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

“We have worked diligently to engineer products that meet the procedure-specific needs of the markets we serve, and based upon the feedback and excitement among our surgeon customers, we believe we have successfully achieved that goal,” continued Mr. Owusu-Akyaw.  “Throughout 2009, we made progress bolstering our go-to-market and distributor channel strategy, and in 2010 our goal is to significantly strengthen the selling process within the channel.  We are working toward an important inflection point where our superior products and technology and our sales strategy all converge to support long-term revenue growth and profitability.  We will continue to invest prudently in enhancing all of these essential elements of our growth strategy.”

“The new products are the key to our revenue growth in 2010 and we expect them to generate $10 million to $12 million in revenue during 2010,” continued Mr. Owusu-Akyaw.  “This assessment reflects the delays we experienced in launching our new products, the timing of submissions to the FDA for marketing clearance and the recognition that the hospital product approval process will need to be managed differently than originally anticipated.”  

Financial Results


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