MARIETTA, GA – MiMedx Group, Inc. (OTC Bulletin Board: MDXG), an integrated developer, manufacturer and marketer of patent protected biomaterial-based products says it plans to raise $5 million through a Private Investment in Public Equity (PIPE) offering.

he net proceeds of the offering will be used to provide working capital for the Company’s expanded global sales and marketing initiatives for its HydroFix Vaso Shield and HydroFix Spine Shield products.

It will also facilitate further development activities related to advancing the company’s other HydroFix technology platform products and its multiple CollaFix technology platform products through the regulatory process.

HydroFix is a durable, permanent, and synthetic biomaterial, designed for multiple orthopedic soft tissue applications.

The company completed a $5 million PIPE in 2009.

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Tags: biomaterials, GA, Marietta, MiMedx Group, PIPE