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Osteotech Reports Fourth Quarter and Full Year 2009 Financial Results
Date:3/4/2010

istribution and sales strategy,” said Sam Owusu-Akyaw, President and Chief Executive Officer of Osteotech. “We successfully initiated the commercialization process for the MagniFuse™ Bone Graft and Plexur M® Innovative Grafting product families, and we improved the instrumentation of the FacetLinx™ Fusion Technology product.  With these significant steps forward, we continued the transformation of Osteotech to a business that is leveraging its technology assets into a portfolio of innovative and clinically efficacious procedure-specific products.”

Recent and Upcoming Corporate Developments

  • Early in the fourth quarter, the Company announced the first U.S. spinal surgery using MagniFuse PC (Posterior Cervical), which officially marked the start of the controlled release for the family of products based upon the MagniFuse technology platform.  MagniFuse PC was used during a posterior cervical fusion surgery and the surgeon cited the specialized biologic as being easy-to-use and intuitive with a differentiated self-contained delivery system. 
  • In the fourth quarter, Osteotech signed a multi-year tissue supply agreement with Community Tissue Services (CTS) with an initial term spanning 10 years. The agreement replaced a previous contract between the two companies that would have expired in 2011. Under the terms of the agreement, CTS will supply Osteotech with whole donors and cortical shaft
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SOURCE Osteotech, Inc.
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