Osiris Expands its Grafix® Product Portfolio and Launches Additional Sizes
COLUMBIA, Md.--(BUSINESS WIRE)--Osiris Therapeutics, Inc. (NASDAQ: OSIR), announced the addition of several new sizes to the Grafix® product line. Grafix, a cryopreserved placental membrane, is regulated under 21 CFR 1271, part 361, Human Cells, Tissues and Cellular Tissue-Products (HCT/Ps) as a wound cover. Like other HCT/Ps, Grafix can be manufactured in multiple sizes, giving health care providers the ability to optimally match Grafix to the wound size, reduce overall treatment costs and eliminate concerns regarding product waste. Grafix is now available in five convenient sizes and is very well-positioned to remain a cost effective option within the Centers for Medicare & Medicaid Services bundled payment system.
“Our objective is to deliver the highest quality wound product to providers and their patients suffering from chronic wounds. We continue to make tremendous strides with Grafix and look forward to broadening access to more patients now that our pivotal 302 trial has been accepted for publication”
In addition to the launch of multiple new sizes, Osiris is introducing an innovative delivery system. The new design reduces thaw time, increases product maneuverability and eases the overall application of Grafix to the wound bed.
“Our objective is to deliver the highest quality wound product to providers and their patients suffering from chronic wounds. We continue to make tremendous strides with Grafix and look forward to broadening access to more patients now that our pivotal 302 trial has been accepted for publication,” said Lode Debrabandere, Ph.D., President and Chief Executive Officer of Osiris.
Grafix is a cryopreserved placental membrane for acute and chronic wounds. It is a flexible, conforming membrane that is applied directly at the site of the wound. Grafix is produced by Osiris’ BioSmartTM Intelligent Tissue Processing which maintains the integrity of the extracellular matrix, growth factors, and endogenous fibroblasts, epithelial cells and mesenchymal stem cells of the native tissue.
About Osiris Therapeutics
Osiris Therapeutics, Inc. is the leading stem cell company, having developed the world’s first approved stem cell drug, remestemcel-L for graft versus host disease. Osiris’ products include Grafix, a cryopreserved placental membrane for acute and chronic wounds, Cartiform®, a viable cartilage mesh for cartilage repair and the latest addition to Osiris’ line of products, OvationOS®, a viable bone matrix for bone repair and regeneration. Osiris is a fully integrated company with capabilities in research, development, manufacturing and distribution. Osiris has developed an extensive intellectual property portfolio to protect the company's technology and commercial interests.
Osiris, Grafix, Cartiform and OvationOS are registered trademarks of Osiris Therapeutics, Inc. More information can be found on the company's website, www.Osiris.com. (OSIR-G)
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