ETEX Corporation Announces Distribution Agreement with Alphatec Spine
Published: Nov 06, 2009
CAMBRIDGE, Mass., Nov. 5 /PRNewswire/ -- ETEX Corporation, an advanced biomaterials company, announced today a distribution agreement with Alphatec Spine, of Carlsbad, California. Alphatec Spine will market and sell ETEX's proprietary bone graft substitute portfolio on a non-exclusive basis in the United States.
Initial sales and marketing efforts will be focused on EquivaBone(R), ETEX's proprietary, certified osteoinductive hybrid bone graft. EquivaBone was the first FDA cleared hard-setting osteoinductive material and is the only osteoinductive bone graft substitute that provides a continuous nanocrystalline calcium phosphate scaffold.
Brian Ennis, President and CEO of ETEX Corporation, comments: "We are quite impressed with Alphatec's team, technology platforms, and extraordinary growth in a challenging economic environment. The breadth and versatility in ETEX Corporation's rapidly expanding orthobiologic portfolio is extremely synergistic with Alphatec's market initiatives. We view this distribution agreement as the first phase of a partnership with substantial upside potential which may evolve into co-development efforts to create novel biologic / hardware solutions designed to optimize clinical outcomes in commonly occurring spinal conditions."
About ETEX Corporation
Established in 1989, ETEX Corporation develops, manufactures and commercializes calcium phosphate-based biomaterials for improved orthopedic clinical outcomes. A leader in bioresorbable bone substitute materials, ETEX focuses on expanding applications through combinations with cells, biologics, or therapeutic agents delivered in minimally invasive and easy to use systems. For more information, visit www.etexcorp.com.
CONTACT: Shane Doyle, +1-617-577-7270
Web site: http://www.etexcorp.com/