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Prescience Point Capital Launches Proxy Fight To Change MiMedx's Board

 
• By Barnaby Pickering

Prescience Point Capital is trying to reshuffle the board of directors leading regenerative medicine company MiMedx, arguing the company’s current board has destroyed shareholder value. The company's tock is selling for about a third of its potential value, according to Prescience.

4D Chess
• Source: Alamy

In a scathing letter to fellow MiMedx Group shareholders, Prescience Point Capital accused the regenerative medicine company’s current board with “failing to effectively convey the potential” of its AmnioFix membrane allograft. 

Prescience Point Capital own approximately 8.1% of the outstanding shares of MiMedx, making it one of the largest shareholders. The company's share price was around $3.00 per share when Prescience...

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