MARIETTA, Ga., Oct. 17, 2017 /PRNewswire/ -- MiMedx Group, Inc. (NASDAQ: MDXG), the leading biopharmaceutical company developingand marketing regenerative and therapeutic biologics utilizing human placental tissue allografts and patent-protected processes for multiple sectors of healthcare, warned today that certain individuals or entities not associated with the Company are
The Company is aware of at least one instance in which emails were sent by someone using the CEO's name and a Gmail account that had not, in fact, been set up by that Company executive. The emails were sent to an analyst who reports on the Company. The Company warns that any emails purporting to be from Company executives from non-MiMedx email accounts should be viewed skeptically. The Company encourages anyone who has received a suspicious email to notify the Company. This type of impersonation is quite unusual, and it is a crime. The Company has turned the investigation over to the authorities.
Parker H. "Pete" Petit, Chairman and CEO, commented, "We believe this activity is related to the recent short seller attacks on the Company. This particular group of short sellers continues to resort to ridiculous and unscrupulous means to attempt to do damage to MiMedx. Of course, their ultimate goal is to depress the price of our stock. However, by impersonating me in emails to our analysts, with comments that create insecurity relative to our Company's performance or my ethics and integrity, is reprehensible and unlawful. We have also seen other indications of unlawful activity. The Company will continue to quietly go about its investigation of all these issues in a professional manner, and if and when we find violations of laws or regulations, they will be turned over to the proper authorities."
Petit continued, "Within reason, we will continue to update our website with facts that refute some of the allegations. However, as we stated, the allegations are becoming quite bizarre and are not relevant to any MiMedx related business processes or relationships. Reasonable professionals trying to make points that regulators will review will present credible information from credible sources. That has not happened in our case."
About MiMedxMiMedx® is the leading biopharmaceutical company developing and marketing regenerative and therapeutic biologics utilizing human placental tissue allografts with patent-protected processes for multiple sectors of healthcare. "Innovations in Regenerative Medicine" is the framework behind our mission to give physicians products and tissues to help the body heal itself. We process the human placental tissue utilizing our proprietary PURION® Process among other processes, to produce safe and effective allografts. MiMedx proprietary processing methodology employs aseptic processing techniques in addition to terminal sterilization. MiMedx is the leading supplier of placental tissue, having supplied over 1,000,000 allografts to date for application in the Wound Care, Burn, Surgical, Orthopedic, Spine, Sports Medicine, Ophthalmic and Dental sectors of healthcare. For additional information, please visit www.mimedx.com.
Important Cautionary StatementThis press release includes forward-looking statements, including statements regarding the Company's belief that there is a connection between the establishment of fake email accounts and short sell attacks. These statements also may be identified by words such as "believe," "except," "may," "plan," "potential," "will" and similar expressions, and are based on our current beliefs and expectations. Forward-looking statements are subject to significant risks and uncertainties, and we caution investors against placing undue reliance on such statements. Actual results may differ materially from those set forth in the forward-looking statements. Among the risks and uncertainties that could cause actual results to differ materially from those indicated by such forward-looking statements include the risk that different or additional facts may be discovered that change conclusions. For more detailed information on the risks and uncertainties, please review the Risk Factors section of our most recent annual report or quarterly report filed with the Securities and Exchange Commission. Any forward-looking statements speak only as of the date of this press release and we assume no obligation to update any forward-looking statement.
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SOURCE MiMedx Group, Inc.
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