Smith & Nephew Orthopaedics Donates Inaugural Funds to COTA Grants Program
October 29 2009 - 2:48PM
PR Newswire (US)
MEMPHIS, Tenn., Oct. 29 /PRNewswire-FirstCall/ -- Smith &
Nephew's (NYSE: SNN)(LSE:SN) Orthopaedics business announced today
it has made a first-of-its-kind contribution to the Center for
Orthopaedic Trauma Advancement (COTA) for fellowship and resident
education grants. Smith & Nephew and COTA entered into a grant
administration agreement in September under which COTA will serve
as an independent, third-party administrator of funds. Smith &
Nephew is providing COTA's first donation to support research,
fellowship and residency programs for orthopaedic surgeons serving
the multiply-injured patient. COTA is the first 501 (c) (3)
non-profit corporation exclusively dedicated to funding medical
education for surgeons who specialize in orthopaedic trauma patient
care. The organization is working to build on Smith & Nephew's
contribution with additional grants from industry, as well as
non-profit entities and philanthropic sources. "We are proud to
donate the first funds to COTA as they create an important avenue
for the independent selection and distribution of grants," said
Bill Shopoff, president of Smith & Nephew Orthopaedics' Trauma
business. "This agreement reinforces our commitment to training and
education for the physicians who deliver life-restoring trauma
technology to patients." About Smith & Nephew Smith &
Nephew is a global medical technology business, specialising in
Orthopaedics, including Reconstruction, Trauma and Clinical
Therapies; Endoscopy and Advanced Wound Management. Smith &
Nephew is a global leader in arthroscopy and advanced wound
management and is one of the leading global orthopaedics companies.
Smith & Nephew is dedicated to helping improve people's lives.
The Company prides itself on the strength of its relationships with
its surgeons and professional healthcare customers, with whom its
name is synonymous with high standards of performance, innovation
and trust. The Company operates in 32 countries around the world.
Annual sales in 2008 were $3.8 billion. Forward-Looking Statements
This press release contains certain "forward-looking statements"
within the meaning of the US Private Securities Litigation Reform
Act of 1995. In particular, statements regarding planned growth in
our business and in our trading margins discussed under "Outlook"
are forward-looking statements as are discussions of our product
pipeline. These statements, as well as the phrases "aim", "plan",
"intend", "anticipate", "well-placed", "believe", "estimate",
"expect", "target", "consider" and similar expressions, are
generally intended to identify forward-looking statements. Such
forward-looking statements involve known and unknown risks,
uncertainties and other important factors (including, but not
limited to, the outcome of litigation and regulatory approvals)
that could cause the actual results, performance or achievements of
Smith & Nephew, or industry results, to differ materially from
any future results, performance or achievements expressed or
implied by such forward-looking statements. Please refer to the
documents that Smith & Nephew has filed with the U.S.
Securities and Exchange Commission under the U.S. Securities
Exchange Act of 1934, as amended, including Smith & Nephew's
most recent annual report on Form 20F, for a discussion of certain
of these factors. All forward-looking statements in this press
release are based on information available to Smith & Nephew as
of the date hereof. All written or oral forward-looking statements
attributable to Smith & Nephew or any person acting on behalf
of Smith & Nephew are expressly qualified in their entirety by
the foregoing. Smith & Nephew does not undertake any obligation
to update or revise any forward-looking statement contained herein
to reflect any change in Smith & Nephew's expectation with
regard thereto or any change in events, conditions or circumstances
on which any such statement is based. DATASOURCE: Smith &
Nephew CONTACT: Analyst/Investor Inquiries: Liz Hewitt, +44 (0) 20
7401 7646, Media Inquiries: Andrew Burns, +1-901-399-5739, , both
of Smith & Nephew; Nancy Franzon, Executive Director, COTA,
+1-847-384-4223 Web Site: http://www.smith-nephew.com/
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