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In a release on October 22, the Company noted that for the first nine months of 2009, product sales increased 22 percent to $68.5 million compared to $56.1 million for the first nine months of 2008.
Results for the three and nine months ended September 30, include $400,000 from the sale of Cortoss, the Company's novel synthetic biomaterial that was cleared by the FDA in June 2009 for the treatment of vertebral compression fractures. Orthovita initiated a limited, controlled launch of Cortoss in July 2009 using a small group of its highly trained direct sales representatives and broadened the launch to its entire sales force for the fourth quarter of 2009.
The Company plans to release complete financial results for the third quarter of 2009 on November 4.
((Comments on this story may be sent to health@closeupmedia.com))
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