IsoTis Appoints James P. Abraham as Senior Vice President Sales
16 April 2007 - 3:00PM
PR Newswire (US)
IRVINE, California, April 16 /PRNewswire-FirstCall/ -- IsoTis, Inc.
(NASDAQ:ISOT), the orthobiologics company, today announced it has
appointed James (Jim) P. Abraham as Senior Vice President of Sales.
Mr. Abraham successfully served the company in the same capacity
from November 2004 until early 2006. He has a 24 year track record
in the orthopaedic industry, and as an executive played a key role
in growing sales at Sulzer Orthopedics from 1991 to 1994, Encore
Medical Corp. from 1994 to 1998, Regeneration Technologies, Inc.
from 1998 to 2002, and at IsoTis from 2004 to 2006. Jim Abraham
left IsoTis to set up his own consultancy firm that primarily
focused on advising a private equity group on M&A and
investments in the orthobiology industry. Mr. Abraham replaces Alan
Donze who left IsoTis on April 5. Pieter Wolters, President and CEO
of IsoTis said: "We are very pleased at having succeeded in
attracting Jim Abraham to once again take up the responsibility as
our Senior Vice President of Sales. Based on our close
collaboration in the past and his successful work with our sales
team, I am confident that he will provide the leadership to
continue to execute our strategy successfully and to help us attain
our goals. " About IsoTis, Inc. IsoTis is a leading orthobiologics
company that develops, manufactures and markets proprietary
products for the treatment of musculoskeletal diseases and
disorders. IsoTis' current orthobiologics products are bone graft
substitutes that promote the regeneration of bone and are used to
repair natural, trauma-related and surgically-created defects
common in orthopedic procedures, including spinal fusions. IsoTis'
current commercial business is highlighted by its Accell line of
products, which the company believes represents the next generation
in bone graft substitution. Certain statements in this press
release are "forward-looking statements" within the meaning of
Section 21E of the Securities Exchange Act of 1934, as amended,
including those that refer to management's plans and expectations
for future operations, prospects and financial condition. Words
such as "strategy," "expects," "plans," "anticipates," "believes,"
"will," "continues," "estimates," "intends," "projects," "goals,"
"targets" and other words of similar meaning are intended to
identify such forward-looking statements. One can also identify
them by the fact that they do not relate strictly to historical or
current facts. Such statements are based on the current
expectations of the management of IsoTis only. Undue reliance
should not be placed on these statements because, by their nature,
they are subject to known and unknown risks and can be affected by
factors that are beyond the control of IsoTis. Actual results could
differ materially from current expectations due to a number of
factors and uncertainties affecting IsoTis' business, including,
but not limited to, a competitive sales and marketing environment,
the timely commencement and success of IsoTis' clinical trials and
research endeavors, delays in receiving U.S. Food and Drug
Administration or other regulatory approvals (a.o. EMEA, CE),
including the risk that the FDA determines that our Accell Putty
and Accell TBM products are not human tissue or class II medical
devices, that the Company is unable to obtain 510(k) clearance for
its Accell products, that the FDA requires the Company to obtain
premarket approval of its Accell products prior to continuing their
marketing, that the FDA requires the Company to produce additional
clinical data to support approval or clearance of its products,
that the FDA imposes compliance measures against the Company for
the marketing of its Accell products, including imposing fines and
injunctions or causing the Company to recall its Accell products,
market acceptance of IsoTis' products, effectiveness of IsoTis'
distribution channels, development of competing therapies and/or
technologies, the terms of any future strategic alliances, the need
for additional capital, the inability to obtain, or meet,
conditions imposed for required governmental and regulatory
approvals and consents. IsoTis expressly disclaims any intent or
obligation to update these forward-looking statements except as
required by law. For a more detailed description of the risk
factors and uncertainties affecting IsoTis, refer to the Annual
Report on Form 20-F for the fiscal year ended December 31, 2005 of
IsoTis SA, the predecessor of the Company, filed with the SEC, to
IsoTis SA's reports filed from time to time with the Swiss Stock
Exchange (SWX), Euronext Amsterdam N.V., SEDAR at
http://www.sedar.com/ and the Toronto Stock Exchange (TSX), and to
the reports filed from time to time by the Company with the SEC.
DATASOURCE: Isotis Inc CONTACT: For information contact: Rob
Morocco, CFO, +1-(949)-855-7155, . Hans Herklots, Director IR,
+1-(949)-855-7195 or +41-(21)-620-6011,
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