MiMedx expanding in Marietta, adding up to 150 jobs
Tuesday, March 10, 2015
Posted by: Angela King
Marietta biotech company MiMedx Group is expanding, with plans to add up to 150 jobs over the next two years.
MidMedx (NASDAQ: MDXG) will build out additional space at 1828 West Oak Parkway, a group of low-rise office buildings near the company's existing headquarters, where it is at capacity.
MiMedx makes regenerative biomaterials and bioimplants, processed from human amniotic membrane, to care for wounds and heal burns. The products are also used in surgery and sports medicine.
MiMedx reported fourth quarter net income of $3.8 million on revenues of almost $40 million. In a recent call with analysts, MiMedx executives talked about expanding, especially in the segment of its products focused on wound care.
MiMedx is led by Chairman and CEO Pete Petit.
In the recent negotiations for the Marietta expansion, Greg Baxendale of Jones Lang LaSalle Inc. (JLL) and Doug Eidson of Avison Young represented MiMedx, which took another 25,600 square feet at 1828 West Oak Parkway to accommodate its growth.
Nicolai Schwarzkopf and Kevin Driver of Stream Realty represented building ownership.
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Source: Atlanta Business Chronicle, http://www.bizjournals.com/atlanta/real_talk/2015/03/mimedx-expanding-in-marietta-adding-up-to-150-jobs.html?ana=twt