Tutogen Medical, Inc. and Zimmer Holdings, Inc. Announce Agreement for International Distribution of Biological Products
September 04 2007 - 5:40PM
PR Newswire (US)
ALACHUA, Fla. and WARSAW, Ind., Sept. 4 /PRNewswire-FirstCall/ --
Tutogen Medical, Inc. (AMEX:TTG), a leading manufacturer of sterile
biological implant products made from human (allograft) and animal
(xenograft) tissue, and Zimmer Holdings, Inc. (NYSE and SWX: ZMH),
a leader in the orthopaedics industry, today announced the
expansion of Tutogen's partnership with Zimmer Dental Inc., a
wholly owned subsidiary of Zimmer Holdings, Inc., into Europe, the
Middle East and Asia. Zimmer Dental currently distributes Tutogen
grafts in the United States, Canada and Latin America, under the
brand name Puros(R). This enhanced distribution agreement includes
both human and bovine tissues -- bone and soft tissue grafts -- and
provides the dentist with a complete product package for the
regenerative procedure. Guy Mayer, President and Chief Executive
Officer of Tutogen Medical, commented, "Our dental products have
demonstrated superior clinical results in the U.S. market. We look
forward to extending our relationship with Zimmer Dental in
globalizing this fast growing product portfolio. Working together
we have a demonstrated track record of success in developing the
North American market. We believe that joint experience provides a
strong foundation to build a significant international business."
According to David Dvorak, President and Chief Executive Officer of
Zimmer Holdings, Inc., Zimmer Dental's parent company, "We look
forward to leveraging the success and experience that we have
achieved in the U.S. market with Puros dental products from
Tutogen. This is an outstanding international market opportunity
for Zimmer Dental as it enables us to continue to define ourselves
as an innovator in advanced materials and in state-of-the-art oral
rehabilitation technologies." The addressable market for Tutogen's
dental products is estimated to be approximately $300 million
annually, with the U.S. representing approximately one-half of the
total. About Puros According to the companies, the Puros family of
bone grafting products offers an effective and predictable clinical
outcome for patients requiring bony enhancement of the mandible and
maxilla in a timely manner. All Puros products feature easy
handling, quick hydration, five-year shelf life and room
temperature storage. About Tutogen Medical, Inc. Tutogen Medical,
Inc. manufactures sterile biological implant products made from
human (allograft) and animal (xenograft) tissue. Tutogen utilizes
its proprietary Tutoplast Process(R) of tissue preservation and
viral inactivation to manufacture and deliver sterile bio-implants
used in spinal/trauma, urology, dental, ophthalmology, and general
surgery procedures. Tutogen's Tutoplast(R) products are sold and
distributed worldwide by Zimmer Spine and Zimmer Dental,
subsidiaries of Zimmer Holdings, Inc., Davol Inc. subsidiary of
C.R. Bard Inc., the Mentor Corporation (Mentor), Coloplast Corp.,
IOP, Inc. and through independent distributors internationally. For
more information, visit Tutogen's web site at
http://www.tutogen.com/. About Zimmer Founded in 1927 and
headquartered in Warsaw, Indiana, Zimmer is the worldwide #1
pure-play orthopaedic leader in designing, developing,
manufacturing and marketing reconstructive and spinal implants,
trauma and related orthopaedic surgical products. Zimmer has
operations in more than 24 countries around the world and sells
products in more than 100 countries. Zimmer's 2006 sales were
approximately $3.5 billion. Zimmer is supported by the efforts of
more than 7,000 employees worldwide. Visit Zimmer on the worldwide
web at http://www.zimmer.com/ About Zimmer Dental Inc. Zimmer
Dental is a global leader in the oral rehabilitation market with a
mission to improve the lives of patients through continuous product
development and leadership in education. Zimmer Dental offers one
of the most comprehensive dental implant product lines available,
including the Tapered Screw-Vent(R) Implant System and Puros
Allograft family, and provides professionals access to premier
education and training resources such as The Zimmer Institute(TM).
