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PRESS RELEASES
Contacts:
Anthony Viscogliosi, Small Bone Innovations,
Inc. (212) 583-9700 ext. 100
Nick Kilsby, Creative Partners, (203) 705-9202
SMALL BONE INNOVATIONS INTRODUCES NEW DISTAL RADIUS PLATING SYSTEM TO
REPAIR COMPLEX FRACTURES
New York, NY: September 24, 2007
-Small Bone Innovations, Inc. (SBi), a single-source provider of products,
technology and education for the small bone and joint sector, has introduced
its PRECISE SD™ Volar Distal Radius Locking Plate system to augment
its Wrist Management portfolio.
The PRECISE SD plate geometry is based on computer analysis of CT data
generated from a broad series of distal radii in the Hamann Todd Osteological
Collection at the Cleveland Museum of Natural History. The result is
an anatomic locking plate that provides optimized fit and improved articular
support over a broad range of anatomic variations. The plate’s
poly axial locking screw technology is a patented, low profile design
with a proven clinical track record.
Anthony G. Viscogliosi, Chairman & CEO of SBi, said: “Fracture
of the distal radius is the most pervasive injury requiring treatment
by hand surgeons, with more than 600,000 instances annually in the US.”
“In the course of developing a wrist treatment algorithm, surgeons
told us they needed a fixation system able to achieve a lower profile
and more precise fit where the degree of bone fragmentation is unusually
complex such as in the estimated 250,000 older patients with symptoms
of osteoporosis who annually fall and suffer a fractured wrist,”
he added.
The PRECISE SD’s low profile, polyaxial design offers up to +/-
15 degrees of variable angle opportunity in locking or non-locking configurations
while a Type II surface coating on plates and screws increases strength,
reduces the risk of cold welding between the plate and screws, and reduces
tissue adhesion.
Jesse B. Jupiter, MD, Orthopaedic Hand Service, Massachusetts General
Hospital, Boston, MA noted that: “Technological advances in three-dimensional
imaging present a more precise picture of wrist fractures and that has
led inevitably to demand for screw and plating systems capable of providing
a correspondingly precise fit – as is the case with the PRECISE
SD design.”
The advanced locking technology found in the PRECISE SD Plate allows
a surgeon to insert polyaxial locking or non-locking screws and pegs
at variable angles to the plate to address the location and geometry
of a fracture or osteotomy.
“Because the screws and pegs are slightly harder than the plates,
the thread in the locking screw reshapes the softer titanium of the
PRECISE SD plate, creating a secure construct between the head of the
screw and the plate,” Dr. Jupiter added.
The introduction of the PRECISE SD system extends SBi’s wrist
management portfolio following its successful rollout of the RE-MOTION™
Total Wrist Implant and STABILITY Sigmoid Notch Total DRUJ System™
- incorporating Precise Guidance Technology™ that allow surgeons
to perform wrist arthroplasty and reconstruction procedures with consistent
and predictable outcomes.
The STABILITY System is currently the only total distal radial-ulnar
joint (DRUJ) replacement commercially available in the U.S. It replaces
the sigmoid notch and ulna head in a conservative, bone-sparing procedure
that restores the natural biomechanics of the wrist.
“The availability of these completely modular systems enables
surgeons to manage the varying degrees of severity in the estimated
3.9 million wrist injuries each year. Also, the affects on small bones
and joints of degenerative diseases such as osteoarthritis and osteoporosis
may be treated at every stage of progress with the possibility of restoring
near natural motion and function without undue sacrifice of tissue or
frequent revisions,” Mr. Viscogliosi noted.
According to a University of California, San Diego Medical Center study,
one in twelve women will suffer a wrist fracture in their lifetime.
Also, in the same study, the wrist is the body part most frequently
broken among patients under the age of 65.
* * * * * * * * * * * * *
About Small Bone Innovations, Inc.
Small Bone Innovations, Inc. (SBi) was founded in 2004 by Viscogliosi
Bros., LLC, (VB), the New York-based merchant banking firm that specializes
in the musculoskeletal/orthopedic sector. VB created SBi as the first
company to focus purely on small bone & joint science. By integrating
established companies and professionals in the field, SBi can offer
a broad, clinically proven portfolio of products and technologies to
treat trauma and diseases in small bones & joints. Today, SBi has
more than 140 employees at facilities in New York, NY, Morrisville,
PA and Minneapolis, MN.
SBi closed on the sale of $42.2 million of its securities in December
2005. At the time, based on data provided by Venture Source, this was
the largest venture capital investment ever recorded in the field of
orthopedic devices.
SBi was a 2006 recipient of Red Herring magazine's annual “"Red
Herring 100 North America" award, recognized as one of the nation's
leading technology companies and the only orthopedic device company
selected among an initial entry of more than one thousand firms.
Additionally, SBi's Artelon CMC-I Spacer, developed for patients with
thumb base osteoarthritis, was featured on the cover and highlighted
within Medical Design Technology magazine's “"Year of Innovation"
issue as one of the most fascinating technologies influencing the medical
device industry.
Medical Device & Diagnostic Industry Magazine named SBi to their
list of “"50 Companies to Watch" in 2006, noting, "Small
Bone Innovations is going against the grain in its determination to
become a market leader in the small bone & joint device sector."
For more information on SBi, please visit: www.totalsmallbone.com
About Viscogliosi Bros., LLC:
Established by Marc R. Viscogliosi, John J. Viscogliosi and Anthony
G. Viscogliosi in New York City in 1999, Viscogliosi Bros., LLC (VB)
was the first venture capital/private equity and merchant banking firm
dedicated to the musculoskeletal/orthopedics sector of the health care
industry.
Today, VB is a leading independent firm with a mission to create, build
and finance companies founded on innovations developed by surgeons and
uniquely focused on "life changing" musculoskeletal/orthopedic
technologies. VB has worldwide surgeon, industry and trade relationships
and significant financial expertise in the musculoskeletal/orthopedic
sector.
As principals of VB, the Viscogliosi brothers have a combined total
of nearly half a century of experience analyzing and investing in the
musculoskeletal/orthopedics sector, directing literally billions of
dollars through the orthopedics industry. They have pioneered innovative
financial, strategic and management initiatives for nearly 150 companies
in the sector, from start-up, seed and development stage all the way
to exit, while helping thousands of people lead better lives through
the orthopedic and spinal products marketed and sold by the companies
they have assisted in developing and financing.
For more information on VB, go to: www.vbllc.com
Forward-looking statements
This press release may contain forward-looking statements as defined
in the U.S. Private Securities Litigation Reform Act of 1995. Readers
are cautioned not to place undue reliance on these forward-looking statements.
Actual results may differ materially from those indicated by these forward-looking
statements as a result of risks and uncertainties impacting the Company's
business including increased competition; the ability of the Company
to expand its operations and to attract and retain qualified professionals;
technological obsolescence; general economic conditions; and other risks.
Copyright © Small Bone Innovations, Inc.,
2005-2006.
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