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Osteotech Completes Tissue Supply Agreement With LifeNet Health
Date:10/16/2007

EATONTOWN, N.J., Oct. 16 /PRNewswire-FirstCall/ -- Osteotech, Inc. (Nasdaq: OSTE) announced today that it has entered into a tissue supply agreement with LifeNet Health, Inc. Pursuant to the agreement, LifeNet Health will provide Osteotech with tissue which will be utilized by Osteotech for its core DBM, Biocomposite and Collagen Technologies. The agreement was effective September 1, 2007, has an initial five-year term which can be terminated earlier by either party on six months notice, and automatically renews for successive two-year terms unless terminated by either party six months prior to renewal. Osteotech currently has an agreement with LifeNet Health and its distribution partner, Depuy Spine, for the processing and distribution of a private label DBM.

Sam Owusu-Akyaw, Osteotech's President and Chief Executive Officer, commented, "We are extremely pleased to have expanded our relationship with LifeNet Health. We respect and support LifeNet Health's commitment to saving lives and restoring health. LifeNet Health has an excellent reputation and their commitment to tissue donation is outstanding."

Mr. Owusu-Akyaw continued, "Our tissue supply arrangements with LifeNet Health and Community Tissue Services provide a strong foundation for our tissue needs in future years. We will continue to pursue our strategic initiatives to establish additional relationships with other tissue recovery organizations and tissue banks."

LifeNet Health, founded in 1982, is a full service biomedical tissue banking system and a leading non-profit organ and tissue donation agency whose mission is saving lives and restoring health. LifeNet Health provides recovery and processing services for musculoskeletal and cardiova
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SOURCE Osteotech, Inc.
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