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AlloSource Distributes Record Amount of Tissue in 2008
Date:2/4/2009

Non-profit tissue bank grows 21 percent helping patients in more donor communities

CENTENNIAL, Colo., Feb. 4 /PRNewswire/ -- AlloSource, one of the nation's largest non-profit providers of skin, bone and soft tissue allografts for use in surgical procedures, finished 2008 distributing more life-saving and life-enhancing allografts into its donor communities than ever before, and was recognized with five business accolades.

AlloSource is a leading U.S. tissue network and is one of the largest biotech companies in Colorado employing more than 350 people. In 2008, AlloSource processed more than 4,100 tissue donors whose gifts helped thousands of people improve their mobility and functionality. AlloSource processed more than 3,200 skin donors whose generous gifts helped save the lives of burn victims around the country.

"2008 was a particularly significant year for AlloSource. We reached milestones in all business areas and the great work of our associates was recognized with five significant awards," said Thomas A. Cycyota, AlloSource President and Chief Executive Officer. "But most importantly, we are incredibly thankful to the 4,100 people (and their families) that chose to be tissue donors, whose gifts we processed into allografts that helped people to walk again, live free from pain, avoid limb amputation and survive devastating burns."

2008 accomplishments include:

  • Organic revenue growth of 21 percent as a result of the Company's enhanced methods for tissue recovery, processing and distribution.
  • Raising the bar for a more rigorous processing environment and quality control system by registering with the FDA as a Medical Device (21 CFR Part 820) Establishment.
  • Reinvesting close to 45 percent of revenues with Organ Procurement Organization recovery agencies. These funds were used for a host of donation awareness
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SOURCE AlloSource
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