MiMedx Group, a biomaterials company, raises $5M in Private Placement

 MiMedx Group, Inc. - Front ...

MiMedx Group, Inc. is an integrated developer, manufacturer and marketer of patent protected biomaterial-based products and is in the process of transitioning from a development-focused concern to an operating company focused on sales growth and profitability

The proceeds of the offering will be used to support the Company’s launch of its first product, the Paradis Vaso Shield™, to facilitate further development activities related to progressing the Company’s other products through regulatory clearance, as well as provide working capital and for general corporate purposes.

Yahoo Finance…  http://ow.ly/TEjb

Earlier stories….

MiMedx plans to raise $10M and build a high-tech production facility as it closes in on profitability

MiMedx Group Sells Upper Extremities Business

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