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Biotech / Medical : biotech firesales

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From: tnsaf	1/2/2015 3:34:46 PM
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MDXG -15% currently; -21% at day's low so far on 6 x ADV Shares of MiMedx Group plunged Friday on the first trading day after the medical products maker announced that it had received a subpoena regarding its marketing activities and it has sued competitor Organogenesis over claims of business interference. The Marietta, Georgia, company said Wednesday that the inspector general's office of the U.S. Department of Health and Human Services had sent the subpoena in connection with a civil investigation. MiMedx said it would cooperate fully and that it keeps a "robust" compliance program.

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