Bone Solutions Inc. appoints Stephen A. Schendel, MD, DDS, Professor of Plastic and Reconstructive Surgery at Stanford University Medical Center, as its Chief Medical Officer."Dr. Schendel is one of the most recognized craniofacial craniofacial /cra·nio·fa·cial/ (kra?ne-o-fa´sh'l) pertaining to the cranium and the face. cra·ni·o·fa·cial adj. Of or involving both the cranium and the face. and maxillofacial surgeons in the world." John Albers, 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. Bone Solutions Inc. DALLAS -- Bone Solutions Inc. (BSI BSI - British Standards Institute ) announced today that its board of directors has elected Stephen A. Schendel, M.D., D.D.S D.S Drainage Structure (flood protection) ., Professor and former Chief of the Division of Plastic and Reconstructive Surgery at Stanford University Medical Center Stanford University Medical Center (Stanford Hospital & Clinics) is one of four hospitals affiliated with Stanford University and Stanford University School of Medicine, along with the Lucile Packard Children's Hospital, the Veteran's Administration Hospital in Palo Alto, and Santa , as BSI's first Chief Medical Officer (CMO CMO See: Collateralized mortgage obligation CMO See collateralized mortgage obligation (CMO). ), effective immediately. "This event represents a significant milestone for our Company, considering Dr. Schendel's status as one of the most recognized craniofacial and maxillofacial surgeons in the world," said John Albers, Chief Executive Officer of Bone Solutions Inc. "Certainly, the timing of Dr. Schendel's election as BSI's Chief Medical Officer is propitious," added Mr. Albers. "Our BioHesive technology is well-positioned as a aplatform' for new approaches to orthopedic surgery repair. We have accelerated its testing for FDA FDA abbr. Food and Drug Administration FDA, n.pr See Food and Drug Administration. FDA, n.pr the abbreviation for the Food and Drug Administration. clearanceainitially as a bone filler, under existing protocols for bone fillers by the FDA; and thereafter as a cement, a dental cement, and anchor. Upon regulatory approval, we will commence sales efforts in human markets, and we are presently discussing a distribution arrangement for global deployment in veterinary markets. We are in discussions with companies that constitute more than 90 percent of the orthopedics industry worldwide to explore the opportunity for strategic alliances. These initially focused target verticals include all extremities, maxillofacial/cranial, periodontics/dental, shoulder- and knee-related surgical procedures, and current testing for spinal applications and musculoskeletal transplant usesawhich is why we are extremely pleased that Dr. Schendel has joined us." Dr. Schendel has been a full-time faculty member of the Division of Plastic and Reconstructive Surgery at Stanford University Medical School since 1989. He is a Professor and former Chief of the Division of Plastic and Reconstructive Surgery at Stanford University Medical Center. He is also former Chief of Plastic Surgery at Lucille Salter Packard Children's Hospital and Chief of Surgery. He is currently Director of the Craniofacial Surgery Program at this hospital. He is board-certified in Oral and Maxillofacial Surgery Oral and Maxillofacial Surgery is surgery to correct a wide spectrum of diseases, injuries and defects in the head, neck, face, jaws and the hard and soft tissues of the oral and maxillofacial region. It is a recognized international surgical specialty.
About Bone Solutions Inc. Bone Solutions Inc. (aBSI') is establishing its BioHesive[TM] platform as the aone stop bone-, tendon- and ligament-injectable, biodegradable adhesive technology' for surgeries at hospitals, clinics and other private surgical centers within the orthopedics industry. The Company believes it is revolutionizing a new solution for orthopedic surgeons for both human and veterinary uses with a magnesium-based compound that can attachafor the first time in orthopedic medical historyabone to bone, as well as ligaments and tendons to bone. The first application of BioHesive[TM], called OsteoCrete[TM] for human applications, is expected to fill a current void in medical procedures by improving upon all existing filler/cement devices with its bioadhesive, bioabsorbable qualities to more effectively repair, at lower cost, most non-load-bearing injuriesaa potential global market opportunity in excess of $500 million annually. Safe-Harbor Statement This press release may contain forward-looking statements, including aforward-looking statements' within the meaning of the United States 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. These forward-looking statements are based upon current expectations and assumptions regarding anticipated developments and other factors affecting the Company. They are not historical facts, nor are they guarantees of future performance. Because these forward-looking statements involve risks and uncertainties, there are important factors that could cause actual results to differ materially from those expressed or implied by these forward-looking statements. |
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