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Advanced Bio-Surfaces Announces New CEO
Experienced CEO is ready to drive company's commercialization
MINNEAPOLIS, Nov. 14 /PRNewswire/ -- Advanced Bio-Surfaces, Inc., (ABS)
announced today that David Lorenzi has joined the company as its new
President and Chief Executive Officer. Mr. Lorenzi will also serve as a
member of the ABS Board of Directors. The company's founder and former CEO,
Jeffrey Felt, M.D. will serve as Chairman and Chief Technology Officer.
Mr. Lorenzi is a seasoned executive with expertise in leading the
commercial growth of orthopedic medical devices companies. ABS Founder, Dr.
Jeff Felt praised David's acumen, citing his "established record of
bringing focus to organizations and his reputation as a leader possessing
both the experience and drive needed to lead ABS to profitability. ABS will
benefit greatly from these qualities."
Mr. Lorenzi's experience includes roles as President and Chief
Executive Officer for both OMNI life science, Inc. and PLUS Orthopedics
USA, Inc.. Both companies focus on the orthopedic segment of healthcare,
primarily with joint reconstruction products. In addition to OMNI life
science and PLUS Orthopedics, David has also held various field, senior and
executive level management positions with Ethicon, Orthofix, EMPI and
Medtronic. He has participated as a member of the Board of Directors of
PLUS Orthopedics, Inc., OMNI life science, Inc. and Enztec, Ltd.
"I am very excited to be part of ABS," said David Lorenzi. "The company
has developed a pipeline of unique products that address the unmet needs of
orthopedic surgeons and their patients. I look forward to working with Dr.
Jeff Felt and the management team to build a strong business that achieves
our strategic objectives and maximizes value for our shareholders."
About Advanced Bio-Surfaces, Inc.
ABS is a privately held company dedicated to the development of
innovative joint restoration products. The company's first product, the
OrthoGlide Medial Knee Implant, is intended for the treatment of patients
with moderate osteoarthritis of the medial compartment. The company
received 510(k) clearance to market from the U.S. Food and Drug
Administration (FDA) and CE mark notification from its Notified Body, in
February 2006. For additional information contact ABS at 952.912.5400 or
visit the website at http://www.advbiosurf.com.
SOURCE Advanced Bio-Surfaces, Inc.
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