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Orthovita (Nasdaq: VITA) $2.20. Announced Thursday after market close that it received 510(k) clearance from the U.S. Food and Drug Administration (FDA) to market Vitoss BA Bimodal Bone Graft Substitute as a non-structural bone void filler for use in the extremities, pelvis and posterolateral spine. Vitoss™ Bimodal is anticipated to launch in the United States in 9-12 months after the introduction of Vitoss™ BA2X which will be commercially introduced by Orthovita next week at the 2011 Meeting of the American Academy of Orthopedic Surgeons.
Vitoss BA Bimodal differs from previous versions of Vitoss BA by modifying the size distribution of the bioactive glass particles to accelerate resorption of the bioactive glass. Orthopedic and spine surgeons believe accelerated resorption is an important characteristic in grafting material.
What They Do: Orthovita, Inc. is a specialty spine and orthopedic company with a portfolio of orthobiologic and biosurgery products.
Panera Bread Company (Nasdaq: PNRA) $99.71. Announced Thursday after market close net income of $112 million, or $3.62 per diluted share, for the fifty-two weeks ended December 28, 2010. These results compare to net income of $86 million, or $2.78 per diluted share, for the fifty-two weeks ended December 29, 2009, and represent a 30% year-over-year increase in diluted earnings per share.
For the fourth quarter ended December 28, 2010, net income was $37 million, or $1.21 per diluted share. The fourth quarter of fiscal 2010 results compare to net income of $30 million, or $0.95 per diluted share, for the fourth quarter ended December 29, 2009, and represent a 27% year-over-year increase in diluted earnings per share.
What They Do: Panera Bread Company owns and franchises 1,453 bakery-cafes as of December 28, 2010 under the Panera Bread(r), Saint Louis Bread Co.(r), and Paradise Bakery & Café(r) names.
FalconStor Software (Nasdaq: FALC) $3.71. Announced Thursday after market close financial results for its fourth quarter and full year ended December 31, 2010. Total revenues for the fourth quarter of 2010 were $26.5 million, an increase of 18% compared with $22.4 million in the same period a year ago. GAAP income from operations for the fourth quarter of 2010 was $0.8 million, compared with a loss from operations of $3.3 million for the same period a year ago. GAAP net loss for the quarter was $0.1 million with breakeven earnings per share compared with a net loss of $1.5 million or $0.03 per share for the same period a year ago.
What They Do: FalconStor Software is the market leader in disk-based data protection
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