What MiMedx Group Inc (NASDAQ:MDXG) Is Forecasting from Cannacord Genuity, Inc

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Las Vegas, NV -- (SBWIRE) -- 12/19/2013 -- MiMedx Group Inc (NASDAQ:MDXG) conducts the business of developing and commercializing regenerative biomaterial products. The main source of these products is human amniotic membrane. The company offers technologies like tissue technology, HydroFix and CollaFix, AmnioFix and EpiFix. the company has a pool of donated placentas through which it gathers human amniotic membrane. the company supplied tissues and products to over a hundred thousand distributers till date.

MDXG signed an underwriting contract with Cannacord Genuity, Inc. to sell 5,000,000 common stock shares having par value of $0.001. The public will receive shares at $6.80 price. The company expects to collect around $31.6 million as net proceeds.

MDXG says that it will pay $350,000 as discounts and fees to the underwriter. The underwriters can acquire up to 750,000 additional shares.

To find out what OTCMAGIC projects for MiMedx Group Inc for both short term and long term please click here: MDXG

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