IsoTis Receives US Patent Related to Reverse Phase Medium Technology
03 Mai 2007 - 3:01PM
PR Newswire (US)
IRVINE, California, May 3 /PRNewswire-FirstCall/ -- IsoTis, Inc.
(NASDAQ: ISOT), the orthobiologics company, today announced that
the United States Patent and Trademark Office has awarded US Patent
No. 7,205,337, which relates to the company's Reverse Phase Medium
(RPM) carrier technology. The patent covers the use of IsoTis'
current RPM technology in combination with various demineralized
bone matrix (DBM) formulations, such as those based on the
company's innovative Accell technology. IsoTis has also received a
notice of allowance for a patent application covering the use of
the entire RPM formulation in combination with a complete range of
synthetic and natural bone graft substitute compounds. The
favorable handling characteristics of a number of IsoTis' products,
such as Accell Connexus, are to a large extent attributable to the
RPM technology. RPM technology enables the product to flow at
operating room temperature but thicken to a gel when placed in the
body and warmed to body temperature. Orthopedic surgery is often
open surgery, requiring regular irrigation and suction at the
surgical site to clear the operating field. RPM enables the surgeon
to shape and form the product outside the body to fit the surgical
site, and once the product is placed within the body, it thickens
and can resist displacement by irrigation. By resisting
displacement, more of the components with osteoinductive potential
of the product are held in place at the graft site, where they can
effect bone formation. Pieter Wolters, President and CEO of IsoTis
said, "The RPM technology is an essential part of a number of our
products. We believe that RPM contributes to the favorable handling
characteristics of our products, which differentiate us from other
products in the market. Following the key patent awarded last year
for our Accell platform technology, we believe this patent and the
notice of allowance further secure intellectual property protection
for our 2nd platform technology. " 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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