SMALL BONE INNOVATIONS INTERNATIONAL S.A.S. ENTERS INTO AN EXCLUSIVE DISTRIBUTION AGREEMENT WITH BIOMET NEDERLAND B.V.
New York, NY: November 10, 2010 – Small Bone Innovations, Inc. (SBi), a leading privately-held orthopedic company focused exclusively on technologies and treatments for the small bones & joints, announced that Small Bone Innovations International S.A.S. has entered into an exclusive three-year distribution agreement in the Netherlands with Biomet Nederland B.V., a subsidiary of Biomet, Inc., based in Dordrecht – the company’s European headquarters.
Anthony G. Viscogliosi, Chairman & CEO of SBi, said: “We are delighted to be expanding distribution of our products in the Netherlands through Biomet, a global leader in orthopedic devices. We expect this announcement, which builds on a pre-existing relationship with Biomet Nederland, to be the start of a new and exciting chapter in our partnership.”
Roland van Esch, Managing Director of Biomet Nederland, said: “We are very eager to offer SBi’s full product line in the Netherlands that both complements and supplements Biomet’s European product line.”
Mr. Viscogliosi added: “This announcement follows the distribution agreement announced in May of this year between SBi and Olympus Terumo Biomaterials Corporation, jointly owned by Olympus Corporation and Terumo Corporation, for Japan and China. These exclusive distribution agreements with leading, global medical device companies are proof of a growing worldwide interest in the small bone & joint market.”
SBi has been attracting considerable attention in both the financial and the orthopedics sector. Out of nearly 5,200 companies considered, SBi was the only orthopedics company on the list of the top 50 U.S. VC-backed companies in the Wall Street Journal article “Sizing Up Promising Young Firms” on March 9, 2010. SBi was the 7th highest ranked healthcare company in the listing and was 24th amongst all 50 companies highlighted.
SBi closed on $12 million in Series E funding from Olympus Corporation in March 2010 and earlier secured a $30mm debt facility from Fortress Investment Group to fund accelerated business expansion and refinance existing indebtedness.
Last year SBi closed on $144 million in Series D and Series C funding from a group of investors including Khazanah Nasional Berhad (the investment firm of the Government of Malaysia), the Malaysian Technology Development Corporation (MTDC), an integrated Malaysian-based venture capital company, The Family Office of Bahrain, Viscogliosi Brothers, LLC, Trevi Health Ventures, NGN Capital, 3i Group, and TGap Ventures, among others.
About Small Bone Innovations, Inc.
For more information on SBi, please visit: www.totalsmallbone.com
About Viscogliosi Bros., LLC
VB's mission is to create, build and finance companies founded on innovations developed by surgeons and uniquely focused on "life changing" musculoskeletal/orthopedic technologies. Marc, Anthony and John Viscogliosi have executed multiple financial, strategic and management transactions for companies in the musculoskeletal/orthopedic sector.