Bacterin Reports $6M in Q1 Revenue, 119% IncreaseWritten by Jaimie Oh | May 17, 2011
Bacterin, a manufacturer of bone graft material and antimicrobial coatings for medical applications, has posted revenues of $6 million for the first quarter 2011, an increase of 119 percent compared to the same quarter last year, according to a company news release.
The company's continued growth in revenue can be attributed to product penetration and continued expansion of a direct sales force. Bacterin expects to see continued revenue growth acceleration with its expanded sales force and two recently launched biologics scaffolds: Osteosponge SC and hMatrix.
Read the company news release about Bacterin's first quarter financial results.
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