MiMedx Group Inc., backed by health-care hotshot Parker “Pete” Petit, is developing biomaterial-based products for use in musculoskeletal specialties, based on technology from Georgia Tech and the University of South Florida.
MiMedx is also developing a proprietary collagen-based fiber that act as platforms or “scaffolds” on which a patient’s tissue grows during the healing process to achieve healthy tissue reconstruction without major scarring. That technology is expected to hit the market by the end of the second quarter of 2010.
“Biotech firm to raise $10M” (Atlanta Business Chronicle)… http://ow.ly/GcRJ