SALT LAKE CITY, March 17, 2016 (GLOBE NEWSWIRE) -- Amedica Corporation (Nasdaq:AMDA), a company that develops and commercializes silicon nitride ceramics as a biomaterial platform, today announced financial results for the fourth quarter and full-year ended December 31, 2015.
“During the last half of this year, and especially the fourth quarter, we were very active in the scientific development of silicon nitride and solidifying our foundation to support sustainable growth,” said Dr. Sonny Bal, chairman and CEO of Amedica Corporation. “In addition to strengthening our balance sheet and reducing cash burn, we’ve also placed a strong emphasis on increasing sales of our core product through a growing base of independent distributors, as well as the variety of discussions and transactions we’ve achieved in our business development efforts to-date. The increased interest and adoption of silicon nitride, coupled with our improved financial position, provide us with the competitive advantage necessary to build awareness and drive excitement for our unique biomaterial.”
