Request for Question Clarification by
pafalafa-ga
on
30 Aug 2003 15:15 PDT
Orthoman-ga,
Thanks for getting back to me and the other commenters. Although I
can't fully answer your question, I do want to provide you with the
dribs and drabs of information that I've collected on Vertebron.
And since you asked, if you want to direct funds to a particular
researcher, you can post a $2 "question" {e.g. What's your favorite
color) to the attention of that researcher, and then add a tip after
the question is answered, in an amount you feel is warranted. Here's
an example of what I mean:
http://answers.google.com/answers/main?cmd=threadview&id=211703
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And here's the info I've accumulated on Vertebron, in no particular
order:
They registered in Deleware as a corporation on 5/28/2003 as:
VERTEBRON INC
136 ALBERT AVE
STRATFORD, CT 06614
and listed as a Secured Party:
DELL FINANCIAL SERVICES, L.P. 12234 N. IH-35 BLDG B
AUSTIN, TX 78753
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They are slated to present at a prestigious conference in October in
Boston:
Medtech Insight's "Investment In Innovation (In3): A Preview of
Early-Stage
Medical Technology Companies" conferences are advanced forums for
presentation by, and interaction with, leading clinicians and industry
decision-makers driving the development of advanced medical
technologies.
Boston, Massachusetts, The Westin Copley Place Hotel
October 30-31, 2003
http://www.medtechinsight.com/in3-09.html
[including] Vertebron, Inc. -- spinal orthopaedic implants, spanning
fusion (pedicle screws, cervical plates, interbody), and motion
preservation (artificial discs)
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They will also be exhibiting at the meeting of the North American
Spine Society:
http://www.spine.org/Forms/AM03_Prelim_prog.pdf
in San Diego, October 21-25, 2003.
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They have entered into a "strategic alliance" with a group called MTF
to further Vertebron's development:
http://quickstart.clari.net/qs_se/webnews/wed/ce/Bct-vertebron.Ry5q_DuH.html
VERTEBRON Inc. Announces a Long-Term Strategic Alliance and Minority
Equity Investment from the Musculoskeletal Transplant Foundation
-MTF-, the World's Largest AATB Accredited Bone and Tissue Bank
STRATFORD, Conn.--(BUSINESS WIRE)--June 17, 2003--VERTEBRON Inc.
(VERTEBRON) has entered into a strategic alliance with the
Musculoskeletal Transplant Foundation (MTF) for product development,
co-marketing and distribution of specified bone grafts in addition to
synthetic constructs within certain international markets.
Negotiations concerning the distribution terms for specific countries
are in process. The initial term for this strategic alliance is
anticipated to span at least 3 years, with options for renewal up to 7
years. MTF, located in Edison, NJ, is the world's largest bone and
tissue provider and is accredited by the American Association of
Tissue Banks (AATB). MTF will work with VERTEBRON to develop a series
of allograft and synthetic products which will complement VERTEBRON's
broad portfolio of spinal implants within the European and Asian
markets. In connection with this strategic alliance, MTF is also
making a minority equity investment in VERTEBRON.
VERTEBRON, located in Stratford, CT, has developed revolutionary
spinal implant technologies, including artificial discs, cervical
plates and pedicle screw systems to participate in both the over $2
billion fusion market and rapidly expanding motion preservation
market, which is expected to exceed $3 billion by 2010. Allograft bone
remains the structural material of choice because of its biologic and
integration properties with host bone. Partnering with an AATB
accredited tissue bank that maintains extremely high quality standards
is crucial to providing patients within the international community
with the best quality tissue available.
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According to an article in Private Equity Week:
http://www.ventureeconomics.com/cgi-bin/newsearch.pl?COMPOSITE=vertebron&FREETXT=&HEADLINE=&COMP=vertebron&bm=&bd=&by=2003&em=&ed=&ey=2003&NUMBERROWS=10&TYPE=&HEADLINE=&TRANSMISSIONDATEFROM=&TRANSMISSIONDATETO=&ISSUEIDFROM=&ISSUEIDTO=&PUBID=PEW&RESULTCOUNT_FLAG=ON&BODY_FLAG=OFF
"Vertebron Inc. of Stratford, Conn., has filed to raise $2.5 million
through a private offering of common stock. At the time of its SEC
filing, the company had already raised $1.5 million from 16 accredited
and 24 non-accredited investors. The minimum investment of $10,000
required on the placement can be waived. Thomas Dyevich of Princeton,
N.J., is acting as an agent on the placement for $15,000 in finders'
fees. The company, engaged in the business related to spinal implant
technology, intends to use the proceeds from the offering for salaries
and fees, purchase, rental or leasing and installation of machinery
and equipment, construction or leasing of plant buildings and
facilities, acquisition of other businesses, debt repayment and
working capital. For more information, call Hosam Afifi, president, at
203-380-9340."
[Note the CEO name and phone number mentioned here]
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Information on the SEC filing mentioned above can be found at:
http://www.sec.gov/cgi-bin/browse-edgar?action=getcompany&CIK=0001254670&owner=include
Registration of sale of securities [Regulation D and Section 4(6) of
the Securities Act of 1933], item 06
However, the form itself it not available online, but may be
obtainable from the SEC.
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Hope this is of some use to you....wish there was more!