Healthcare Industry News: CONMED
News Release - November 17, 2009
CONMED Linvatec Announces Launch of Novel Biocomposite Technology and Related Matryx(TM) Biocomposite Interference ScrewsUTICA, NY, Nov 17--(HSMN NewsFeed) - CONMED Corporation's (NASDAQ:CNMD ) CONMED Linvatec arthroscopy unit today announced the release of new sizes of its Matryx(TM) Biocomposite Interference Screw. These new screws represent the latest advance in biocomposite material technology that allows CONMED Linvatec to produce the smallest Biocomposite Interference screw available on the market today for primary fixation of ACL and PCL grafts. The Company will debut the product at the Fall Arthroscopy Association of North America (AANA) meeting in Palm Springs, CA, which takes place November 19-21, 2009.
Matryx interference screws are indicated for soft tissue fixation in ACL and PCL reconstructions. With the new smaller sizes, in conjunction with the new Bullseye(TM) Anatomic Cruciate Reconstruction System, CONMED Linvatec can now provide a complete anatomic solution for cruciate repairs. The new smaller Matryx screws will be used extensively in double bundle anatomic reconstructions where two small bone tunnels are drilled for the reconstruction of the ligament. The existing larger Matryx sizes (7-11mm) are indicated for soft-tissue and BTB graft fixation in ACL and PCL reconstructions.
"The important advances we have made in biomaterials technology have enabled us to be first to market with one of the smallest available Biocomposite interference screws for primary fixation in ACL and PCL reconstructions," said Joseph Darling, President of CONMED Linvatec. "We continue to leverage our extensive expertise in biomaterials to deliver a broad range of customer solutions. In conjunction with the previously announced Bullseye Anatomic Cruciate System, we now offer a complete system of products for anatomic cruciate reconstructions which should further enhance our market position."
The unique Matryx brand of biocomposite screws are composed of proprietary Self-Reinforced bioabsorbable 96L/4D Poly-Lactic Acid polymer imbued with Beta-TCP particles. Matryx screws are absorbed by the body over time and foster new bone formation around the repaired ligament. These new smaller screw sizes (5.0 - 6.5mm diameters) are manufactured with a novel processing technology that produces the smallest Biocomposite interference screws currently on the market. This novel processing technology results in a finer and more consistent distribution of Beta TriCalcium Phosphate particles throughout the self-reinforced fibers of the absorbable Poly-Lactic Acid matrix.
CONMED is a medical technology company with an emphasis on surgical devices and equipment for minimally invasive procedures and patient monitoring. The Company's products serve the clinical areas of arthroscopy, powered surgical instruments, electrosurgery, cardiac monitoring disposables, endosurgery and endoscopic technologies. They are used by surgeons and physicians in a variety of specialties including orthopedics, general surgery, gynecology, neurosurgery and gastroenterology. Headquartered in Utica, New York, the Company's 3,200 employees distribute its products worldwide from several manufacturing locations.
This press release contains forward-looking statements based on certain assumptions and contingencies that involve risks and uncertainties. The forward-looking statements are made pursuant to the safe harbor provisions of the Private Securities Litigation Reform Act of 1995 and relate to the Company's performance on a going-forward basis. The forward-looking statements in this press release involve risks and uncertainties which could cause actual results, performance or trends, to differ materially from those expressed in the forward-looking statements herein or in previous disclosures. The Company believes that all forward-looking statements made by it have a reasonable basis, but there can be no assurance that management's expectations, beliefs or projections as expressed in the forward-looking statements will actually occur or prove to be correct. In addition to general industry and economic conditions, factors that could cause actual results to differ materially from those discussed in the forward-looking statements in this press release include, but are not limited to: (i) the failure of any one or more of the assumptions stated above, to prove to be correct; (ii) the risks relating to forward-looking statements discussed in the Company's Annual Report on Form 10-K for the fiscal year ended December 31, 2008; (iii) cyclical purchasing patterns from customers, end-users and dealers; (iv) timely release of new products, and acceptance of such new products by the market; (v) the introduction of new products by competitors and other competitive responses; (vi) the possibility that any new acquisition or other transaction may require the Company to reconsider its financial assumptions and goals/targets; and/or (vii) the Company's ability to devise and execute strategies to respond to market conditions.
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