The company announced yesterday that it will be acquired by Royal DSM. The company reported net sales of $4.8 million in sports medicine, $4.1 million in spine products and $2.7 million in trauma and craniomaxillofacial products. According to President and CEO Joe Kaufman, the increase in sports medicine sales was due to organic growth, and spine sales increase was driven by the organic growth from Stryker and its acquisition of the Norian business in May 2011.
However, royalty income decreased 6 percent from the same period last year, reaching $6.1 million during the third quarter.
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