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MiMedx Group Announces First Quarter 2011 Results
Date:4/26/2011

tion-wide launch of EpiFix™, our amniotic tissue specifically processed to offer a wide variety of wound healing and wound care options. We believe wound care represents the greatest revenue opportunity for MiMedx among all of our products and tissues. We expect to generate revenue from our EpiFix™ wound care tissue in the second quarter. In addition, we plan to launch our amniotic tissue solution for certain pain management problems in June."

"During the quarter, our product gross margins were in line with management expectations and are expected to increase significantly as revenue increases and fixed manufacturing overhead, including quality assurance and facilities, is absorbed by increased production rates", said Bill Taylor, President and COO. "We continue to make significant investments in animal studies. We incurred approximately $222,000 in expenses during the quarter to support regulatory requirements related primarily to the CollaFix™ family of products as well as to support marketing initiatives that were launched at the American Academy of Orthopaedic Surgeons trade show in February."

Earnings CallMiMedx management will host a live broadcast of its second quarter conference call on Tuesday, April 26, 2011, beginning at 10:30 a.m. eastern time.  A listen-only simulcast of the MiMedx Group conference call will be available online at the Company's website at www.mimedx.com or at www.earnings.com.  A 30-day online replay will be available approximately one hour following the conclusion of the live broadcast.  The replay can also be found on the Company's website at www.mimedx.com or at www.earnings.com.

About the CompanyMiMedx is an integrated developer, manufacturer and marketer of patent protected biomaterial-based products and bioimplants manufa
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SOURCE MiMedx Group, Inc.
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