Press release December 11, 2008 Ortoviva Distractor now in clinical use LinkMed's portfolio company Ortoviva's new Distractor system for spinal surgery, which recently received CE approval, has successfully undergone clinical testing. This means the company has passed another important milestone on the path towards a commercial launch. The clinical tests were conducted by M.D. Svante Berg of the Stockholm Spine Center, Sweden's largest and one of Scandinavia's leading spine clinics, located at Löwenströmska Hospital in Upplands Väsby outside of Stockholm. “Our work at the clinic has gone very well. This new version of Distractor makes it much easier for a surgeon to efficiently and precisely implant an artificial disc. It's a technically ingenious solution that takes the development of spinal surgery instrumentation a significant step into the future,” says M.D. Berg. Strong demand exists for truly effective instrument solutions that can help surgeons to simply and accurately implant an artificial disc without complications. Ortoviva's Distractor is designed to perform implants using any of the disc prostheses manufactured by the leading producers. “Of course we're extremely pleased with the success of these tests and that the system works so smoothly in the clinical environment,” says Ortoviva's CEO, Stan Mikulowski. “Our hope, in the near future, is to make Distractor available to specialists who will be able to help surgeons perform consistent, high-quality frontal surgery in the lumbar region. We're working to identify an industrial partner for Ortoviva's global commercialization and these efforts are proceeding in parallel with the preparation of an FDA application for approval in the U.S. during the early part of 2009.” Ortoviva develops instruments for spinal surgery that facilitate the deployment of artificial discs. The company was founded in October 2006 by LinkMed and a group of experts in bio-materials, spinal surgery and medical devices. To see how Distractor works, go to: http://www.ortoviva.com/media/Distraktor.wmv For more information contact: Stan Mikulowski, CEO Ortoviva AB and VP Senior Venture Manager LinkMed Phone: 01146 8 50 89 39 42 Also visit www.ortoviva.com and www.linkmed.se LinkMed develops life-science companies in collaboration with innovators and other financiers. By contributing entrepreneurship and capital, LinkMed has created a portfolio of one subsidiary and eleven associated companies, four in drug development and biotechnology and seven in diagnostics and medical technology. LinkMed's role changes as its portfolio companies develop. The emphasis moves from operational to strategic and the entrepreneurship role evolves into active Board work. The company's principal owners are FastPartner, Koncentra Holding, and the founder Ingemar Lagerlöf. The LinkMed share is listed on the OMX Nordic Exchange Stockholm in the small-cap sector (ticker:LMED).
Ortoviva Distractor now in clinical use
| Source: Allenex AB