AxioMed Spine Corporation Announces the Appointment of Patrick McBrayer as President and CEO.GARFIELD HEIGHTS Garfield Heights, city (1990 pop. 31,739), Cuyahoga co., NE Ohio, a residential and industrial suburb adjacent to Cleveland; founded 1904, inc. 1932. It has oil refineries and a steel industry. , Ohio -- AxioMed(R) Spine Corporation, a development stage medical company with innovative spinal implants to restore the native motion of the spine, announces the addition of Patrick A. McBrayer as President and Chief Executive Officer in February 2006. He joins AxioMed during the development of the Freedom(TM) Lumbar lumbar /lum·bar/ (lum´bar) pertaining to the loins. lum·bar adj. Of, near, or situated in the part of the back and sides between the lowest ribs and the pelvis. Disc (FLD FLD Field FLD Fielding FLD Fluid Dynamics FLD Free Lunch Design FLD Fatty Liver Disease (aka hepatic lipidosis) FLD Forming Limit Diagram FLD fluorescence detector FLD Fond du Lac, Wisconsin (Airport Code) ) System, the next generation of total disc replacement and first implant system in the Company's pipeline. AxioMed's goal is to establish clinical and economic value of this pioneering technology through rigorous, well planned clinical studies in the United States United States, officially United States of America, republic (2005 est. pop. 295,734,000), 3,539,227 sq mi (9,166,598 sq km), North America. The United States is the world's third largest country in population and the fourth largest country in area. and Europe. Mr. McBrayer joins AxioMed from Xylos Corporation, a biomaterials company, where he served as Chairman and 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. . Prior to joining Xylos, Mr. McBrayer served as President and CEO of Exogen, Inc., a company focused on the non-invasive treatment of musculoskeletal musculoskeletal /mus·cu·lo·skel·e·tal/ (-skel´e-t'l) pertaining to or comprising the skeleton and muscles. mus·cu·lo·skel·e·tal adj. Relating to or involving the muscles and the skeleton. injury and disease, which was acquired by Smith & Nephew, Inc. in 1999. Previously, Mr. McBrayer was President and CEO of Osteotech, Inc., a worldwide leader in tissue technology. In each of these companies he was responsible for a number of private placements and in the later two companies' public offerings. Prior to joining Osteotech, Mr. McBrayer held positions of increasing responsibility for Johnson & Johnson, Inc. Jim Kuras, AxioMed's Co-founder and Chief Operating Officer Chief Operating Officer (COO) The officer of a firm responsible for day-to-day management, usually the president or an executive vice-president. stated, "The team is delighted to have Pat join us at this important stage of our development. He has a broad background in orthopedics including devices, biologics, biomaterials and non-invasive bone repair. One of his patents pioneered biologic repair of the spine thus he fits well with our company of inventors and thought leaders." AxioMed is financed by a consortium of leading venture capital investors. Pete McNerney, Managing Partner at Thomas, McNerney & Partners, stated, "We selected Pat because he complements our strong management team at AxioMed. In addition to his product development and introduction accomplishments, he has experience in raising private funds and has taken two orthopedic companies public. We intend to build a significant spine company with this fine team." |
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