ETEX and LifeNet Health, Inc. Enter Agreement

CAMBRIDGE, Mass., March 3 /PRNewswire/ -- ETEX Corporation, an advanced biomaterials company, announced today that it has entered into a supply agreement with LifeNet Health, Inc.

Under the agreement, LifeNet Health will provide ETEX with Demineralized Bone Matrix (DBM) powder to be mixed with ETEX's proprietary calcium phosphate to form a bone graft substitute material called EquivaBone(TM). ETEX will manufacture EquivaBone(TM) in its Cambridge facilities and market the product through its newly formed direct distribution channel.

EquivaBone(TM) combines the osteoinductive properties of DBM with the fast setting and osteoconductive properties of synthetic calcium phosphate. Unlike other DBM products on the market, EquivaBone(TM) flows and sets hard with structural integrity.

Brian Ennis, CEO of ETEX Corporation, states "ETEX is excited to offer surgeons an osteoinductive bone graft material with enhanced performance and handling characteristics. We are proud and privileged to work with LifeNet Health, Inc, one of the premier tissue banks in the country."

The EquivaBone(TM) launch follows the recent introduction of Beta-bsm(TM), an injectable bone substitute material, and Gamma-bsm(TM), a moldable putty.

Doug Wilson, Executive Vice President of LifeNet Health, states "We are pleased to announce our relationship with ETEX Corporation, and are proud to make invaluable DBM available for surgeons to help patients. We continue to be committed to saving lives and restoring health."

About ETEX Corporation

Established in 1989, ETEX Corporation develops, manufactures and commercializes calcium phosphate-based biomaterials for improved orthopedic clinical outcomes. A leader in bioresorbable bone substitute materials, ETEX focuses on expanding applications through combinations with cells, biologics, or therapeutic agents delivered in minimally invasive and easy to use systems. For more information, visit www.etexcorp.com or contact Shane Doyle, Marketing Manager, at sdoyle@etexcorp.com.

About LifeNet Health, Inc.

Founded in 1982 and headquartered in Virginia Beach, VA, LifeNet Health Inc., is a leading biomedical alloengineering organization and organ and tissue donation agency whose mission is saving lives and restoring health. For more information, go to www.lifenethealth.org.

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FCMN Contact:

Source: ETEX Corporation

CONTACT: Shane Doyle of ETEX Corporation, +1-617-577-7270,
sdoyle@etexcorp.com

Web site: www.etexcorp.com

2008-03-03 17:29:12 0303439 PRNEWSWIRE