Ascendx Spine™ , with anwerina AG, Expands Distribution Network to Austria, Germany and Switzerland

Ascendx Spine™ , with anwerina AG, Expands Distribution Network to Austria, Germany and Switzerland

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WINTER PARK, Fla., Mar 28, 2012 (BUSINESS WIRE) — –Julian M. Mackenzie, CEO

Ascendx Spine™ ( www.ascendxspine.com ), which recently received ISO 13485 Certification and CE marking approval for its Ascendx VCF Repair System and its Acu-Cut Vertebral Augmentation System to treat vertebral compression fractures (VCF), today announced an agreement with Switzerland-based anwerina AG to distribute the Ascendx Spine products in Austria, Germany and Switzerland.

Ascendx Spine has previously announced a distributor partnership in France.

“We are very pleased to partner with anwerina AG in Austria, Germany and Switzerland to spearhead market validation of our Ascendx VCF Repair System and the Acu-Cut Vertebral Augmentation System, which are designed for the treatment of spinal fractures by spine surgeons and interventional radiologists,” said Julian M. Mackenzie, CEO of Ascendx Spine™.

“We are very excited about the partnership with Ascendx Spine in our key markets offering patients with vertebral compression factors a uniquely improved proprietary balloon kyphoplasty method designed to secure superior clinical outcomes. With the Ascendx VCF Repair System and the Acu-Cut Vertebral Augmentation System, anwerina’s sales-and-marketing team will follow the previous market successes in the field of VCF treatments between 2004 and 2009,” added Dr. Christoph C. Karl, Chairman and CEO of anwerina AG.

About anwerina AG

Based in Kreuzlingen, Switzerland, with its larger subsidiary anwerina Deutschland GmbH based in Mannheim, Germany, anwerina is a pharmaceutical and medical device company focused on the development and commercialization of innovative drugs and medical devices for the surgical treatment of traumatic conditions of the musculoskeletal system.

About Ascendx Spine™

Based in Winter Park, Florida, Ascendx Spine™ is a medical device company focused on the development and commercialization of innovative orthopedic devices for the spine and trauma markets. Its initial focus is the treatment of a vertebral compression fracture (VCF). A VCF forces a vertebra to collapse and the spinal column above it to assume an abnormal forward curve, resulting in considerable back pain and a hunchbacked appearance.

CAUTION: The Ascendx VCF Repair System is not available for sale in the United States.

SOURCE: Ascendx Spine

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