Trade Updates for Thursday, September 22nd: MDXG and MLHR
Penny stocks to watch: MDXG, MLHR
MiMedx Group (OTCBB: MDXG) is up 0.96% to $1.05. MDXG a leading producer of regenerative biomaterial products/bioimplants processed from human amniotic membrane tissue. Yesterday the companny announced a partnership with one of the nation’s top medical device, biologic and spine product provider to U.S. VA (Veteran’s Administration) and DOD markets, Affirmative Solutions. This means that MDXG is now partnering with a widely recognized Service Disabled Veteran-Owned Small Business like Affirmative Solutions, which has a proven network footprint that delivers a broad array of medical and commercial products to various MTFs (Medical Treatment Facilities). Affirmative is well positioned as a financial services support conduit, joining over 100 top VA/DOD run MTFs, as well as diverse commercial healthcare facilities throughout the U.S., to a medical device/product distribution array. Chairman and CEO of MDXG, Parker Petit, spoke of the significant market penetration into the established VA/DOD channels this move would enable, underscoring the well-established presence of Affirmative Solutions in the target space. Not only will MDXG gain direct access to all the MTFs served by Affirmative, but the company will also benefit from the reputation Affirmative has earned in the space for its excellent customer service and product quality standards. (OTCBB: MDXG), (MDXG)
Herman Miller Inc. (NASDAQ: MLHR) is up 0.06% to $16.15 after the company reported its first-quarter financial results. (NASDAQ: MLHR) (MLHR)