CORTOSS(R) Podium Presentation Scheduled For American Society of Spine Radiologists Meeting.Treatment of Vertebral Compression Fractures with CORTOSS for Vertebral Augmentation; Preliminary Results of Prospective Randomized Clinical Trial randomized clinical trial, n a clinical study where volunteer participants with comparable characteristics are randomly assigned to different test groups to compare the efficacy of therapies. MALVERN, Pa. -- Orthovita, Inc. (NASDAQ NASDAQ in full National Association of Securities Dealers Automated Quotations U.S. market for over-the-counter securities. Established in 1971 by the National Association of Securities Dealers (NASD), NASDAQ is an automated quotation system that reports on :VITA), a spine and biosurgery company, reported that H. Paul Hatten, Jr., M.D., from Indian River Radiology, Vero Beach, Florida Vero Beach is a city in Indian River County, Florida, USA. According to the U.S. Census Bureau's 2006 estimates, the city had a population of 19,916.[2] It is the county seat of Indian River CountyGR6. , will make a podium presentation of a scientific paper titled "Prospective Randomized ran·dom·ize tr.v. ran·dom·ized, ran·dom·iz·ing, ran·dom·iz·es To make random in arrangement, especially in order to control the variables in an experiment. Trial Of CORTOSS Versus PMMA PMMA polymethyl methacrylate. In The Treatment Of Vertebral Compression Fractures; Preliminary Results At A Single Institution" at the American Society of Spine Radiologists (ASSR ASSR abbr. Autonomous Soviet Socialist Republic ) Meeting being held in Marco Island, Florida Marco Island is a city and island in Collier County, Florida, United States. The population was 14,879 at the 2000 census. As of 2004, the population recorded by the U.S. Census Bureau is 15,828 [1]. The town was incorporated in 1998. from February 22 through February 25, 2007. The podium presentation is on Thursday, February 22, at 2:00 p.m. at the Marco Island Marriott Beach Resort and will cover part of a pivotal study being conducted under an 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. Investigational Device Exemption An Investigational Device Exemption (IDE) allows the investigational device to be used in a clinical study in order to collect safety and effectiveness data required to support a Premarket Approval (PMA) application or a Premarket Notification [510(k)] submission to Food and (IDE) to assess the safety and efficacy of CORTOSS compared to commercially available PMMA bone cements. A total of 256 patients are to be enrolled in the pivotal study with a 2:1 randomization randomization (ranˈ·d 2. MRI - Measurement Requirements and Interface. or bone scan and an informed patient consent. Exclusionary criteria include greater than 70% collapse, spinal canal compromise, neurologic deficit at the level(s) to be treated, or tumors. Post-operative CT and radiographs are being used to assess and quantify leakage. The results reported in the podium presentation are from the Indian River Radiology site in Vero Beach, Florida, which is one of the clinical sites involved in the pivotal study. At the Indian River Radiology site, 57 patients have been enrolled; 36 treated using CORTOSS and 21 treated using a PMMA bone cement. A total of 78 vertebral levels have been treated; 50 in the CORTOSS treated group and 28 in the PMMA treated group. The average age is 77 in the CORTOSS treated group and 78 in the PMMA treated group. Improvement in VAS and ODI scores was similar for both groups out to 12 months. The average volume of material injected in the CORTOSS treated group was 1.9 cc and 3.5 cc in the PMMA treated group. Leakages were observed on post-operative CT scans and found to be similar in both groups. All extravasations were asymptomatic with no cardio-pulmonary complications. "These preliminary results suggest that CORTOSS may provide similar pain relief compared to PMMA bone cement with approximately 50% less material," said Dr. Hatten. "This may be due to the distinct interdigitated fill pattern obtained with CORTOSS, which may reduce the risk of leakage and emboli emboli /em·bo·li/ (em´bo-li) plural of embolus. Emboli Plural of embolus. An embolus is something that blocks the blood flow in a blood vessel. while employing a 'start-stop' technique and precision delivery." CORTOSS has CE Certification for use in the European Union for screw augmentation and for vertebral augmentation of VCFs of the spine, which enables it to be sold in the European Union as well as in other countries that have adopted the European Union's regulatory standards. A prospective, randomized, controlled multi-center IDE study is underway in the U.S. designed to demonstrate that CORTOSS is safe and effective for the treatment of osteoporotic vertebral compression fractures. CORTOSS is not available for sale in the United States and is limited to investigational use. About the Company Orthovita is a spine and orthopedic biosurgery company with proprietary biomaterials and biologic technologies for the development and commercialization of synthetic, biologically active, tissue engineering products. We develop and market synthetic-based biomaterials products for use in spine surgery, the repair of fractures and a broad range of clinical needs in the trauma, joint reconstruction, revision and extremities markets. Our near-term commercial business is based on our VITOSS([R]) Bone Graft Substitute technology platform, which is designed to address the non-structural bone graft market by offering synthetic alternatives to the use of autograft autograft: see transplantation, medical. or cadaver-based bone material, and VITAGEL([R]) Surgical Hemostat hemostat /he·mo·stat/ (he´mo-stat) 1. a small surgical clamp for constricting blood vessels. 2. an antihemorrhagic agent. he·mo·stat n. 1. , which is an adherent matrix and an impermeable barrier to blood flow. Our longer-term U.S. clinical development program is focused on our internally developed CORTOSS([R]) Bone Augmentation Material, which is primarily designed for injections in osteoporotic spines to treat vertebral compression fractures. We work jointly with Kensey Nash Corporation to develop and commercialize synthetic-based biomaterial products, we market VITAGEL under a license granted by Angiotech Pharmaceuticals (US), Inc., and we continue to pursue similar relationships with other biomaterials companies. Disclosure Notice This press release may contain forward-looking statements regarding Orthovita's current expectations of future events that involve risks and uncertainties, including, without limitation, the development, regulatory clearance or approval, demand and market acceptance of our products, including CORTOSS; the timing of any submissions to the FDA related to CORTOSS clearance or approval; the timing of completion of enrollment of our CORTOSS U.S. pivotal study; and other aspects of our business. Such statements are based on management's current expectations and are subject to a number of substantial risks and uncertainties that could cause actual results or timeliness to differ materially from those addressed in the forward-looking statements. Factors that may cause such a difference are listed from time to time in reports filed by the Company with the U.S. Securities and Exchange Commission (SEC), including but not limited to risks described in our most recently filed Form 10-K under the caption "Risk Factors". Further information about these and other relevant risks and uncertainties may be found in Orthovita's filings with the SEC, all of which are available from the SEC as well as other sources. Orthovita undertakes no obligation to publicly update any forward-looking statements. |
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