Kyphon expands, opens business unit in Switzerland

By Elaine Rigoli

Tampa, Fla., March 15 - Kyphon, Inc. announced that it is establishing an operational presence in the Canton of Neuchatel, Switzerland, to support the company's rapid international growth.

Kyphon Sarl, the newly created Swiss company, will house manufacturing and distribution activities for Kyphon's international markets, as well as administrative activities including clinical, regulatory, marketing and shared financial services, according to a company news release.

In addition, certain global research and development activities will be performed by Kyphon Sarl, which will serve to augment Kyphon's current research and development center in Sunnyvale, Calif.

Kyphon's international revenues increased 87% in 2005 versus the prior year, with international markets representing 19% of the company's global sales during the most recent reporting quarter, the release said.

The decision to establish a major facility overseas was in response to the growing needs of Kyphon's international markets, coupled with the company's desire to establish additional manufacturing capacity and gain access to new technical talent.

Kyphon Sarl is beginning administrative operations immediately, and anticipates that it will have full manufacturing, distribution, research and development and administrative activities in effect by the end of 2007, the release said.

Kyphon develops and markets medical devices designed to restore spinal function using minimally invasive technologies.

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