$MDXG (MiMedx Group, Inc.)

$MDXG {{ '2016-07-12T14:07:46+0000' | timeago}} • Announcement

$MDXG recorded revenue for 2Q16 of $57.3MM, an 26% increase over 2Q15 revenue of $45.7MM. For 1H16, the company recorded revenue of $110.7MM, a 28% increase over revenue of $86.4MM recorded in the same period of 2015. CEO Parker Petit said the company gained significant positive momentum during 2Q16 and believes it should continue throughout year.

$MDXG {{ '2017-10-17T15:58:07+0000' | timeago}} • Announcement

$MDXG warned that certain individuals or entities not associated with the company are establishing fake email accounts to impersonate company executives. The company warns that emails purporting to be from $MDXG executives from non-MiMedx email accounts should be viewed sceptically and brought to its notice. The issue is being investigated.

$MDXG {{ '2017-10-17T12:38:30+0000' | timeago}} • Announcement

$MDXG, a pharmaceutical firm, said it received green signal from the FDA to proceed with the Investigational New Drug study of AmnioFix, an injectable formulation for  the treatment of knee osteoarthritis, in comparison with saline placebo. The company expects patient enrollment in the the phase-2B study to commence next quarter.

$MDXG {{ '2017-10-10T14:24:36+0000' | timeago}} • Announcement

$MDXG announced its preliminary revenue results for 3Q17. The company recorded revenue of $84.6MM, up 31% over 3Q16. Revenue from the direct sales force is in excess of 95% of total revenue with revenue from distributors and Original Equipment Manufacturer (OEM) accounts below 5% of total revenue. YTD revenue grew 33% to $233.6MM vs. last year.

$MDXG {{ '2017-10-09T12:45:46+0000' | timeago}} • Announcement

$MDXG's BoD has authorized a $10MM increase in the company's share repurchase program, bringing the total authorized to $110MM since the commencement in May 2014.

$MDXG {{ '2017-10-04T15:20:48+0000' | timeago}} • Announcement

$MDXG and one of its employees have filed a lawsuit against Viceroy Research and Sparrow Fund Research LP a/k/a Aurelius Value, John Fichthorn, BR Dialectic Capital Management, LLC, and "Does" 1-10, for libel, slander, defamation, false light, and tortious interference with business relations.

$MDXG {{ '2017-10-03T15:04:14+0000' | timeago}} • Announcement

$MDXG appointed Gloria Matthews as its SVP, Research and Development. Matthews will lead the company's overall research function as well as the development of new products. The company also reaffirmed its previously communicated revenue expectations for 3Q17.

$MDXG {{ '2017-10-02T18:55:33+0000' | timeago}} • Announcement

$MDXG divested its subsidiary, Stability Biologics LLC back to the former stockholders of Stability Inc. The transaction closed on Sept. 30, 2017. The consideration included a promissory note issued by Stability Biologics for $3.5MM and a waiver of all claims and rights to any earn-out consideration. $MDXG expects to book a one-time gain.

$MDXG {{ '2017-10-02T14:00:41+0000' | timeago}} • Announcement

$MDXG said Northern District Court of Georgia has set a trial date of Jan. 22, 2018 for the company's patent infringement lawsuit against Musculoskeletal Transplant Foundation, Medline Industries, and Liventa Bioscience.

$MDXG {{ '2017-09-19T15:22:20+0000' | timeago}} • Announcement

$MDXG has filed with the FDA to initiate its Investigational New Drug (IND) Phase 2 clinical trial for osteoarthritis of the knee. The objective is to determine the safety and effectiveness of AmnioFix Injectable as compared to the 0.9% Sodium Chloride USP placebo injection control for the treatment of knee osteoarthritic pain.

$MDXG {{ '2017-09-13T13:59:54+0000' | timeago}} • Announcement

$MDXG said its production operations in Georgia and placenta recovery functions are operating normally, and its previously published expectation for 3Q17 revenue to exceed the $80MM mark is unaffected by Hurricane Irma. $MDXG remains confident in its ability to meet or exceed revenue projections for 2017, which are at $309-311MM range.

