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Thursday, March 28, 2024

CONMED Corporation Partners With the Musculoskeletal Transplant Foundation for Sports Medicine; Expects to Be Accretive to 2012 Earnings by 0.15 – $0.18 per Share

Courtesy of Benzinga.

CONMED Corporation (NASDAQ: CNMD) and the Musculoskeletal Transplant Foundation , the world’s largest tissue bank, have announced that CONMED’s subsidiary, CONMED Linvatec, will serve as the exclusive world-wide marketing representative for MTF’s sports medicine allograft tissues. Additionally, CONMED Linvatec will assume responsibility for the world-wide distribution of MTF’s Cascade Platelet-Rich Plasma (PRP) product, which uses a patient’s own blood components to aid in the healing process.

Sports medicine arthroscopy is CONMED’s largest single product franchise, comprising approximately 40% of the Company’s sales. CONMED is an industry leader, providing a full range of surgical solutions for the repair of soft tissue injuries usually caused by sports activities. MTF is dedicated to providing quality allograft tissue through a commitment to excellence in education, research, recovery, and care for recipients, donors and their families. It is a national consortium comprised of academic medical institutions, organ procurement organizations and tissue recovery organizations. It is committed to delivering the highest level of service to donors and their families, as well as recipients and surgeons.

The long-term agreement is effective on January 3, 2012. MTF will provide CONMED a portion of its service revenue for the activities associated with educating and consulting with surgeons and medical facilities. CONMED’s portion of the service revenue is expected to be accretive to 2012 earnings by approximately $0.15 – $0.18 per share. CONMED will make certain payments to MTF over the next four years for the rights to promote MTF sports tissues, based on particular levels of tissue supply being maintained.


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