CEO Tord Lendau Resigns from Artimplant.STOCKHOLM, Sweden -- Tord Lendau resigns as 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. of private reasons. Recruitment of a new CEO has been initiated. During the last four years Artimplant (STO:ARTIB) has been transformed from a research company to a product development and marketing company. Today the company has six licensing agreements and one distribution agreement with three global partners and products available on the market, both within orthopedics and 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. . "It is time for a new challenge. I have had the opportunity to work with Artimplant during a dynamic period and am proud that Artimplant today has partners, regulatory approvals, cash, a strong development department and a stronger market position compared to when I joined in 2002." says Tord Lendau About Artimplant Artimplant is a biomaterials company focused on solutions to problems in orthopedic, odontological and reconstructive surgery reconstructive surgery n. Plastic surgery. reconstructive surgery, n surgery to rebuild a structure for functional or esthetic reasons. . 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 Stockholm Stock Exchange The Stockholm Stock Exchange (Swedish: Stockholmsbörsen) is a stock exchange located in Stockholm, Sweden. Founded in 1863 [1] it is the primary securities exchange of the Nordic Countries. , O-list. 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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