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Osteotech's Plexur M® Technology Wins Thomas Alva Edison Patent Award from the New Jersey Research and Development Council
Date:11/3/2010

EATONTOWN, N.J., Nov. 3, 2010 /PRNewswire-FirstCall/ -- Osteotech, Inc. (Nasdaq: OSTE), a leader in the emerging field of biologic products for regenerative healing, announced today that its patent supporting the innovative Plexur M® Technology has been selected to receive the Research and Development Council of New Jersey's 31st Thomas Alva Edison Patent Award in the medical category.  Osteotech was chosen from a broad field of nominees comprised of New Jersey small businesses, government laboratories and universities.

The patent, entitled "Formable and Settable Polymer Bone Composite and Method of Production Thereof," U.S. Patent 7,291,345, supports Plexur M, Osteotech's bone-polymer composite of bioresorbable polymer and cortical bone fibers used in a variety of orthopedic procedures. One of Osteotech's proprietary biologics, Plexur M is highly differentiated from competing products by being the only radiopaque, moldable, settable and machinable bone graft implant that completely remodels into new bone.  

"This award further underscores the market-leading technology that Osteotech has pioneered throughout the years, and we are honored to receive this recognition," said Sam Owusu-Akyaw, Osteotech's President and Chief Executive Officer.  "Plexur M has continued to gain traction within the surgeon community and is widely used in orthopedic trauma, joint replacements, and oncology-related procedures.  We would like to thank our internal research and development team for their outstanding contributions that have enabled Osteotech to create a portfolio of products and technologies that are advancing the standards of care within the biologics industry."

Osteotech will receive its award during the 31st Thomas Alva Edison Patent Awards ceremony and reception to be held on November 4, 2010 at the Liberty Science Center in Jersey City, NJ.


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SOURCE Osteotech, Inc.
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