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09:15aMiMedx Group, Inc. - Leading Independent Proxy Advisory Firm Glass Lewis Recommends That MIMEDX Shareholders Vote 'FOR ALL' Of The Company's Proposals
05/20MiMedx Says Glass Lewis Recommends in Favor of Director Nominees, Say-on-Pay Proposal
05/20Leading Independent Proxy Advisory Firm Glass Lewis Recommends that MIMEDX Shareholders Vote “FOR ALL” of the Company's Proposals
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Mimedx Group, Inc. to Provide New Details About Near- and Long-Term Growth Opportunities for Its Multimodal Placental Tissue Platform

12/07/2021 | 07:00am EDT

MiMedx Group, Inc. will provide new details about near- and long-term growth opportunities for its multimodal placental tissue platform at virtual Investor Day on December 7, 2021, which begins at 9:00 a.m. ET. The Investor Day will provide updates by Company leadership, third-party experts and key opinion leaders on the musculoskeletal late-stage pipeline and robust commercial business. Key Insights to Be Shared at MIMEDX 2021 Investor Day Include: Additional analyses from and next steps for the KOA clinical program: Third-party biostatisticians validated the statistically significant and clinically meaningful improvement in Western Ontario and McMaster Universities Osteoarthritis Index (WOMAC) Pain at three and six months, respectively (p=0.032 and p=0.009), WOMAC Function (p=0.046 and p=0.009), and WOMAC Total (p=0.038 and p=0.008) for the Pre-Interim Analysis Cohort of 190 patients. Root-cause analysis has determined that the potency of the investigational product faded as it aged, which resulted in the study’s failure to meet its primary endpoints. An intense examination of study results identified this factor as the primary difference in clinical responses observed between the Pre-Interim Analysis Cohort of 190 patients and the Post-Interim Analysis Cohort of 256 patients. MIMEDX proprietary biochemical and biological tests detected this reduced potency, related to age of the investigational product used in the Phase 2B KOA study. The Company is confident in its manufacturing processes and proprietary tissue engineering know-how and has a clear path forward. Based on the clinically meaningful and statistically significant data from the Pre-Interim Analysis Cohort of 190 patients in the Phase 2B trial, published retrospective data, extensive real-world clinical use, and ongoing scientific mechanism of action research, the Company believes that future planned KOA trials have an increased probability of success, benefitted by the learnings gained from the exploratory Phase 2B KOA clinical trial. Commencing in 2022, MIMEDX expects to initiate Phase 3 trials for its KOA candidate, with a Biologics License Application (BLA) filing anticipated in late 2025, and will work closely with the U.S. Food & Drug Administration (FDA) in advancing these trials. Robust Commercial Growth Potential: MIMEDX anticipates achieving sustainable growth of 11-14% across its vibrant commercial portfolio. This above-market growth rate comprises: An increase in its Advanced Wound Care business, driven by broadened product access across multiple underpenetrated markets, along with commercial excellence initiatives. An increase in its Surgical Recovery business, driven by market development, product innovation and increased clinical and economic evidence. An increase in its international markets, driven in part by its Japanese commercial strategy. The Company also has a robust near-term product pipeline, with two new product launches anticipated in the first half of 2022.

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All news about MIMEDX GROUP, INC.
09:15aMiMedx Group, Inc. - Leading Independent Proxy Advisory Firm Glass Lewis Recommends Tha..
05/20MiMedx Says Glass Lewis Recommends in Favor of Director Nominees, Say-on-Pay Proposal
05/20Leading Independent Proxy Advisory Firm Glass Lewis Recommends that MIMEDX Shareholders..
05/20Glass Lewis & Co Supports MiMedx Group Inc Nominees and Proposals
05/18MIMEDX Investor Presentation Highlights Clear Strategy for Value Creation
05/18MiMedx Group Files an Investor Presentation to Shareholders
05/18Prescience Point Capital Management Calls on MiMedx to Confirm the Company Has Received..
05/18Prescience Point Capital Management Provides Information to the Shareholders
05/16MIMEDX Mails Letter to Shareholders
05/16MiMedx Group Inc Mails Letter to Shareholders
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Analyst Recommendations on MIMEDX GROUP, INC.
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Financials (USD)
Sales 2022 273 M - -
Net income 2022 -30,8 M - -
Net Debt 2022 - - -
P/E ratio 2022 -16,9x
Yield 2022 -
Capitalization 405 M 405 M -
Capi. / Sales 2022 1,48x
Capi. / Sales 2023 1,30x
Nbr of Employees 811
Free-Float 97,9%
Duration : Period :
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Technical analysis trends MIMEDX GROUP, INC.
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Income Statement Evolution
Mean consensus BUY
Number of Analysts 2
Last Close Price 3,60 $
Average target price 14,17 $
Spread / Average Target 294%
EPS Revisions
Managers and Directors
Timothy R. Wright Chief Executive Officer & Director
Peter M. Carlson Chief Financial Officer
M. Kathleen Behrens Wilsey Chairman
David H. Mason Chief Medical Officer
Scott M. Turner Vice President-Procurement
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