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Year in Review

2011 To Date (July 2011): Merger & Acquisition Activity in Orthopaedics and Spine

2Q11

NORIAN assets acquired by KENSEY NASH for $22MM in cash
* Kensey to manufacture Norian’s orthobiosurgery products for continued exclusive global distribution by Synthes (e.g. chronOS Preforms and Strip, SynPOR Porous Polyethylene Implants, calcium phosphate bone cements, etc.)
* Companies entered into an R&D agreement for future products