Artimplant Recalls its Odontology Product Bone Scaffold from the Market.VASTRA FROLUNDA, Sweden -- Artimplant (STO:ARTIB) recalls its odontology odontology /odon·tol·o·gy/ (o?don-tol´ah-je) 1. scientific study of the teeth. 2. dentistry. o·don·tol·o·gy n. product Bone Scaffold intended to increase bone volume of bone defects in the mouth. The Company has acquired data showing that necessary bone formation is not achieved. The product has been implanted in less than 20 patients. As communicated in the third quarter interim report 2006, Artimplant develops a new design that is expected to better meet the functional demands. Clinical evaluation clinical evaluation Medtalk An evaluation of whether a Pt has symptoms of a disease, is responding to treatment, or is having adverse reactions to therapy is planned to be performed during 2007. Artimplant CEO (1) (Chief Executive Officer) The highest individual in command of an organization. Typically the president of the company, the CEO reports to the Chairman of the Board. , Hans Rosen says; "Bone Scaffold has been used by a selected number of clinics with the purpose of increasing bone volume, mainly in the upper jaw at so called sinus lift. Data from six months follow up show that so called osteoid osteoid /os·te·oid/ (os´te-oid) 1. resembling bone. 2. the organic matrix of bone; young bone that has not undergone calcification. os·te·oid adj. Resembling bone. tissue, the initial phase of bone formation is integrated into Artelon[R], but mineralized min·er·al·ize v. min·er·al·ized, min·er·al·iz·ing, min·er·al·iz·es v.tr. 1. To convert to a mineral substance; petrify. 2. To transform a metal into a mineral by oxidation. 3. bone is not formed. Because of this, Artimplant has decided to recall the product from the market. In consultation with clinicians we believe we may have identified the problem as too small pores in the product. Our plan is to further develop Bone Scaffold by changing the structure of the material. About Artimplant Artimplant is a biomaterials company focused on solutions to problems in orthopedic, odontological and reconstructive surgery. The Company is engaged in the development, production and marketing of degradable de·grad·a·ble adj. That can be chemically degraded: degradable plastic wastes. de·grad implants designed to restore active lifestyles and improve quality of life. The proprietary technology Artelon[R], a long-term degradable biomaterial, offers new solutions to unmet clinical needs and opens new markets. Artimplant's business model is that of licensing its products and technology to global partners. The Company currently has six licensing agreements and one distribution agreement with three global partners. Artimplant is a public company, listed on the Nordic Exchange in the Small Cap segment and in the healthcare sector. Forward-looking statements This press release contains forward-looking statements as defined in the U.S. Private Securities Litigation Reform Act The Private Securities Litigation Reform Act of 1995 (PSLRA) implemented several significant substantive changes affecting certain cases brought under the federal securities laws, including changes related to pleading, discovery, liability, class representation and awards fees and of 1995. Readers are cautioned not to place undue reliance on these forward-looking statements. Actual results may differ materially from those indicated by these forward-looking statements as a result of risks and uncertainties impacting the Company's business including increased competition; the ability of the Company to expand its operations and to attract and retain qualified professionals; technological obsolescence ob·so·les·cent adj. 1. Being in the process of passing out of use or usefulness; becoming obsolete. 2. Biology Gradually disappearing; imperfectly or only slightly developed. ; general economic conditions; and other risks detailed from time to time in the Company's filings. This information was brought to you by Waymaker http://www.waymaker.net |
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