Press
Releases
Small Bone
Innovations, Inc. Increases Donation to Limb Salvage Centers
of Devices from $500,000 to $1.2 Million
- Strengthening of limb salvage programs in key areas of
need for the treatment of diabetic patients
- Program helps indigent diabetic patients in New York,
Georgia and Iowa
NEW
YORK, NY: March 6, 2009: Small
Bone Innovations, Inc. (SBi), a single-source provider of
innovation, products, technology and education for the small
bone and joint sector, announced that it has increased the
number of lower limb external fixation components donated
to its Diabetes Indigent Care Program.
SBi hopes to encourage broader private sector help to surgeons
treating diabetics who suffer from Charcot foot disease and
ulceration associated with diabetes. To accomplish this goal,
SBi has donated a variety of fixation devices, valued at approximately
$1.2 million, during the past year to regional limb salvage
programs serving indigent patients in the states of New York,
Georgia, and Iowa.
The donation program is part of a campaign first announced
by SBi in Dec ’07 by Anthony G. Viscogliosi, SBi’s
Chairman & CEO during a speech at the New York College
of Podiatric Medicine annual convocation. SBi hopes to encourage
broader private sector help for indigent limb salvage throughout
the US in an effort to aid diabetics who suffer from Charcot
Foot Disease – a common complaint that can lead to lower
limb amputation unless treated in its earlier stages.
SBi provided external fixation devices to the three limb salvage
facilities to support bone and tissue re-growth in post-operative
limbs.
“More than 75,000 non-traumatic amputations are being
performed annually in this country, of which 85 percent may
be preventable either through earlier diagnosis of diabetes-related
diseases of the lower limb, or late-stage salvage using fixation
technology of the type donated by SBi,” Mr.Viscogliosi
said.
Scott Ludecker, Vice President of SBi’s newly created
Worldwide Diabetes & Limb Preservation business unit,
who initiated the SBi donation, said: "SBi is trying
to help both patients and physicians when it comes to the
issue of amputation vs. salvage, as there is often the potential
of saving a limb, if the knowledge and equipment are readily
available."
“In limb salvage or lengthening to correct deformity,
the more training and the more hardware we receive –
the more patients we can treat. It’s that simple,”
said David Gitlin, DPM* and Instructor in Surgical Services
at the New York College of Podiatric Medicine.
“Patients afflicted with Charcot Foot Disease and other
musculoskeletal conditions resulting from diabetes can benefit,
as demonstrated in these clinics, from our program to provide
hardware and support services to advance the cause of limb
salvage technology,” Mr. Viscogliosi added.
* The surgeons quoted in this announcement provide consulting
services to SBi.
About Small Bone Innovations, Inc.
Small Bone Innovations, Inc. (SBi) was founded in 2004 by
Viscogliosi Brothers, LLC, (VB), a New York-based merchant
banking firm that specializes in the musculoskeletal/orthopedics
sector. VB created SBi as the first company to focus purely
on small bones & joints. By integrating established companies
and professionals in the field, SBi offers a broad, clinically
proven portfolio of products and technologies to treat trauma
and diseases in small bones & joints. Today, SBi has more
than 130 employees at facilities in New York, NY, Morrisville,
PA, Bourg-en-Bresse, France and Donaueschingen, Germany, among
other locations worldwide.
For more information on SBi, please visit: www.totalsmallbone.com
About Viscogliosi Bros., LLC
Established by Marc R. Viscogliosi, John J. Viscogliosi and
Anthony G. Viscogliosi in New York City in 1999, Viscogliosi
Bros., LLC (VB) was the first venture capital/private equity
and merchant banking firm dedicated exclusively to the musculoskeletal/orthopedics
sector of the health care industry. As principals of VB, the
Viscogliosi brothers have a combined total of nearly half
a century of experience analyzing and investing in the musculoskeletal/orthopedics
sector.
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. VB has worldwide surgeon, industry and trade
relationships, and significant financial expertise in the
musculoskeletal/orthopedic sector. The Viscogliosi brothers
have pioneered more than 170 financial, strategic and management
initiatives for companies in the musculoskeletal/orthopedic
sector, from start-up, seed and development stage all the
way to exit. These initiatives have helped people live better
lives through the orthopedic and spinal products developed,
marketed and sold by the companies VB has assisted in developing
and financing.
For more information about VB, please visit: www.vbllc.com
Forward-looking statements
This press release contains forward-looking statements as
defined in the U.S. Private Securities Litigation Reform Act
of 1995. Readers are cautioned not to place undue reliance
on these forward-looking statements. Actual results may differ
materially from those indicated by these forward-looking statements
as a result of risks and uncertainties impacting SBi’s
business including increased competition; the ability of SBi
to expand its operations and to attract and retain qualified
professionals; technological obsolescence; general economic
conditions; and other risks.
|