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News Breaks
March 10, 2014
07:30 EDTBONEBacterin secures additional OrbiMed financing
Bacterin International Holdings announced the closing of an additional $4M financing from OrbiMed. The additional $4M was provided on the same terms as the $20M term loan the company received in August of 2012. In conjunction with the financing, Bacterin agreed to issue 1.5 million shares of common stock to an affiliate of OrbiMed. The proceeds will be used by the company for working capital and general corporate purposes.
News For BONE From The Last 14 Days
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March 17, 2015
16:39 EDTBONEBacterin sees FY15 revenue $40M-$42M, consensus $35.18M
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16:37 EDTBONEBacterin reports Q4 EPS (49c), one estimate (35c)
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March 16, 2015
07:33 EDTBONEBacterin announces contract extension with Novation
Bacterin International Holdings announced that it has extended its contract with Novation for an additional year. The extension will allow Bacterin to continue to supply Novation members with OsteoSponge, OsteoSelect DBM Putty, and other proprietary Bacterin allografts. Novation develops and manages competitive contracts with more than 700 suppliers. As a biologic supplier, Bacterin is one of only three companies with a contract for demineralized bone matrix technologies and one of four allograft suppliers. This gives Bacterin a competitive advantage in comparison to many biologic providers that do not have an agreement with Novation. Since entering into a contract in 2012, Bacterin has worked closely with Novation in several areas including helping to drive contract utilization with its members, adding value for the facility and their patients, and helping its members recognize savings without compromising safety or quality. In 2014, approximately 25% of Bacterin's revenues were generated by Novation members.

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