EATONTOWN, N.J., March 24 /PRNewswire-FirstCall/ -- Osteotech, Inc. (NASDAQ:OSTE), a leader in the emerging field of biologic solutions for regenerative medicine, announced today that the United States Patent and Trademark Office has confirmed the validity of its U.S. Patent No. 5,676,146. The '146 patent covers mixtures of a radiolucent material, such as demineralized bone, with a radiopaque material, such as nondemineralized or partially demineralized bone, that is provided in sufficient quantity to be used as a radiographic marker. The Patent Office's reexamination certificate also includes four new claims.
"We are pleased that the United States Patent Office has confirmed the validity of our '146 patent," said Sam Owusu-Akyaw, Osteotech's President and Chief Executive Officer. "The '146 patent is an important part of our strategic vision providing patent protection for certain of our current Grafton(R) DBM products and for our next generation DBM products currently under development. It is our patent protection that allows us to make the investments necessary to continue to develop superior products for the medical community and patient care." Osteotech, Inc., headquartered in Eatontown, New Jersey, is a global leader in providing OsteoBiologic solutions for regenerative medicine to support surgeons and their patients in the repair of the musculoskeletal system through the development of innovative therapy-driven products that alleviate pain, promote biologic healing and restore function. For further information regarding Osteotech, this press release or the conference call, please go to Osteotech's website at http://www.osteotech.com/.
Certain statements made throughout this press release that are not historical facts contain forward-looking statements (as such are defined in the Private Securities Litigation Reform Act of 1995) regarding the Company's future plans, objectives and expected performance. Any such forward-looking statements are based on assumptions that the Company believes are reasonable, but are subject to a wide range of risks and uncertainties and, therefore, there can be no assurance that actual results may not differ materially from those expressed or implied by such forward-looking statements. Factors that could cause actual results to differ materially include, but are not limited to, the Company's ability to develop and introduce new products, differences in anticipated and actual product and service introduction dates, the ultimate success of those products in the marketplace, the continued acceptance and growth of current products and services, the impact of competitive products and services, the availability of sufficient quantities of suitable donated tissue and the success of cost control and margin improvement efforts. Certain of these factors are detailed from time to time in the Company's periodic reports filed with the Securities and Exchange Commission. All information in this press release is as of March 24, 2008 and the Company does not intend to update this information. DATASOURCE: Osteotech, Inc.
CONTACT: Mark H. Burroughs of Osteotech, Inc., +1-732-542-2800 Web site: http://www.osteotech.com/ Company News On-Call: http://www.prnewswire.com/comp/668050.html
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