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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.
MIMEDX Group, Inc. (NASDAQ: MDXG) has responded to Prescience Point Capital's Schedule 13D filing, urging shareholders to support its Board of Directors. The Company emphasizes its commitment to governance, citing 46 engagements with Prescience Point since June 2019. Allegations against the Board, including attempts by Mr. Asbahi to replace directors, are rejected. The Board asserts its dedication to enhancing shareholder value through strategic initiatives in the placental biologics market. Shareholders are encouraged to vote for the Board's nominees in the upcoming Annual Meeting on June 7, 2022.
MiMedx Group, Inc. (Nasdaq: MDXG) will announce its first-quarter financial results on May 3, 2022, after market close. Senior management will review these results in a conference call on May 4, 2022, at 8:30 a.m. Eastern Time. MiMedx specializes in placental tissue allografts for treating chronic wounds and musculoskeletal conditions, employing proprietary methods like the PURION® process. Since inception, over two million allografts have been distributed.
MiMedx Group, Inc. (MDXG) will sponsor a lunch symposium at the Symposium on Advanced Wound Care from April 6-10, 2022, in Phoenix, Arizona. The symposium will showcase data on the effectiveness of EPIFIX in treating chronic wounds, emphasizing its role in reducing amputations in diabetic ulcers. The company will also present three poster abstracts on its PURION® processed allografts. These efforts aim to improve treatment standards for diabetic ulcer patients and highlight the cost-effectiveness of advanced wound care strategies.
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.