Artimplant AGM: BOD Authorized to Issue New Shares.Business Editors STOCKHOLM, Sweden--(BUSINESS WIRE)--May 3, 2001 The shareholders' annual meeting authorized the board of directors to issue 2 000 000 new shares until the next annual general meeting - at one or several occasions and with or without preferential right for the shareholders. The offered share price shall correspond to the market price at the time of the offering, with a necessary discount for realization. Lennart Ribohn was elected as new member of the board of directors. Akbar Seddigh, Per Flodin, Svante Rasmuson, Helge Ramseng and Anders Cedronius were re-elected. Akbar Seddigh was chosen as chairman at the inaugural board meeting. Artimplant is a biomaterial biomaterial /bio·ma·te·ri·al/ (bi?o-mah-ter´e-al) a synthetic dressing with selective barrier properties, used in the treatment of burns; it consists of a liquid solvent (polyethylene glycol-400) and a powdered polymer. company focused on unmet needs in the field of orthopedic surgery Orthopedic Surgery Definition Orthopedic (sometimes spelled orthopaedic) surgery is surgery performed by a medical specialist, such as an orthopedist or orthopedic surgeon, trained to deal with problems that develop in the bones, joints, and ligaments . Artimplant develops, manufactures and markets biodegradable biodegradable /bio·de·grad·a·ble/ (-de-grad´ah-b'l) susceptible of degradation by biological processes, as by bacterial or other enzymatic action. bi·o·de·grad·a·ble adj. implants with the aim of recreating an active life. The company's in-house developed biomaterial is based on a new patented technology that opens new market opportunities within orthopedic surgery and numerous other specialist areas where medical needs are large. After several years of development work Artimplant is now entering a market phase. Artimplant has developed and patented a number of biodegradable ligament ligament (lĭg`əmənt), strong band of white fibrous connective tissue that joins bones to other bones or to cartilage in the joint areas. The bundles of collagenous fibers that form ligaments tend to be pliable but not elastic. implants currently undergoing clinical studies. Early observations from a pilot study using Artimplant's anterior crutiate ligament (ACL See access control list. 1. ACL - Access Control List. 2. ACL - Association for Computational Linguistics. 3. ACL - A Coroutine Language. A Pascal-based implementation of coroutines. ["Coroutines", C.D. ) implant show subjective as well as objective knee stability. The technique enables relatively early rehabilitation rehabilitation: see physical therapy. . A ruptured ACL in the knee is one of the most frequent ligament injuries and often leads to lifelong detrimental effects for the injured in·jure tr.v. in·jured, in·jur·ing, in·jures 1. To cause physical harm to; hurt. 2. To cause damage to; impair. 3. , and substantial costs to society. Artimplant is listed on the O list of the OM Stockholm Exchange. Artimplant's interim reports and press releases can be retrieved from: www.artimplant.se ------------------------------------------------------------ This information was brought to you by BIT http://www.bit.se The following files are available for download: http://www.bit.se/bitonline/2001/05/03/20010503BIT00160/bit0001.doc http://www.bit.se/bitonline/2001/05/03/20010503BIT00160/bit0002.pdf |
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