MiMedx (NSDQ:MDXG) announced today that its recently filed shelf registration with the SEC has become effective. Marietta, Georgia-based MiMedx last month filed the shelf registration statement on Form S-3 with the SEC with the intent to be allowed to sell up to $350 million in various types of securities over the next three years once the shelf registration […]
MiMedx Group Inc.
MiMedx files SEC shelf registration to sell up to $350M in securities
MiMedx (NSDQ:MDXG) announced today that it filed a shelf registration statement on Form S-3 with the SEC. Marietta, Ga.-based MiMedx, which develops AmnioFix, a micronized dehydrated human amnion/chorion membrane (dHACM) injection as regenerative medicine, will be allowed to sell up to $350 million in various types of securities over the next three years once the SEC […]
MiMedx ticks up on Street-beating Q2 results
MiMedx (NSDQ:MDXG) today posted second-quarter results that beat the overall consensus on Wall Street. The Marietta, Ga.-based company reported losses of -$1.8 million, or -3¢ per share, on sales of $68.2 million for the three months ended June 30 for a sales growth of 27.06% compared with Q2 2020. Earnings per share were -3¢, 2¢ ahead […]
MiMedx can’t recover $40M from former execs
MiMedx cannot recoup $40.2 million from two former executives convicted in a scheme to defraud the company and its investors, a federal judge has ruled. “MiMedx is not a “victim” under federal law and is therefore not entitled to recover restitution from either man, Manhattan U.S. District Court Judge Jed Rakoff wrote in a ruling […]
MiMedx slides before hours on mixed bag Q1 results
MiMedx (NSDQ:MDXG) posted first-quarter results that beat the earnings consensus and were in line with revenue estimates on Wall Street. The Marietta, Ga.-based company reported losses of -$8.4 million, or -9¢ per share, on sales of $59.9 million for the three months ended March 31, for a sales loss of -2.87% compared with Q1 2020. […]
MedTech 100 Roundup: Small slide continues
On the back of several weeks of new records and strong performances, the medtech industry has finally hit a snag in its recent ascent. MassDevice‘s MedTech 100 index ended the week (Feb. 26) at 106.65 points, marking a 1.9% dip from the 108.72-point mark set one week before (Feb. 19). This highlights a similar drop from […]
Former MiMedx COO given same prison sentence as CEO for fraud scheme
Ex-MiMedx chief operating officer William Taylor was sentenced to one year in prison for his involvement in a fraud scheme. Taylor’s sentence matches the one handed down to former CEO Parker Petit yesterday. Both were convicted of crimes related to the fraud schemes involving distributors. In addition to his one-year prison term, Taylor will have […]
Former MiMedx CEO sentenced to year in prison for fraud scheme
Ex-MiMedx CEO Parker Petit reportedly received a year-long prison sentence after a conviction for a fraud scheme involving the company. Reuters reported that U.S. District Judge Jed Rakoff in his decision yesterday cited Petit’s age (81 years old), his current diagnosis of bladder cancer and history of charitable work as reasons that the sentence is […]
Jury convicts ex-MiMedx execs in fraud case
Two former executives of MiMedx were convicted today on charges in an alleged fraud scheme involving distributors, according to federal prosecutors. A Manhattan jury rendered the verdicts against former CEO Parker H. “Pete” Petit and former COO William C. Taylor, whom federal prosecutors claimed had entered into undisclosed side arrangements with five distributors. These side […]
MiMedx appoints chief commercial officer
MiMedx recently announced it has appointed Rohit Kashyap as executive VP and chief commercial officer. Kashyap has more than 20 years of medical device experience. He most recently served as president of global commercial at Acelity. He has held a number of leaderships at Acelity since 1998. “MiMedx is a pioneer in the development of […]
MiMedx appoints new CFO
MiMedx recently announced that it appointed Peter Carlson as chief financial officer, effective March 19. Carlson previously served as the company’s executive VP of finance and joined MiMedx in December last year. “I am extremely pleased to have Pete Carlson on board and appointed as our chief financial officer,” CEO Timothy Wright said in a […]
