NORWELL, Mass., July 5 /PRNewswire/ -- Harvest(R) Technologies
Corporation, announced today that it signed a licensing agreement with DePuy
AcroMed, Inc., a Johnson & Johnson company. The agreement provides DePuy
AcroMed with exclusive rights for distribution in the U.S., Canada and Latin
American of Harvest's SmartPReP(TM) Platelet Concentrate System in the
orthobiologics market, and an exclusive 18 month option for Europe and Asia.
Harvest's SmartPReP technology represents a significant advance in the
hemobiologic industry. Using a patient's own blood during surgery, SmartPReP
harvests and concentrates platelet-rich plasma by separating and removing the
platelets, which contain naturally occurring growth factors and proteins. The
SmartPReP(TM) system concentrates the platelets and makes them available to
the doctor for diagnosis at the point-of-care. Additionally, the SmartPReP
Platelet Concentrate System is fast and easy to use and requires only a small
blood sample to produce consistently high levels of platelet concentrate.
Clinical studies will soon be initiated to investigate SmartPReP's ability to
stimulate the body's repair mechanisms and enhance wound healing and bone
"Our alliance with DePuy AcroMed gives Harvest access to an extremely
strong marketing organization in the rapidly growing spine and orthopedic
markets, states Gary Tureski, co-founder and president of Harvest Technologies
Corporation. "It also allows Harvest to focus its resources on developing non-
orthopedic soft tissue markets in Plastic, ENT, Cardiovascular, Oral Surgery
and in the Acute Wound Care markets.
"First and foremost, this technology affords patients a new and safe
choice while undergoing surgical procedures," states Earl R. Fender, president
of DePuy AcroMed, Inc. "It also serves as a key platform for our company's
future growth in the orthobiologics market."
Preliminary distribution activities are already underway across the United
States and physicians are expressing their enthusiasm for the system's safety
factors and cost efficiencies as well as the technology's future
possibilities. A national release is planned for later this year.
Harvest Technologies Corporation designs, develops and markets unique
systems that target the demand for surgical solutions using the patient's own
DePuy AcroMed, a Johnson & Johnson company, is based in Raynham,
Massachusetts. The company is a spinal industry leader focused on the design,
development, manufacturing and marketing of spinal products used by
orthopaedic surgeons and neurosurgeons worldwide.
SOURCE Harvest Technologies Corporation