Welcome to our dedicated page for Mimedx Group news (Ticker: MDXG), a resource for investors and traders seeking the latest updates and insights on Mimedx Group stock.
MiMedx Group, Inc. develops and commercializes regenerative biomaterial products for wound care, burn and surgical applications. Its updates center on placental allografts and related advanced wound care technologies, including AMNIOFIX, CHORIOFIX and G4Derm Plus, as the company adds product configurations, distribution rights and clinical evidence for complex wound management.
Company news also covers operating results for the Wound and Surgical businesses, reimbursement-driven market conditions, cost-reduction actions, investor presentations, conference participation and capital actions such as share repurchase authorization.
On March 16, 2022, WoundGenex announced a strategic partnership with MiMedx Group (Nasdaq: MDXG) to launch the exclusive Premier Graft Program. This initiative aims to provide clinicians across the U.S. access to leading allograft products without upfront costs. WoundGenex will facilitate product ordering and streamline reimbursement processes for providers. MiMedx's EPIFIX® is covered by national commercial payors for diabetic foot ulcers, affecting over 300 million covered lives. This collaboration is expected to enhance access to advanced wound care solutions for patients.
Marietta, Ga. - March 15, 2022 - MiMedx Group (Nasdaq: MDXG) announced that CEO Timothy R. Wright and CFO Peter M. Carlson will present at the Canaccord Genuity Musculoskeletal Conference in Chicago on March 22 at 10:30 AM CDT. Institutional investors interested in meeting the management can contact their Canaccord Genuity representative. A live webcast will be available on the Company’s website and a replay will be accessible for 30 days post-event. MiMedx specializes in placental biologics, addressing acute and chronic wounds as well as musculoskeletal conditions.
MiMedx Group (MDXG) reported fourth quarter net sales of $67.4 million, slightly down from $68.5 million in 2020. For the full year, net sales reached $258.6 million, reflecting a 7.1% increase year-over-year. The company's Advanced Wound Care products saw a 15% growth in 2021. However, the net loss for the year was $10.3 million, improved from $49.3 million in 2020. Looking ahead, MiMedx expects a sales growth of 11% to 14% in 2022 and plans to initiate a Phase 3 clinical trial for knee osteoarthritis.
MiMedx Group, Inc. (MDXG) announced a peer-reviewed study showing the cost-effectiveness of its PURION® processed DHACM allografts in treating lower extremity diabetic ulcers. Analyzing 1.2 million Medicare patients, the study found that DHACM reduced amputations and healthcare costs, saving $3,670 per patient in the first year and providing an additional 0.013 quality-adjusted life years. The findings suggest significant potential savings of nearly $22 million annually for a one-million-person plan, highlighting the economic benefits for patients and healthcare systems.
MiMedx Group, Inc. (MDXG) will release its financial results for Q4 2021 on February 28, 2022, after market close. A webcast and conference call will follow at 5:00 p.m. ET for management to discuss these results. The company specializes in placental biologics, providing allografts for treating acute and chronic wounds, and has a strong pipeline for musculoskeletal conditions. With over 2 million allografts supplied, MiMedx focuses on innovative healthcare solutions.
MiMedx Group, Inc. (MDXG) has launched a pivotal Phase 3 clinical study program for its micronized dehydrated Human Amnion Chorion Membrane (mdHACM) targeting knee osteoarthritis (KOA) with a potential commercial launch in late 2026. The company aims for double-digit growth in 2022, driven by treatment transformations and global expansion, including the mid-2022 launch of EPIFIX® in Japan. The 2022 outlook includes a revenue growth target of 11%-14% and an increase in R&D spending from $17 million to $22 million, despite a slight dip in gross margins due to competitive dynamics.
Mariotta, Ga. - January 4, 2022 - MiMedx Group, Inc. (Nasdaq: MDXG) announced participation in the H.C. Wainwright BioConnect Virtual Conference from January 10-13, 2022. CEO Timothy R. Wright, CFO Peter M. Carlson, and EVP Robert B. Stein will engage in a pre-recorded fireside chat available on the company's website starting January 10 at 7:00 AM ET. MiMedx specializes in placental biologics, providing allografts for treating non-healing wounds and musculoskeletal conditions, utilizing proprietary methods to ensure quality and efficacy.
MARIETTA, Ga., Dec. 22, 2021 – MiMedx Group, Inc. (Nasdaq: MDXG) announced that CEO Timothy R. Wright and CFO Peter M. Carlson will present at the 40th Annual J.P. Morgan Healthcare Conference on January 12 at 5:15 PM EST. Institutional investors can schedule virtual meetings with management through their J.P. Morgan representatives. A live webcast will be available on the Company’s website, with a replay accessible for 30 days post-presentation. MiMedx is a leader in placental biologics, focusing on non-healing wounds and musculoskeletal conditions.
MIMEDX Group, Inc. (MDXG) announced key insights during its virtual Investor Day, focusing on its KOA clinical program and robust commercial growth potential. The company anticipates initiating Phase 3 trials for its Knee Osteoarthritis candidate in 2022, with a Biologics License Application expected by late 2025. MIMEDX raised its adjusted net sales outlook for 2021 to $253-$258 million, surpassing previous estimates. The company's commercial strategy targets sustainable growth of 11-14% in several underpenetrated markets, driven by product innovation and global expansion initiatives.
MIMEDX (Nasdaq: MDXG) plans to host a virtual Investor Day on December 7, 2021, at 9:00 a.m. ET. CEO Timothy R. Wright will share insights from their knee osteoarthritis clinical study, highlighting significant outcomes in WOMAC scores with p-values below 0.05 at three months and below 0.01 at six months. The event will also cover growth strategies and advancements in their commercial business. Key speakers will include executives and third-party experts discussing the musculoskeletal pipeline and market opportunities. Registrations can be made using the access code ‘MDXG.’