CARLSBAD, Calif., March 29, 2007 (PRIME NEWSWIRE) -- Alphatec Holdings, Inc. (Nasdaq:ATEC), a leading medical device company focused on the design, development, manufacturing and marketing of products for the surgical treatment of spine disorders, announced today that its NOVEL(r) family of titanium vertebral body replacement devices was approved for use in Japan by the Japanese Ministry of Health, Labor and Welfare. Alphatec's NOVEL(r) titanium product family addresses the surgical need to accommodate varying patient anatomies and surgical approaches by offering the following characteristics:
-- Unique shapes that allow for multiple approaches, each with
multiple footprint options;
-- Significant area for bone graft;
-- Multiple lordotic angles;
-- Instrumentation tailored to each implant option;
-- Patented tooth pattern to prevent migration and add stability;
-- Large contact area to resist subsidence; and
-- Color coding by size for easy identification.
"The approval of our NOVEL(r) titanium product family in Japan enhances our ability to deliver complete interbody spinal solutions to our customers in another fast growing market," stated M. Ross Simmonds, Senior Vice President and Chief Operating Officer. Simmonds added, "This accomplishment further demonstrates our commitment to providing complete product solutions targeted at serving the needs of the spinal fusion marketplace. Alphatec will continue to move aggressively to expand its product portfolio to include both new technologies and, importantly, many product alternatives that meet the diverse needs of the surgeon community."
About Alphatec
Alphatec is a medical device company focused on the design, development, manufacturing and marketing of products for the surgical treatment of spine disorders. Alphatec's principal product offerings are primarily focused on the U.S. spine fusion market, which is estimated to approach $4 billion in 2007, through its wholly owned subsidiary, Alphatec Spine, Inc., and include a variety of spinal implant products and systems comprised of components such as spine screws, spinal spacers, and plates that offer multiple solutions to address patients' needs. In addition to Alphatec's U.S. presence, it also participates in the Japanese spine fusion and orthopedic trauma markets through its subsidiary, Alphatec Pacific, Inc. Alphatec's mission is to be a values based leader in the spinal device market by providing unmatched service to and taking scientific direction from its surgeon customers. Alphatec does so through its unique in-house manufacturing facility in Carlsbad, California that allows it to respond quickly to surgeon needs and to customize innovative products needed for spine fusion surgery.
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Forward Looking Statements
This press release may contain forward-looking statements that involve risks and uncertainty. Such statements are based on management's current expectations and are subject to a number of risks and uncertainties that could cause actual results to differ materially from those described in the forward-looking statements. Alphatec cautions investors that there can be no assurance that actual results or business conditions will not differ materially from those projected or suggested in such forward-looking statements as a result of various factors, including, but not limited to, the following: Alphatec's ability to maintain its level of previously reported sales growth, Alphatec's ability to develop and expand its spine fusion business in the United States and Japan, Alphatec's ability to enter and succeed in the motion preservation market via the Scient'x license or otherwise, Alphatec's ability to expand and maintain a successful sales and marketing organization, continuation of favorable third party payor reimbursement for procedures performed using our products, unanticipated expenses or liabilities or other adverse events affecting cash flow or Alphatec's ability to achieve profitability, uncertainty of additional funding, uncertainty of success in developing any new products, failure to successfully introduce and develop new products, including products related to license agreements, failure to obtain FDA clearance or approval for particular devices, Alphatec's ability to compete with other competing products and with emerging new technologies within and outside of spinal fusion, product liability exposure, patent infringement claims and claims related to our intellectual property. Please refer to the risks detailed in Alphatec's Form S-1 on file with the SEC, as well as the risks detailed from time to time in Alphatec's SEC reports, including quarterly reports on Form 10-Q, reports on Form 8-K and annual reports on Form 10-K. 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, unless required by law.