A Medical Device Daily
RTI Biologics (Alachua, Florida) has signed an agreement to provide spinal allograft implants to Alphatec Spine (Carlsbad, California). Under the agreement, which has a three-year term with the option to renew, RTI will process allograft implants for use in spine made from assembled cortical allograft.
“We are pleased to work with Alphatec Spine to deliver sterile spinal implants to surgeons,“ said Brian Hutchison, RTI's chairman/CEO. “Through our agreement, we will be able to help even more patients with biologic solutions in spine.“
Alphatec Spine is a medical device company that makes products for the surgical treatment of spine disorders, primarily focused on the aging spine.
In other agreements/contracts, Neoprobe (Dublin, Ohio) has reached an agreement with Platinum Montaur Life Sciences and its affiliate Platinum Partners Value Arbitrage Fund regarding the nomination of Neoprobe directors and other matters related to Neoprobe's 2011 Annual Meeting.
Neoprobe and Platinum have agreed to appoint Peter Drake, PhD and Jess Emery Jones, MD to fill two current board vacancies with terms expiring at the 2012 annual meeting of stockholders. The company also agreed to nominate Drs. Drake and Jones for election as directors of the company for terms expiring at the company's 2014 Annual Meeting.
“We are pleased with the swift and collaborative conclusion we have achieved and the positive overall outcome,“ said Carl Aschinger, Jr., chairman of Neoprobe. “Reaching agreement with Platinum is an important step forward for the Company and we are confident that Drs. Drake, Jones and Pykett will add value and different perspectives to the Board of Directors as we continue to build Neoprobe into a strong radiopharmaceutical enterprise.“
Drake is the founder and general partner of Longevity Growth Partners, a private equity firm focusing on the nutraceutical industry. Jones currently serves as a business development and strategic financing consultant to Cornova.
Neoprobe makes the neoprobe GDS line of gamma detection systems that are widely used by cancer surgeons.