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John R. Tongue, MD, president of the American Academy of Orthopaedic Surgeons, issued a statement on behalf of AAOS applauding the U.S. House of Representatives' legislation to repeal the Independent Payment Advisory Board.

Belgrade, Mont.-based medical device company Bacterin reported net income loss of more than $2 million during the fourth quarter of 2011, and a loss of more than $16 million in 2011.

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