NEWS

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Business Wire

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March 16, 2022

Kolosis BIO Announces 2021 Results

Salt Lake City, Utah, March 16, 2022
  • Kolosis bone grafts available in over 270 hospitals and surgical facilities in 46 states
  • Grafts utilized in approximately 6000 fusion procedures during the year
  • Expanded national footprint through ~100 independent distributors
  • Successful launch of Kore Fiber with rapid market adoption and positive early clinical performance. Kore added to over 30 health system and GPO contracts

 

Kolosis BIO, LLC (Kolosis), a pure-play orthobiologics company and an exclusive partner to MTF Biologics, announced today its 2021 results and 2022 expectations.

2021 saw strong revenue growth primarily driven by the launch of Kore Fiber and by the continued strong performance of the Prime HD DBM tissue-form. Kolosis anticipates doubling its revenue in 2022 as it grows its direct and indirect sales force, expands contractual access for its bone graft portfolio, and provides additional scientific evidence for its technologies.

“We couldn’t be more pleased with the launch of Kore Fiber and the interest in the technology we are seeing from clinicians and sales partners alike,” said Collin Begley, CEO. “Delivering high quality MTF grafts to over 6000 patients during the year is a humbling accomplishment for our team. Looking towards 2022 and beyond, our salesforce expansion trajectory, scientific initiatives, and initial clinical outcomes give us a pathway to deliver continued robust growth.”

Kolosis President, Keegan Begley, added, “Our value proposition in the market is extremely compelling with best-in-class aseptically processed technologies from MTF and rapidly expanding contract access for our bone graft portfolio. I’m pleased with our performance and that we’re delivering a level of responsiveness to our customers that is simply impossible for our big company competitors to match.”

About Kolosis BIO:

Kolosis BIO is a leading provider of innovative biologic solutions, dedicated to commercializing cutting-edge technologies and delivering market-leading products to the orthopedic industry. As a pure-play biologics company, Kolosis BIO exclusively partners with MTF Biologics to offer superior quality bone graft technologies such as Kore Fiber, a 100% cortical fiber allograft and Prime HD, a pre-hydrated DBM. These allografts are backed by MTF’s proprietary aseptic processing methods that optimally preserve matrix structures and osteoinductive properties.

As the company looks to the future, Kolosis is dedicated to driving innovation in the biologics field, expanding its product offerings and pushing the boundaries of science to enhance patient outcomes. With a focus on relentless execution and bold technologies, Kolosis BIO endeavors to become a leading force in the biologics market. For more information, please visit www.kolosis.com.

About MTF Biologics:

MTF Biologics is a global nonprofit organization that saves and heals lives by honoring donated gifts, serving patients and advancing science. They provide unmatched service, resources, and expertise to donors and their loved ones who give the gift of donation, people who depend on tissue and organ transplants, healthcare providers, and clinicians and scientists.

The International Institute for the Advancement of Medicine (IIAM), a Division of MTF Biologics, honors donors of non-transplantable organs by providing their gifts to the medical research community to combat and cure diseases. Statline, also a Division of MTF Biologics, provides specialized communications and technology expertise to organ, tissue, and eye procurement organizations, as well as the hospitals and patients that they serve. Its sister organization, Deutsches Institute for Zell-und Gewebeersatz – DIZG (The German Institute for Cell and Tissue Transplantation), expands its reach to patients across the globe. For more information, visit www.mtfbiologics.org.