First OCBM news>> OpenCell BioMed Inc. Enters Multi-Billion Dollar Medical Device Market
2008-11-06 08:30 ET - News Release
TORONTO -- (MARKET WIRE) -- 11/06/08
OpenCell BioMed Inc. (OTCBB: OCBM) -- OpenCell BioMed Inc. is a medical device designer and manufacturer specializing in innovative designs merging proprietary biomedical materials with human cell biology. The company is developing a unique line of dental implants and related products for sale worldwide. OpenCell BioMed is differentiated by its proprietary paradigm shift surface coating/material TI- FOAM(TM) used as the bone to implant interface enabling dental implant systems greater short and long term stability with a minimally invasive techniques compared to traditional dental implant systems. In 2006, the global dental implant market was valued at over $1,790 million (www.mrg.net). Studies show that 69% of adults ages 35 to 44 have lost at least one permanent tooth to an accident, gum disease, a failed root canal or tooth decay. Furthermore, by age 74, 26% of adults have lost all of their permanent teeth and with the number of Americans over 55 growing by 60% in the next 20 years and their buying power exceeding $2 trillion by 2007. (Business Communications Co., Inc., February 2005)
"We are excited to be entering the multi-billion dollar a year medical device market. We are confident that OpenCell BioMed will be able to capture a significant market share in a sector that is seeing an erosion of market share from previously dominant players. With the aging population and with a doubling in the last decade of healthcare spending OpenCell BioMed and its proprietary products are uniquely positioned for many years of unprecedented growth." (Dr. Mislav Pavelic CEO-OpenCell BioMed Inc.)
About OpenCell BioMed Inc.
OpenCell BioMed is a medical device designer and manufacturer specializing in innovative designs merging proprietary biomedical materials with human cell biology. The company is developing a unique line of dental implants and related products for sale worldwide.
About Dental Implants
Dental implants are designed as permanent replacements for missing teeth. A dental implant is a metal post that is surgically placed into the bone under the gums. The purpose of the placement into the bone is to encourage the integration of the dental implants. The bone actually grows around the dental implant, making the tooth secure. A replacement tooth is attached to the titanium post by means of a final abutment. Did you know that dental implants are frequently the best treatment option for replacing missing teeth? Rather than resting on the gum line like removable dentures, or using adjacent teeth as anchors like fixed bridges, dental implants are long-term replacements.
Cautionary Statement Regarding Forward-Looking Information: Except for statements of historical fact relating to the Corporation, certain information contained herein constitutes forward-looking statements. Forward-looking statements are frequently characterized by words such as "potential," "estimate," "plan," "expect," "project," "intend," "believe," "anticipate" and other similar words, or statements that certain events or conditions "may" or "will" occur. Forward-looking statements are based on the opinions and estimates of management at the date the statements are made, and are subject to a variety of risks and uncertainties and other factors that could cause actual events or results to differ materially from those projected in the forward-looking statements. The Corporation undertakes no obligation to update forward-looking statements if circumstances or management's estimates or opinions should change. The reader is cautioned not to place undue reliance on forward-looking statements.
For further information, contact:
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Website: www.opencellbiomed.com
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