Osteotech Reports Third Quarter 2009 Financi...(n mid-November. Osteotech intends to...),Health

• Osteotech intends to showcase its MagniFuse Technology and FacetLinx Fusion Technology at the North American Spine Society annual meeting in San Francisco, California from November 10 - 14, 2009.
  

• During the third quarter, Osteotech began the process of analyzing data from the 60-patient DuraTech BioRegeneration Matrix clinical trial. Based upon the data analysis process, the Company now expects to file during the fourth quarter of 2009 a 510(k) application with the United States Food and Drug Administration (FDA) to secure marketing clearance for DuraTech. DuraTech is the first of several products under development based upon Osteotech's proprietary human collagen technology (HCT(TM)) platform.
  

Financial Results

Revenue for the three months ended September 30, 2009 was $23.0 million compared with $24.1 million for the three months ended September 30, 2008. The decline in revenue for the third quarter of 2009 compared with the same period of 2008 was primarily driven by the expected reduction in revenue from the services businesses. The services businesses include client services and private label demineralized bone matrix, which collectively declined $1.1 million to $.7 million in the third quarter of 2009 compared with the third quarter of 2008. Excluding client services and private label demineralized bone matrix revenue, third quarter 2009 revenues were essentially equivalent with third quarter 2008 revenues. International revenue was $4.6 million, a decline of $.5 million in the third quarter of 2009 compared with the same period of 2008 primarily reflecting the challenging general economic conditions and the lingering impact following the resolution of the Company's self imposed temporary suspension of tissue products processed from tissue recovered by its Bulgarian subsidiary. Domestic revenue in the Company's base business was appro
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