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Under the terms of the agreement, CTS will supply Osteotech with a specific number of whole donors and cortical shafts on a monthly basis based upon periodic forecast requirements and available tissue supply.
This new agreement expires in December 2019 and includes one five-year renewal term and subsequent two-year renewal terms subject to six month cancellation clauses.
Owusu-Akyaw, president and CEO of Osteotech, said: "We are excited to expand our relationship with one of the leading tissue banks in the US. CTS has a commitment to respecting the gift of life to enhance patient outcomes which is wholly in-line with Osteotech's mission to leverage our technology into life-changing biologic products."
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