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MDXG

MiMedx

$12.35

-0.28 (-2.22%)

07:06
09/26/17
09/26
07:06
09/26/17
07:06

MiMedx announces confidential lawsuit settlement with terminated employee

MiMedx Group announced that the Company has agreed to a confidential lawsuit settlement from one terminated employee. MiMedx has settled its lawsuit with former employee, Harold Purdy. In this settlement, Purdy has agreed to pay a substantial six figure settlement to MiMedx as restitution and to reimburse litigation expenses. Harold Purdy said, "Although I originally filed counter-claims, I learned through the discovery process that I was incorrect. I am therefore dismissing those claims and we have settled this case, and I apologize for my error. I do not have any personal knowledge about alleged 'channel-stuffing' by the Company." In fact, in sworn testimony, Purdy admitted that all of the MiMedx product he sold into his accounts was used, was not returned, and ordering patterns in the following months were not affected.

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    Nov

MDXG MiMedx
$12.35

-0.28 (-2.22%)

09/22/17
PIPR
09/22/17
NO CHANGE
Target $18
PIPR
Overweight
MiMedx shares offer 'highly attractive entry point,' says Piper Jaffray
Piper Jaffray analyst Matt O'Brien believes the recent pullback in shares in MiMedx Group brings a "highly attractive entry point." Short reports can have a dramatic impact in the short term, but generally end up immaterial, O'Brien tells investors in a research note after MiMedx hosted a business update call and addressed the recent reports. He believes the company has multiple catalysts to drive "significant" revenue growth in the coming years and drive the multiple higher as it transitions to a biopharma company. O'Brien has an Overweight rating on MiMedx with an $18 price target.
09/06/17
NEED
09/06/17
NO CHANGE
NEED
MiMedx should get revenue boost from VLU indication, says Needham
After MiMedx announced that its venous leg ulcer, or VLU, randomized controlled trial was accepted for publication in The International Wound Journal, Needham analyst Mike Matson thinks the results are favorable versus a competing treatment, Organogenesis Apligraf. He estimates that coverage of the VLU indication could generate $75M-$150M of incremental revenue for MiMedx in 2018. He raised his price target on the shares to $21 from $20 and keeps a Strong Buy rating on the stock.
09/05/17
PIPR
09/05/17
NO CHANGE
PIPR
Overweight
MiMedx yearly guidance likely to be raised with Q3 release, says Piper Jaffray
Piper Jaffray analyst Matt O'Brien noted the strong momentum MiMedx saw in the first half has continued into Q3. While the company said it sees beating its Q3 revenue guidance but left its full year view unchanged for now, he "fully" expects guidance will be raised with its Q3 report. O'Brien recommends investors become increasingly aggressive on pullbacks in MiMedx and keeps an Overweight rating on the shares.
08/31/17
PIPR
08/31/17
NO CHANGE
PIPR
Overweight
Piper says MiMedx study publication provides 'ammuntion' in insurance fight
Piper Jaffray analyst Matt O'Brien believes MiMedx has one of the best products for treating Venous Leg Ulcers, or VLUs, and he sees the publication of their latest peer-reviewed clinical study as "more ammunition" as the company lobbies insurance providers to pay in these cases. With peer-reviewed data in hand, he sees the company announcing positive coverage decisions in the coming quarters, he tells investors. O'Brien keeps an Overweight rating on MiMedx and recommends investors get "increasingly aggressive" on any pullbacks.

TODAY'S FREE FLY STORIES

STLD

Steel Dynamics

$37.78

1.34 (3.68%)

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RXDX

Ignyta

$16.65

0.4 (2.46%)

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PG

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$91.59

-0.4904 (-0.53%)

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General Electric

$23.58

0.46 (1.99%)

20:25
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Earnings
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WILC

G. Willi-Food

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-0.14 (-2.34%)

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MIC

Macquarie Infrastructure

$71.26

-0.46 (-0.64%)

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  • 02

    Nov

BIDU

Baidu

$264.52

-4.45 (-1.65%)

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IBKC

Iberiabank

$80.15

0.05 (0.06%)

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VBTX

Veritex

$27.04

-0.02 (-0.07%)

18:20
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  • 24

    Oct

BHP

BHP Billiton

$41.56

0.06 (0.14%)

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DRRX

Durect

$1.97

0.03 (1.55%)

17:59
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TTNP

Titan Pharmaceuticals

$1.90

-0.1 (-5.00%)

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MSA

MSA Safety

$82.20

1.37 (1.69%)

17:46
10/19/17
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17:46
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17:46
Earnings
MSA Safety reports Q3 EPS 92c, consensus 80c »

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  • 20

    Oct

SKX

Skechers

$24.03

-1.06 (-4.22%)

, CAI

CAI International

$31.38

-0.05 (-0.16%)

17:41
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On The Fly: After Hours Movers »

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SKX

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$24.03

-1.06 (-4.22%)

CAI

CAI International

$31.38

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PYPL

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MXIM

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0.24 (0.48%)

IMDZ

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NCR

NCR Corp.

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TACO

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ATHN

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ISRG

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CELG

Celgene

$135.96

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PBMD

Prima BioMed

$2.36

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AAXN

Axon

$24.62

-0.37 (-1.48%)

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DGX

Quest Diagnostics

$93.23

1.18 (1.28%)

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AAXN

Axon

$24.62

-0.37 (-1.48%)

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BPMX

BioPharmX

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Syndicate
Breaking Syndicate news story on BioPharmX »

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MBVX

MabVax Therapeutics

$0.74

0.0248 (3.47%)

17:29
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Syndicate
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IBKC

Iberiabank

$80.15

0.05 (0.06%)

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DRRX

Durect

$1.97

0.03 (1.55%)

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QCP

Quality Care Properties

$16.26

0.07 (0.43%)

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FTR

Frontier Communications

$11.48

0.02 (0.17%)

, CHH

Choice Hotels

$68.45

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FTR

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$11.48

0.02 (0.17%)

CHH

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$68.45

0.25 (0.37%)

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DRIO

DarioHealth

$1.98

-0.2 (-9.17%)

17:16
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Breaking Syndicate news story on DarioHealth  »

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CUBI

Customers Bancorp

$33.16

0.46 (1.41%)

17:11
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Customers Bancorp to spin off BankMobile business »

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  • 06

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MVC

MVC Capital

$10.40

0.08 (0.78%)

17:07
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MVC Capital: Glass Lewis, Egan-Jones against proposal to cease new investments »

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  • 31

    Oct

CELG

Celgene

$135.96

-1.21 (-0.88%)

17:05
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