Tutogen Medical and Coloplast Corporation Enter Into International Distribution Agreement
09 Mai 2007 - 6:58PM
PR Newswire (US)
ALACHUA, Fla., May 9 /PRNewswire-FirstCall/ -- Tutogen Medical,
Inc. (AMEX:TTG), announced today that it has entered into a new
international distribution agreement for its allograft and
Tutoplast Bovine Pericardium tissues for urological procedures with
Coloplast Corporation. The agreement replaces the current
distribution agreement where Coloplast has been the exclusive
distributor of Tutogen allograft products for urological procedures
in the United States since acquiring the Mentor Urology business in
June 2006. Guy Mayer, President and Chief Executive Officer of
Tutogen Medical, commented, "We are very pleased to expand our
distribution relationship with Coloplast. They are a highly
regarded market leader both in the U.S. and internationally. We
firmly believe that the international urology market offers
significant opportunities for our leading-edge sterile grafts and
we could not have a better distribution partner than Coloplast. We
look forward to developing these new opportunities together." Mr.
Mayer continued, "In a related matter, we expect that our Tutoplast
Bovine Pericardium will soon be available in the U.S. The tissues
have been very well received in Europe over the past few years and
we expect that to be the case in the U.S. as well. Our tissues will
be the only new xenograft product to be backed by several years of
clinical experience and we believe that this provides us an
important competitive advantage." About Tutogen Medical, Inc.
Tutogen Medical, Inc. manufactures sterile biological implant
products made from human (allograft) and animal (xenograft) tissue.
Tutogen utilizes its proprietary Tutoplast Process(R) of tissue
preservation and viral inactivation to manufacture and deliver
sterile bio-implants used in spinal/trauma, urology, dental,
ophthalmology, and general surgery procedures. The Company's
Tutoplast(R) products are sold and distributed worldwide by Zimmer
Spine and Zimmer Dental, subsidiaries of Zimmer Holdings, Inc.,
Davol Inc. subsidiary of C.R. Bard Inc., the Mentor Corporation
(Mentor), Coloplast Corp., IOP, Inc. and through independent
distributors internationally. For more information, visit the
Company's Web site at http://www.tutogen.com/. Forward-Looking
Statement Disclaimer: This press release contains "forward-looking
statements" within the meaning of the Private Securities Litigation
Reform Act of 1995. Forward-looking statements typically are
identified by use of terms such as "may," "will," "should," "plan,"
"expect," "anticipate," "estimate," and similar words, although
some forward-looking statements are expressed differently.
Forward-looking statements are based on management's current
expectations and are subject to certain risks and uncertainties
that could cause actual results to differ materially from those set
forth or implied by forward-looking statements. These and other
risks are identified in the Company's filings with the Securities
and Exchange Commission, including the Company's Annual Report on
Form 10-K for the fiscal year ended September 30, 2006. All
information in this press release is as of the date hereof, and the
Company undertakes no duty to update this information unless
required by law. Contacts: L. Robert Johnston, Jr. Lytham Partners,
LLC Chief Financial Officer Joe Diaz Tutogen Medical, Inc. Joe
Dorame 386-462-0402 Robert Blum 602-889-9700 DATASOURCE: Tutogen
Medical, Inc. CONTACT: L. Robert Johnston, Jr., Chief Financial
Officer of Tutogen Medical, Inc., +1-386-462-0402, ; or Joe Diaz,
or Joe Dorame, or Robert Blum, all of Lytham Partners, LLC,
+1-602-889-9700, for Tutogen Medical, Inc. Web site:
http://www.tutogen.com/
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