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ALACHUA, Fla., March 01, 2021 (Globe NEWSWIRE) — Axogen, Inc. (NASDAQ: AXGN), a world wide leader in producing and promoting progressive surgical methods for peripheral nerve injuries, today announced the promotion of Peter J. Mariani to Govt Vice President and Main Monetary Officer.
Mr. Mariani has served as Axogen’s Chief Money Officer because 2016. Throughout this time, he has played a essential position in the execution of Axogen’s approach and in developing the basis for extensive-time period growth, overseeing a range of initiatives that have strengthened the company’s capital framework, improved management procedures, and expanded the company’s services and capabilities.
“Pete’s management has experienced a meaningful impression on our firm around the previous 5 many years,” reported Karen Zaderej, chairman, CEO, and president of Axogen, Inc. “The potential to know the whole possible of our advancement opportunity is pushed by ongoing self-control in our small business processes, resource allocation, and the execution of our vital strategic initiatives. This expanded purpose acknowledges Pete’s sizeable and ongoing contributions to Axogen’s expansion and presents an prospect for him to drive further enhancements that assistance our skill to realize our mission.”
In his expanded purpose, Mr. Mariani will oversee the company’s Excellent Assurance crew in addition to his recent organizational tasks, which include oversight of the Finance and Accounting, Trader Relations, Information Know-how, and Program Management functions.
Axogen (AXGN) is the foremost business focused precisely on the science, improvement, and commercialization of systems for peripheral nerve regeneration and repair service. Axogen workers are passionate about encouraging to restore peripheral nerve operate and good quality of lifetime to individuals with actual physical injury or transection to peripheral nerves by providing innovative, clinically tested, and economically effective repair service solutions for surgeons and wellness care vendors. Peripheral nerves supply the pathways for the two motor and sensory signals through the overall body. Just about every day, folks endure traumatic injuries or undertake surgical treatments that impact the operate of their peripheral nerves. Physical hurt to a peripheral nerve, or the incapability to properly reconnect peripheral nerves, can result in the reduction of muscle or organ purpose, the loss of sensory experience, or the initiation of suffering.
Axogen’s system for peripheral nerve repair attributes a comprehensive portfolio of goods, including Avance® Nerve Graft, a biologically active off-the-shelf processed human nerve allograft for bridging severed peripheral nerves without the comorbidities related with a next surgical internet site Axoguard Nerve Connector®, a porcine submucosa extracellular matrix (ECM) coaptation aid for tensionless fix of severed peripheral nerves Axoguard Nerve Protector®, a porcine submucosa ECM solution utilised to wrap and shield broken peripheral nerves and fortify the nerve reconstruction though avoiding tender tissue attachments Axoguard Nerve Cap®, a porcine submucosa ECM solution utilised to safeguard a peripheral nerve conclusion and different the nerve from the surrounding atmosphere to reduce the growth of symptomatic or painful neuroma and Avive® Soft Tissue Membrane, a processed human umbilical cord intended for surgical use as a resorbable tender tissue barrier. The Axogen portfolio of products is available in the United States, Canada, Germany, United Kingdom, Spain, South Korea, and numerous other nations.
Cautionary Statements Concerning Forward-Searching Statements
This press release includes “forward-looking” statements as defined in the Non-public Securities Litigation Reform Act of 1995. These statements are dependent on management’s present expectations or predictions of long run situations, events, or benefits centered on different assumptions and management’s estimates of trends and financial elements in the marketplaces in which we are active, as well as our business enterprise options. Phrases these types of as “expects,” “anticipates,” “intends,” “plans,” “believes,” “seeks,” “estimates,” “projects,” “forecasts,” “continue,” “may,” “should,” “will,” “goals,” and versions of such words and equivalent expressions are intended to detect this sort of forward-looking statements. The forward-on the lookout statements might involve, without the need of limitation, statements similar to the expected impact of COVID-19 on our organization, statements concerning our progress, product or service enhancement, item probable, economic efficiency, income growth, solution adoption, market consciousness of our products, details validation, our assessment of our inside controls more than fiscal reporting, our visibility at and sponsorship of conferences and academic situations. The forward-on the lookout statements are and will be topic to challenges and uncertainties, which may perhaps lead to genuine success to vary materially from all those expressed or implied in this kind of forward-wanting statements. Forward-wanting statements contained in this push launch really should be evaluated with each other with the numerous uncertainties that influence our small business and our marketplace, notably those people talked about less than Portion I, Merchandise 1A., “Risk Variables,” of our Annual Report on Sort 10-K, as amended on Form 10-K/A, for the fiscal 12 months ended December 31, 2020, as properly as other challenges and cautionary statements set forth in our filings with the U.S. Securities and Trade Commission. Forward-wanting statements are not a guarantee of long run efficiency, and real results could vary materially from those people projected. The ahead-seeking statements are agent only as of the day they are manufactured and, other than as essential by applicable legislation, we presume no responsibility to publicly update or revise any forward-looking statements, regardless of whether as a consequence of new information, long term activities, altered instances, or in any other case.