Osteotech Receives Its First Grafton(R) DBM 510(k) FDA Clearance Bone
Graft Paste
EATONTOWN, N.J., Nov. 29 /PRNewswire-FirstCall/ -- Osteotech, Inc.
(Nasdaq: OSTE) announced today that the Food and Drug Administration
("FDA")
has cleared its 510(k) for Grafton Plus(R) DBM Paste for use as a bone
graft
extender, bone graft substitute and bone void filler in orthopedic
procedures.
Sam Owusu-Akyaw, Osteotech's President and Chief Operating Officer,
stated, "The Grafton Plus(R) DBM Paste 510(k) for orthopedic use is the
first
of five previously reported 510(k) applications that the Company has
filed
with the FDA covering its family of Grafton(R) DBM products. We are
particularly pleased that this 510(k) application has been cleared for
all the
indications for which we applied. To our knowledge, this is the only
DBM
product on the market to receive clearance as a bone graft extender,
bone
graft substitute and bone void filler."
Mr. Owusu-Akyaw concluded, "We look forward to the FDA clearing, in
the
near future, the remaining four 510(k) applications covering our
Grafton(R)
DBM family of products. We have been working diligently with the FDA
reviewers on all of our 510(k) applications and we believe that they
will
receive clearance by the Agency."
Grafton Plus(R) DBM Paste is a demineralized bone product that has
been
proven to be osteoinductive in an athymic rat in vivo model as well as
being
osteoconductive. Further, results of bone formation studies in animals
showed
that Grafton Plus(R) DBM Paste performed comparably to autograft.
Grafton
Plus(R) DBM is prepared utilizing a proprietary processing method that
has
been validated to consistently produce DBM that is osteoinductive in an
athymic rat model and has been validated to inactivate a panel of
viruses,
including: HIV-1, hepatitis B (using a duck hepatitis virus as a model),
hepatitis C (using a bovine diarrhea virus as a model), CMV and polio.
This
validated process is used to further reduce the risk of disease
transmission
beyond the protection provided by donor testing and screening
procedures.
Certain statements made in this press release that are not
historical
facts contain forward-looking statements (as such are defined in the
Private
Securities Litigation Reform Act of 1995) regarding the Company's future
plans, objectives and expected performance. Any such forward-looking
statements are based on assumptions that the Company believes are
reasonable,
but are subject to a wide range of risks and uncertainties and,
therefore,
there can be no assurance that the actual results may not differ
materially
from those expressed or implied by such forward-looking statements.
Factors
that could cause actual results to differ materially include, but are
not
limited to, the failure of the FDA to clear the Company's additional
510(k)
submissions for its Grafton(R) DBM and private label product lines, the
continued acceptance and growth of current products and services,
differences
in anticipated and actual product and service introduction dates, the
ultimate
success of those products in their marketplace, the impact of
competitive
products and services, the availability of sufficient quantities of
suitable
donated tissue and the success of cost control and margin improvement
efforts.
Certain of these factors are detailed from time to time in the Company's
periodic reports (including the Annual report on Form 10-K for the year
ended
December 31, 2004 and the Form 10-Q for each of the first three
quarters of
2005) filed with the Securities and Exchange Commission. All
information in
this press release is as of November 28, 2005 and the Company
undertakes no
duty to update this information.
Osteotech, Inc., headquartered in Eatontown, New Jersey, is a
leading
provider of human bone and bone connective tissue for transplantation
and an
innovator in the development and marketing of biomaterial and implant
products
for musculoskeletal surgery. For further information regarding
Osteotech or
this press release, please go to Osteotech's website homepage at
http://www.osteotech.com
and to Osteotech's Financial Information Request Form
website page at http://www.osteotech.com/finrequest.htm.
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Monday, December 26
by
Barry Sugarman
on Mon 26 Dec 2005 11:50 AM AKST
by
Barry Sugarman
on Mon 26 Dec 2005 11:15 AM AKST
LAUSANNE, Switzerland, IRVINE, California, December 8
/PRNewswire-FirstCall/ -- IsoTis OrthoBiologics (SWX/Euronext: ISON) (TSX: ISO) today announced it received 510(k) clearance from the US Food and Drug Administration (FDA) for the use of OrthoBlast II(R) in orthopedic applications. IsoTis OrthoBiologics has previously obtained 510(k) clearances for DynaGraft II(TM), Accell Connexus (TM), OsSatura(TM), and its bone marrow aspiration kit Aspirex. Accell(R) DBM100 and Accell TBM(TM), having no excipient carriers, are regulated by the FDA as human tissue and not as medical devices requiring premarket clearance. Pieter Wolters, President and CEO of IsoTis said: "With the 510(k) clearance of OrthoBlast II, all IsoTis' marketed products are in compliance with FDA regulations, and we can continue to focus on servicing the orthopedic profession with products that are first in class in the bone grafting market. The increased uptake of our innovative Accell product line as a result of the high levels of BMPs it contains, and the solid market position of first generation products like OrthoBlast II, provide us with a healthy basis for growth in the years to come." OrthoBlast II is a combination of demineralized bone matrix (DBM) with cancellous bone chips delivered in a reverse phase medium. The reverse phase medium becomes more viscous at body temperature, but less viscous at cooler temperatures. Therefore, it is malleable at operating room temperatures, but thickens when placed in the operative site. This allows the DBM to be contained at the graft site with minimal loss through irrigation and suction. IsoTis OrthoBiologics has a product portfolio with several innovative and proprietary natural and synthetic bone graft substitutes on the market and others in development, an established North American independent distribution network, and an expanding international presence. The company's main commercial operations are based out of Irvine, CA; its international sales headquarters is based in Lausanne, Switzerland. Certain statements in this Press Release are "forward-looking statements" within the meaning of Section 21E of the Securities Exchange Act of 1934, as amended, including those that refer to management's plans and expectations for future operations, prospects and financial condition. Words such as 'strategy,' 'expects,' 'plans,' 'anticipates,' 'believes,' 'will,' 'continues,' 'estimates,' 'intends,' 'projects,' 'goals,' 'targets' and other words of similar meaning are intended to identify such forward-looking statements. One can also identify them by the fact that they do not relate strictly to historical or current facts. Such statements are based on the current expectations of the management of IsoTis S.A. only. Undue reliance should not be placed on these statements because, by their nature, they are subject to known and unknown risks and can be affected by factors that are beyond the control of IsoTis. Actual results could differ materially from current expectations due to a number of factors and uncertainties affecting IsoTis' business, including but not limited to the timely commencement and success of IsoTis' clinical trials and research endeavors, delays in receiving U.S. FDA or other regulatory approvals (a.o. EMEA, CE), market acceptance of the Company's products, development of competing therapies and/or technologies, the terms of any future strategic alliances, the need for additional capital, the inability to obtain, or meet conditions imposed for the required governmental and regulatory approvals and consents. IsoTis expressly disclaims any intent or obligation to update these forward-looking statements except as required by law. For a more detailed description of the risk factors and uncertainties affecting IsoTis, refer to the Company's Annual Report on Form 20-F for the fiscal year ended December 31, 2004, filed with the SEC and to IsoTis' reports filed from time to time with the Swiss Stock Exchange (SWX), Euronext Amsterdam N.V., and SEDAR at http://www.sedar.com, as well as the Toronto Stock Exchange (TSX). SOURCE IsoTis OrthoBiologics |
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