$MDXG {{ '2017-09-07T14:14:35+0000' | timeago}} • Announcement

$MDXG said it received green signal from the FDA to proceed with a new drug phase-3 clinical study of its AmnioFix injection, for the treatment of Achilles Tendonitis. MiMedx expects to commence patient enrollment in the next quarter. The objective of the study is to determine the safety and effectiveness of the formulation, compared to placebo.

$MDXG {{ '2017-09-05T17:12:01+0000' | timeago}} • Announcement

Biopharmaceutical company $MDXG said that its expectation for 3Q17 revenue is expected to exceed $80MM, the high end of its 3Q17 revenue guidance range. The company previously guided to a 3Q17 revenue range of $79-80MM. The updated guidance is based on the strength of its July and August revenue performance.

$MDXG {{ '2017-08-31T13:03:59+0000' | timeago}} • Announcement

Pharma firm $MDXG said its latest peer-reviewed study of MiMedx dehydrated human amnion/chorion membrane (EpiFix) allografts was accepted for publication in the International Wound Journal. Patients treated with EpiFix showed VLU healing rates of 60% within 12 weeks and 71% within 16 weeks - a superior healing rate compared to the other studies.

$MDXG {{ '2017-08-18T19:33:28+0000' | timeago}} • Announcement

$MDXG will divest its Stability Biologics subsidiary as part of its strategic focus on biopharma. The company expects to book a one-time gain on this transaction of approx. $8-10MM. If the deal closes in 3Q17, $MDXG will maintain its FY17 revenue guidance of $309-311MM. $MDXG is reaffirming all guidance ranges for 3Q17 and FY17.

$MDXG {{ '2017-08-18T19:32:40+0000' | timeago}} • Announcement

$MDXG agreed to divest its Stability Biologics LLC subsidiary to the former stockholders of Stability Inc. The deal is expected to close in 3Q17. The consideration will include a promissory note issued by Stability Biologics for $3.5MM in favor of $MDXG and a waiver by the former Stability stockholders of all claims to the earn-out consideration.

$MDXG {{ '2017-08-17T16:40:41+0000' | timeago}} • Announcement

$MDXG provided update on litigation with terminated employees. These civil cases are proceeding at a rapid pace toward trial and/or settlement. However, certain terminated employees are continuing their attempts to publicly defame the company through misinformation, which has resulted in tortious interference civil actions.

$MDXG {{ '2017-08-17T16:35:51+0000' | timeago}} • Announcement

$MDXG provided an update on its litigation with certain former employees. The company filed lawsuits against certain former employees on Dec. 13, 2016 for, among other things, selling competing products while full-time employees of $MDXG. The company is also seeking monetary damages in an amount to be determined at trial.

$MDXG {{ '2017-08-04T21:07:25+0000' | timeago}} • Announcement

$MDXG filed with the FDA to initiate its Investigational New Drug (IND) Phase 3 Achilles Tendonitis clinical study. The trial will study $MDXG’s AmnioFix Injectable in a Phase 3 randomized controlled trial of the micronized dHACM Injection as compared to saline placebo injection in the treatment of Achilles Tendonitis.

$MDXG {{ '2017-04-28T18:56:53+0000' | timeago}} • Announcement

$MDXG sees 2Q17 revenue at $73.5-75MM, pushing the FY17 revenue guidance to $303.5-307MM. Gross profit margins for the year is expected to be 86-88%, with operating earnings growing by 90% or greater. MiMedx estimates GAAP EPS to be $0.18-0.20, with net earnings rising over 95% for FY17.

$MDXG {{ '2017-04-28T18:52:27+0000' | timeago}} • Announcement

$MDXG's revenue soared 36% to $72.6MM in 1Q17, as biopharma product maker's net income more than tripled to $4.3MM from last year's $1.2MM. Earnings jumped to $0.04 per diluted share from last year's $0.01 a share, helped by revenues from Wound Care segment rising 40% and SSO segment growing by 26%.

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