MALVERN, Pa.--(BUSINESS WIRE)--Orthovita, Inc. (NASDAQ:VITA), a spine and orthopedic biosurgery company, reported financial results for the three and nine months ended September 30, 2007. Product sales for the three months ended September 30, 2007 increased 31% to $14.5 million as compared to $11.0 million for the same period in 2006. Product sales for the nine months ended September 30, 2007 increased 29% to $42.5 million, as compared to $33.0 million for the same period in 2006. Excluding sales of our VITOMATRIX™ dental scaffold, which is not sold by our sales and distribution channel, and our former ENDOSKELETON product, product sales for the three and nine month periods ended September 30, 2007 increased 31% and 29%, respectively, as compared to the same periods in 2006. See “Non-GAAP Disclosures and Reconciliation” below for a detailed reconciliation between the non-GAAP and GAAP reported sales results.
