in partnership with biotech lab Bolt Threads. The dress will be displayed at The Museum of Modern Art's upcoming design exhibition, "Items: Is Fashion Modern?"