Lynch, DMD, DMSc, Chairman and Chief Executive Officer of BMPI
has entered into an exclusive world-wide marketing and distribution partnership with Luitpold Pharmaceuticals, Inc.
The fact that the PMA was accepted and the panel meeting scheduled so promptly speaks to the hard work and talent of the staff at BMPI
in conducting the clinical trials and in preparing this filing, and the diligence of the FDA in processing and reviewing the application in a timely fashion.
Bullock's strength in the finance area and his ties with the investment community will be extremely valuable assets to BMPI
as we continue to grow the company.
The goodwill in question was created from the acquisition of BMPI
in 2000 in which we recorded $511,000 in goodwill.
has recently completed a 180 patient pivotal clinical trial with GEM 21S(R) for the treatment of periodontal disease.
is a private company focused on tissue engineering and the development, commercialization and marketing of protein therapeutics for the healing and restoration of bone and other tissues.
Having demonstrated its ability to rapidly advance rhPDGF into clinical studies for the treatment of periodontal diseases, we feel BMPI
is well positioned to continue development of PDGF for other hard tissue defects and therapies," commented Bruce L.
As part of the licensing agreement, BMPI
will pay to ZymoGenetics an initial license fee along with milestone and royalty payments.
Orthovita will manufacture and supply VITOMATRIX, a resorbable beta-tricalcium phosphate scaffold, to BMPI
for its clinical and commercial use in conjunction with rhPDGF.
develops products based on the principals of tissue engineering.
Developed by Martin Dyck, Vice President of Operations at Hydromer, and President of the BMPI
subsidiary, it was approved for sale by the FDA in 1991.