Announcement
Zimmer and Tutogen Announce Agreement for International Distribution of Biological
Products
Zimmer Contacts:
(WARSAW, IN and ALACHUA, FL) September 4, 2007—Zimmer Holdings, Inc. (NYSE and SWX:
ZMH), a leader in the orthopaedics industry, and Tutogen Medical, Inc., a leading
manufacturer of sterile biological implant products made from human (allograft)
and animal (xenograft) tissue, today announced the expansion of Tutogen’s partnership
with Zimmer Dental Inc., a wholly owned subsidiary of Zimmer Holdings, Inc., into
Europe, the Middle East and Asia. Zimmer Dental currently distributes Tutogen grafts
in the United States, Canada and Latin America, under the brand name Puros®.
This enhanced distribution agreement includes both human and bovine tissues — bone
and soft tissue grafts — and provides the dentist with a complete product package
for the regenerative procedure.
According to David Dvorak, President and Chief Executive Officer of Zimmer Holdings,
Inc., Zimmer Dental’s parent company, "We look forward to leveraging the success
and experience that we have achieved in the U.S. market with Puros dental
products from Tutogen. This is an outstanding international market opportunity for
Zimmer Dental as it enables us to continue to define ourselves as an innovator in
advanced materials and in state-of-the-art oral rehabilitation technologies.”
Guy Mayer, President and Chief Executive Officer of Tutogen Medical, commented,
"Our dental products have demonstrated superior clinical results in the U.S. market.
We look forward to extending our relationship with Zimmer Dental in globalizing
this fast growing product portfolio. Working together we have a demonstrated track
record of success in developing the North American market. We believe that joint
experience provides a strong foundation to build a significant international business.”
The addressable market for Tutogen’s dental products is estimated to be approximately
$300 million annually, with the U.S. representing approximately one-half of the
total.
About Puros
According to the companies, the Puros family of bone grafting products
offers an effective and predictable clinical outcome for patients requiring bony
enhancement of the mandible and maxilla in a timely manner. All Puros products
feature easy handling, quick hydration, five-year shelf life and room temperature
storage.
About Zimmer
Founded in 1927 and headquartered in Warsaw, Indiana, Zimmer is the worldwide #1
pure-play orthopaedic leader in designing, developing, manufacturing and marketing
reconstructive and spinal implants, trauma and related orthopaedic surgical products.
Zimmer has operations in more than 24 countries around the world and sells products
in more than 100 countries. Zimmer’s 2006 sales were approximately $3.5 billion.
Zimmer is supported by the efforts of more than 7,000 employees worldwide.
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About Zimmer Dental Inc.
Zimmer Dental is a global leader in the oral rehabilitation market with a mission
to improve the lives of patients through continuous product development and leadership
in education. Zimmer Dental offers one of the most comprehensive dental implant
product lines available, including the Tapered Screw-Vent® Implant
System and Puros Allograft family, and provides professionals access to
premier education and training resources such as The Zimmer Institute.
About Tutogen Medical, Inc.
Tutogen Medical, Inc. manufactures sterile biological implant products made from
human (allograft) and animal (xenograft) tissue. Tutogen utilizes its proprietary
Tutoplast Process® of tissue preservation and viral inactivation to manufacture
and deliver sterile bio-implants used in spinal/trauma, urology, dental, ophthalmology,
and general surgery procedures. Tutogen’s Tutoplast® products are sold and distributed
worldwide by Zimmer Spine and Zimmer Dental, subsidiaries of Zimmer Holdings, Inc.,
Davol Inc. subsidiary of C.R. Bard Inc., the Mentor Corporation (Mentor), Coloplast
Corp., IOP, Inc. and through independent distributors internationally. For more
information, visit Tutogen’s web site at
http://www.tutogen.com
Zimmer Safe Harbor Statement
This press release contains forward-looking statements within the safe harbor provisions
of the Private Securities Litigation Reform Act of 1995 based on current expectations,
estimates, forecasts and projections about the orthopaedics and dental industries,
management's beliefs and assumptions made by management. Forward-looking statements
may be identified by the use of forward-looking terms such as “may,” “will,” “expects,”
“believes,” “anticipates,” “plans,” “estimates,” “projects,” “assumes,” “guides,”
“targets,” “forecasts,” and “seeks” or the negative of such terms or other variations
on such terms or comparable terminology. These statements are not guarantees of
future performance and involve risks, uncertainties and assumptions that could cause
actual outcomes and results to differ materially. These risks and uncertainties
include, but are not limited to, our ability to successfully integrate acquired
businesses, the outcome of the Department of Justice investigations announced in
March 2005 and June 2006, price and product competition, rapid technological development,
demographic changes, dependence on new product development, the mix of our products
and services, supply and prices of raw materials and products, customer demand for
our products and services, control of costs and expenses, our ability to form and
implement alliances, international growth, governmental laws and regulations affecting
our U.S. and international businesses, including tax obligations and risks, product
liability and intellectual property litigation losses, reimbursement levels from
third-party payors, general industry and market conditions and growth rates and
general domestic and international economic conditions including interest rate and
currency exchange rate fluctuations. For a further list and description of such
risks and uncertainties, see our periodic reports filed with the U.S. Securities
and Exchange Commission. We disclaim any intention or obligation to update or revise
any forward-looking statements, whether as a result of new information, future events
or otherwise, except as may be set forth in our periodic reports. Readers of this
document are cautioned not to place undue reliance on these forward-looking statements,
since, while we believe the assumptions on which the forward-looking statements
are based are reasonable, there can be no assurance that these forward-looking statements
will prove to be accurate. This cautionary statement is applicable to all forward-looking
statements contained in this document.
Tutogen Forward-Looking Statement Disclaimer
This press release contains "forward-looking statements" within the meaning of the
Private Securities Litigation Reform Act of 1995. Forward-looking statements typically
are identified by use of terms such as "may," "will," "should," "plan," "expect,"
"anticipate," "estimate," “believe” and similar words, although some forward-looking
statements are expressed differently. Forward-looking statements are based on management’s
current expectations and are subject to certain risks and uncertainties that could
cause actual results to differ materially from those set forth or implied by forward-looking
statements. These and other risks are identified in our filings with the Securities
and Exchange Commission, including our Annual Report on Form 10-K for the fiscal
year ended September 30, 2006. All information in this press release is as of the
date hereof, we undertake no duty to update this information unless required by
law.
Tutogen contacts:
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L. Robert Johnston, Jr.
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Lytham Partners, LLC
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Chief Financial Officer
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Joe Diaz
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Tutogen Medical, Inc.
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Joe Dorame
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386-462-0402
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Robert Blum
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bjohnston@tutogen.com
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602-889-9700
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