Exactech (EXAC) Extends Knee Development License with Hospital for Special Surgery
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Exactech, Inc. (Nasdaq: EXAC) announced that it has extended its relationship with Hospital for Special Surgery, New York, NY, to further advance implant designs for total knee replacement surgery. Exactech plans to introduce a new knee implant as an evolution of its flagship Optetrak(R) brand, as a result of this continued collaboration. Limited release of the new knee is expected in the second half of 2009.
Exactech and Hospital for Special Surgery began collaborating on knee implant development in 1992, which culminated in Exactech's licensure of Hospital for Special Surgery technologies. The resulting Optetrak comprehensive knee system has been marketed by Exactech since 1995 and represents approximately 45 percent of the company's sales. For a multitude of patients in more than 30 countries around the world, Optetrak has demonstrated excellent long-term clinical results.
Exactech develops and markets orthopaedic implant devices, related surgical instruments and biologic materials and services to hospitals and physicians.
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