trending Market Intelligence /marketintelligence/en/news-insights/trending/tnyy7mnrphrosor5iagsbg2 content esgSubNav
In This List

Report: MiMedx facing US DOJ probe over business practices

Blog

Baird Research is Now Exclusively Available in S&P Global’s Aftermarket Research Collection

Blog

Japan M&A By the Numbers: Q4 2023

Blog

Essential IR Insights Newsletter Fall - 2023

Case Study

A Corporation Clearly Pinpoints Activist Investor Activity


Report: MiMedx facing US DOJ probe over business practices

The U.S. Justice Department is investigating whether biotech firm MiMedx Group Inc. overcharged the government for its tissue repair products, Bloomberg News reported, citing anonymous sources.

The regulator is also looking into the Georgia-based company's distribution practices, including whether it improperly recorded sales of products that were not ordered, a practice known as channel stuffing.

MiMedx said it is not aware of any such investigations, the news outlet reported citing a company statement.

MiMedx's stock price was down 10.73% to $6.99 as of 12:44 p.m. ET on Feb. 26.