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CryoLife Announces Completion of Acquisition of Cardiogenesis
Date:5/17/2011

that may find greater acceptance among physicians and patients in the U.S. market, the anticipated synergy of injecting biologics, such as stem cells or growth factors, with TMR may not provide the desired medical benefits or may not ultimately be accepted by physicians, patients or regulators, and CryoLife's commercialization efforts with respect to the PHOENIX System may be delayed by factors beyond CryoLife's control, such as government regulation or market acceptance, or by changes in CryoLife's business plan.  CryoLife's ability to fully realize the anticipated benefits of the Cardiogenesis acquisition may be materially adversely impacted if the integration of Cardiogenesis' business with CryoLife is slower than expected or unsuccessful, or if efforts to integrate Cardiogenesis' business with CryoLife distract CryoLife's management team from the other facets of CryoLife's business.  Also, two purported class action lawsuits have been filed by Cardiogenesis shareholders challenging the merger and any lingering litigation relating to the merger may strain CryoLife's human and financial resources.  CryoLife's position as a leader in surgical products used to treat patients with severe angina or as a leading participant in the treatment of chronic myocardial ischemia is subject to market acceptance and CryoLife's ability to successfully merge the sales forces of both companies and adequately train them to market the products of both companies, CryoLife's product reach will only expand to the extent current and future clients of both companies are receptive to the marketing efforts of the combined company, CryoLife's ability to expand and enhance Cardiogenesis' global presence and international growth is also subject to the efforts of competitors in various countries, the acceptance of CryoLife's marketing efforts with physicians and patients in those countries, various government regulations, and global economic conditions, clinical trials to evaluat
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SOURCE CryoLife, Inc.
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