VITOSS Podium and Electronic Poster Presentations at 2008 AANS/CNS Meeting
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MALVERN, Pa.--(Business Wire)-- Orthovita, Inc. (NASDAQ:VITA), a spine and orthopedic biosurgery company, announced today an upcoming presentation and electronic posters related to its VITOSS Bone Graft Substitute product. These presentations will be held at the 2008 Annual Meeting of the American Association of Neurological Surgeons/Congress of Neurological Surgeons (AANS/CNS), Section on Disorders of the Spine and Peripheral Nerves, held in Orlando, Florida from February 27 through March 1, 2008. These presentations are based on research conducted independently from Orthovita. Oral Poster Presentation Jeffrey McConnell, M.D., of the Pennsylvania Spine and Scoliosis Institute at OAA Orthopaedic Specialists in Allentown, will give an oral poster presentation of an abstract entitled, "A comparison of Beta-TCP+BMA vs. RhBMP-2 in anterior lumbar interbody fusion: A prospective, randomized trial with 1- year interim clinical and radiographic outcomes." "To my knowledge, our study represents the first direct randomized comparison between VITOSS enriched with bone marrow aspirate and recombinant human bone morphogenic protein in anterior lumbar fusion procedures," said Dr. McConnell. "Our results show no difference in radiological and clinical outcomes between the two groups. The data from this study can help physicians choose the best bone graft composition for an individual patient, taking both physiologic and economic factors into consideration." The podium presentation is scheduled for February 28, 2008, from 5:03 p.m. to 5:06 p.m. in Scientific Session II. Poster Presentations Neill Wright, M.D., Associate Professor in Neurological and Orthopaedic Surgery at Washington University School of Medicine in St. Louis, will present two electronic poster abstracts at the same meeting. The first abstract is entitled "A Safer Method of Anterior Cervical Arthrodesis Using rhBMP-2 in High-Risk Patients: Safety Profile and Fusion Outcomes in 50 Patients Treated with rhBMP-2 on a Beta-Tricalcium Phosphate Carrier." The second abstract is entitled "Anterior Cervical Arthrodesis Without Autograft, Allograft, or BMP-2: 75 Patients Treated with Beta-Tricalcium Phosphate Impregnated with Local Bone Marrow Aspirate." Dr. Wright started his studies about two years ago. "We were not entirely satisfied with allograft as a replacement for autograft, and thus were looking for an alternative," he said. "We specifically chose VITOSS for the osteoconductive component of our graft because of its unique structure and high porosity. In our studies, we have combined VITOSS with either bone marrow or BMP, and obtained healing results that are at least comparable to those we obtained with autograft." About the Company Orthovita is a spine and orthopedic biosurgery company with proprietary biomaterials and biologic technologies for the development and commercialization of synthetic, biologically active, tissue engineering products. We develop and market synthetic-based biomaterials products for use in spine surgery, the repair of fractures and a broad range of clinical needs in the trauma, joint reconstruction, revision and extremities markets. Our near-term commercial business is based on our VITOSS(R) Bone Graft Substitute technology platforms, which are designed to address the non-structural bone graft market by offering synthetic alternatives to the use of autograft or cadaver-based bone material, and VITAGEL(R) Surgical Hemostat, which is an adherent matrix and an impermeable barrier to blood flow. Our longer-term U.S. clinical development program is focused on our internally developed CORTOSS(R) Bone Augmentation Material technology platform, which is primarily designed for injections in osteoporotic spines to treat vertebral compression fractures. We work jointly with Kensey Nash Corporation to develop and commercialize novel synthetic-based biomaterial products, we market VITAGEL under a license granted by Angiotech Pharmaceuticals, Inc., and we continue to pursue similar relationships with other companies in biomaterials. Disclosure Notice This press release may contain forward-looking statements regarding Orthovita's current expectations of future events that involve risks and uncertainties, including, without limitation, the development, regulatory approval, demand and market acceptance of our products; our ability to obtain FDA clearance for CORTOSS in the United States; and other aspects of our business. Such statements are based on management's current expectations and are subject to a number of substantial risks and uncertainties that could cause actual results or timeliness to differ materially from those addressed in the forward-looking statements. Other factors that may cause such a difference are listed from time to time in reports filed by the Company with the U.S. Securities and Exchange Commission (SEC), including but not limited to risks described in our most recently filed Form 10-K under the caption "Risks Factors". Further information about these and other relevant risks and uncertainties may be found in Orthovita's filings with the SEC, all of which are available from the SEC as well as other sources. Orthovita undertakes no obligation to publicly update any forward-looking statements. Orthovita, Inc. Albert J. Pavucek, Jr. Chief Financial Officer 610-640-1775 or 800-676-8482 Copyright Business Wire 2008
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