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UAT Group Subsidiary, Ossifix Orthopedics, Launching Demineralized Bone Matrix Product
UAT Group Subsidiary, Ossifix Orthopedics, Launching Demineralized Bone Matrix Product.
About this update from Umbra Applied Technologies Group, Inc.
[{"type":"text","content":"\n Tampa, FL, July 19, 2022 (GLOBE NEWSWIRE) -- Umbra Applied Technologies Group, Inc. (OTC Pink: UATG) (“UAT Group”) announced today that its subsidiary Ossifix Orthopedics has added a new product to its expanding suite of orthopedic products. Launching in August, the company projects this new product to add to its bottom line with year over increases to exceed as much as 20%. The demineralized bone matrix market is projected to reach $838.9 million USD by 2028, with 4.3% CAGR. Demineralized Bone Matrix (DBM) is often referred to as “crunch” and is made from 100% human bone tissue. Ossifix Orthopedics DBM/Crunch contains no carrier or filler additives and is engineered to be resistant to washing away or migrating from surgical site. Ossifix CEO, Mark Estrada, stated: “Our newly launched crunch contains cancellous bone fragments within the crunch to provide the osteoconductive scaffolding to promote new bone growth. Health care practitioners can choose to add fresh marrow aspirate or allograft from the patient to promote further osteogenesis. We anticipate manufacturing to trail our newly launched Javelin cortical allograft bone pin with 12%-20% growth month over which is in line with our estimation of 1,922 cases this year. This equates to about $1.1M in additional or collateral sales over the next five months”. Ossifix engineers and manufactures 100% allograft bone implants for small bone, extremities, and sports medicine markets with applications in the craniofacial, spine and oral surgery procedures. The resorbable implant technology can work synergistically in support of osteogenesis as both an osteoinductive and osteoconductive matrix. The DBM contains biologically active morphogenic proteins to promote mesenchymal cells differentiation into chondrocytes and osteoblasts. With these new proteins introduced to the surgical site, new bone formation will be promoted and accelerate healing. Based in Austin, TX, Ossifix Orthopedics™ patent pending products are manufactured from select, allograft cortical bone. Ossifixs’ unique manufacturing process and patent pending designs yield advanced orthopedic products engineered to provide secure fixation while virtually eliminating any allergic or autoimmune reactions associated with metal or plastic/polymer products. The Ossifix Ort...