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Smith & Nephew Signs Distribution Agreement for Unique Injectable Bone Void Filler With Graftys
Date:5/24/2011

and trust. The Company has distribution channels, purchasing agents and buying entities in over 90 countries worldwide. Annual sales in 2010 were $4 billion.

About Graftys:

Graftys was created in 2005. The Company is based in Aix en Provence and Nantes (France) and opened its US office in Chicago in 2009. The Graftys team (23 employees) develops, manufactures and markets biomaterials and biotechnologies in the field of bone biology. Company technologies provide innovative therapeutic products through bone tissue engineering. Graftys is at the leading edge of combination products (ie drug/device). The company has partnered with leading research institutions in France (INSERM, CRNS, ANR, and various Universities) and co-owns several patents with these organizations.

Forward-Looking Statements

This press release contains certain "forward-looking statements" within the meaning of the US Private Securities Litigation Reform Act of 1995.  In particular, statements regarding planned growth in our business and in our trading margins discussed under "Outlook" are forward-looking statements as are discussions of our product pipeline.  These statements, as well as the phrases "aim", "plan", "intend", "anticipate", "well-placed", "believe", "estimate", "expect", "target", "consider" and similar expressions, are generally intended to identify forward-looking statements.  Such forward-looking statements involve known and unknown risks, uncertainties and other important factors (including, but not limited to, the outcome of litigation and regulatory approvals) that could cause the actual results, performance or achievements of Smith & Nephew, or industry results, to differ materially from any future results, performance or achievements expressed or implied by such forward-looking statements.  Please refer to the documents that Smith & Nephew has filed with the U.S. Securities and Exchange Commis
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