Tutogen Forward-Looking Statement Disclaimer This press release
contains "forward-looking statements" within the meaning of the
Private Securities Litigation Reform Act of 1995. Forward-looking
statements typically are identified by use of terms such as "may,"
"will," "should," "plan," "expect," "anticipate," "estimate,"
"believe" and similar words, although some forward-looking
statements are expressed differently. Forward-looking statements
are based on management's current expectations and are subject to
certain risks and uncertainties that could cause actual results to
differ materially from those set forth or implied by
forward-looking statements. These and other risks are identified in
our filings with the Securities and Exchange Commission, including
our Annual Report on Form 10-K for the fiscal year ended September
30, 2006. All information in this press release is as of the date
hereof, we undertake no duty to update this information unless
required by law. Zimmer Safe Harbor Statement This press release
contains forward-looking statements within the safe harbor
provisions of the Private Securities Litigation Reform Act of 1995
based on current expectations, estimates, forecasts and projections
about the orthopaedics and dental industries, management's beliefs
and assumptions made by management. Forward-looking statements may
be identified by the use of forward-looking terms such as "may,"
"will," "expects," "believes," "anticipates," "plans," "estimates,"
"projects," "assumes," "guides," "targets," "forecasts," and
"seeks" or the negative of such terms or other variations on such
terms or comparable terminology. These statements are not
guarantees of future performance and involve risks, uncertainties
and assumptions that could cause actual outcomes and results to
differ materially. These risks and uncertainties include, but are
not limited to, our ability to successfully integrate acquired
businesses, the outcome of the Department of Justice investigations
announced in March 2005 and June 2006, price and product
competition, rapid technological development, demographic changes,
dependence on new product development, the mix of our products and
services, supply and prices of raw materials and products, customer
demand for our products and services, control of costs and
expenses, our ability to form and implement alliances,
international growth, governmental laws and regulations affecting
our U.S. and international businesses, including tax obligations
and risks, product liability and intellectual property litigation
losses, reimbursement levels from third-party payors, general
industry and market conditions and growth rates and general
domestic and international economic conditions including interest
rate and currency exchange rate fluctuations. For a further list
and description of such risks and uncertainties, see our periodic
reports filed with the U.S. Securities and Exchange Commission. We
disclaim any intention or obligation to update or revise any
forward-looking statements, whether as a result of new information,
future events or otherwise, except as may be set forth in our
periodic reports. Readers of this document are cautioned not to
place undue reliance on these forward-looking statements, since,
while we believe the assumptions on which the forward-looking
statements are based are reasonable, there can be no assurance that
these forward-looking statements will prove to be accurate. This
cautionary statement is applicable to all forward-looking
statements contained in this document. Zimmer contacts: Media
Investors Brad Bishop Sean O'Hara James T. Crines 574-372-4291
574-371-8032 574-372-4264 Contacts: L. Robert Johnston, Jr. Lytham
Partners, LLC Chief Financial Officer Joe Diaz Tutogen Medical,
Inc. Joe Dorame 386-462-0402 Robert Blum 602-889-9700 DATASOURCE:
Tutogen Medical, Inc. CONTACT: L. Robert Johnston, Jr., Chief
Financial Officer of Tutogen Medical, Inc., +1-386-462-0402, ; or
Joe Diaz or Joe Dorame or Robert Blum, all of Lytham Partners, LLC,
+1-602-889-9700, for Tutogen Medical, Inc.; or Zimmer Media, Brad
Bishop, +1-574-372-4291, , or Zimmer Investors, Sean O'Hara,
+1-574-371-8032, , or James T. Crines, +1-574-372-4264, , all of
Zimmer Web site: http://www.tutogen.com/ http://www.zimmer.com/
Copyright
Tutogen Medical (AMEX:TTG)
Historical Stock Chart
From Oct 2024 to Nov 2024
Tutogen Medical (AMEX:TTG)
Historical Stock Chart
From Nov 2023 to Nov 2024