Bacterin Announces Contract Extension With Novation

Bacterin International Holdings, Inc. (NYSE MKT:

), a leader in the development of bone graft material, today announced that it has extended its contract with Novation for an additional year. The extension will allow Bacterin to continue to supply Novation members with OsteoSponge, OsteoSelect DBM Putty, and other proprietary Bacterin allografts. Novation develops and manages competitive contracts with more than 700 suppliers. As a biologic supplier, Bacterin is one of only three companies with a contract for demineralized bone matrix technologies and one of four allograft suppliers. This gives Bacterin a competitive advantage in comparison to many biologic providers that do not have an agreement with Novation. Since entering into a contract in 2012, Bacterin has worked closely with Novation in several areas including helping to drive contract utilization with its members, adding value for the facility and their patients, and helping its members recognize savings without compromising safety or quality. In 2014, approximately 25% of Bacterin's revenues were generated by Novation members. "Novation has and will continue to be a significant GPO partner for Bacterin products. Both companies are committed to this relationship and to maintaining a focus on safety, quality, and efficacy for the patients who are served by the Bacterin biologic product line," said Melanie Head, Vice President of Sales for Bacterin. "Our relationship with Novation has provided Bacterin with growth opportunities with their member partners across the US and we are excited to continue this successful relationship for another year."