Vivex Biomedical, Inc. Announces Definitive Agreement with the University of Miami Marietta, GA/Miami, FL

MIAMI, Nov. 18, 2014 /PRNewswire/ -- Vivex Biomedical, Inc. ("Vivex"), a biomaterials manufacturer, distributor, and developer located in Marietta, Georgia, today announced that it has acquired certain assets and agreements of the University of Miami's Tissue Bank (UMTB). Established in 1970, UMTB is the oldest and one of the most respected tissue banks in the United States. UMTB is a provider of human tissue and cellular products, including bone allografts, biomaterials, and soft tissue products for the spine, orthopedics, sports medicine, dental, and wound care markets.

"The strategic alliance with UMTB and the acquisition of their proprietary technology will complement Vivex's existing portfolio and represents a key step in fulfilling our strategy of building a broad business in the regenerative biologics sector," said Tracy Anderson, CEO of Vivex. In this strategic alliance, Vivex will maintain and expand upon the existing manufacturing and distribution agreements while the University of Miami will continue to build on its strong history and donor relationships with local hospitals and donor organizations.

"The University of Miami's Tissue Bank has designed and manufactured tissue products that make a difference in people's lives. In Vivex, we have the right industry ally to carry on the tradition of commitment to serving patients and advancing science," said Joe Natoli, Senior Vice President for Business & Finance and Chief Financial Officer of the University of Miami.

"As a surgeon, I could not be happier about the ally we have chosen, and I believe with this alliance we will achieve new heights in the fields of tissue regeneration," said H. Thomas Temple, M.D., Director of the University of Miami's Tissue Bank, professor and vice chair of orthopedics at the Miller School of Medicine. "Furthermore, I am most pleased with Vivex management and the respect they have shown to the process of tissue donation and honoring the Gift of Life."

Vivex will continue existing tissue operations in Miami and has committed to expanding the resources available. "We are extremely excited to welcome the talented and dedicated employees of UMTB to the Vivex family and we look forward to adding more in the weeks and months to come," said Anderson.

Comments and questions for Vivex can be directed to Michael Rozmajzl, General Counsel, at (770) 575-5221. For University of Miami Miller School of Medicine inquiries, contact Lisa Worley at (305) 243-5184.

About Vivex:
Vivex Biologics, Inc. is a privately held, Marietta, GA based company focused in biologics and cellular therapies that treat orthopaedic, spine, wound and soft tissue injuries. Vivex has proprietary technologies in the field of stem cells and implant surface modification. The marrow isolated adult multilineage inducible (MIAMI) cells and mimetic patterning technologies (MIME) will improve the healing environment for the patient and reduce the overall cost in the healthcare environment.

About UMTB
Founded in 1970 through a partnership with the U.S. Naval Hospital in Bethesda, MD, UMTB is the oldest tissue bank in the United States. In addition, it is the only tissue bank that has university ties to research as well as partnerships in donation. UMTB has been led by H. Thomas Temple, M.D., a world renowned orthopedic oncologist and surgeon at the University of Miami.

Safe Harbor Statements
All statements included in this press release other than statements of historical fact are forward-looking statements and may be identified by their use of words such as "believe," "may," "might," "could," "will," "aim," "estimate," "continue," "anticipate," "intend," "expect," "plan," and other similar terms. These forward-looking statements are based on our current assumptions, expectations, and estimates of future events and trends. Forward-looking statements are only predictions and are subject to many risks, uncertainties, and other factors that may affect our businesses and operations and could cause actual results to differ materially from those predicted. These risks and uncertainties include, but are not limited to, factors affecting our financial results, our ability to manage our growth, our ability to sustain our profitability, demand for our products, our ability to compete successfully (including without limiting our ability to convince surgeons to use our products and our ability to attract and retain sales and other personnel), our ability to rapidly develop and introduce new products, our ability to develop and execute on successful business strategies, our ability to comply with laws and regulations that are or may become applicable to our businesses, our ability to safeguard our intellectual property, our success in defending legal proceedings brought against us, trends in the medical device industry, general economic conditions, and other risks. Moreover, we operate in an evolving environment. New risk factors and uncertainties emerge from time to time and it is not possible for us to predict all risk factors and uncertainties, nor can we assess the impact of all factors on our business or the extent to which any factor, or combination of factors, may cause actual results to differ materially from those contained in any forward-looking statements. Given these risks and uncertainties, readers are cautioned not to place undue reliance on any forward-looking statements. Forward-looking statements contained in this press release speak only as of the date of this press release. We undertake no obligation to update any forward-looking statements as a result of new information, events, or circumstances or other factors arising or coming to our attention after the date hereof.

SOURCE Vivex Biomedical, Inc.

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