Article: Protein Polymer Receives Additional Spine Wave Equity and Incentives For Development of Spinal Disc Repair Product; Spine Wave Also Acquires VERTx, Inc. and Completes Equity Financing.

SAN DIEGO -- Protein Polymer Technologies, Inc. (BULLETIN BOARD: PPTI) and Spine Wave, Inc. today announced the execution of agreements providing PPTI with additional equity incentives in the form of Spine Wave common stock and warrants for the continued development of a unique spinal disc repair product based on PPTI's patented technology.

Spine Wave is a private company formed in 2001 by PPTI and Windamere Venture Partners to develop and commercialize an injectable protein-based formulation for the repair of spinal discs damaged either by injury or aging.

In a related transaction, Spine Wave announced that it has raised approximately $15 million ...

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