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Medgenics Announces Exercise by Underwriters of Over-Allotment Option

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By Business Wirevia The Motley Fool

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Medgenics Announces Exercise by Underwriters of Over-Allotment Option

MISGAV, Israel & SAN FRANCISCO–(BUSINESS WIRE)– Medgenics, Inc. (NYSE MKT: MDGN and AIM: MEDU, MEDG) (the “Company” or “Medgenics”), the developer of a novel platform technology for the sustained production and delivery of therapeutic proteins in patients using their own tissue, today announced that, in connection with its previously announced public offering, the underwriters have exercised their option to purchase 470,000 shares of common stock at $5.24 per share and 840,000 Series 2013-A warrants (the Warrants) at $0.01 per Warrant, which allows for the purchase of 420,000 shares of Common Stock at an initial exercise price of $6.78. The Warrants are currently exercisable and will expire February 13, 2018. Further details of the Warrants were announced in a press release on February 14, 2013.

Net proceeds to Medgenics were $2,274,000, after deducting underwriting discounts.

The securities described above were sold by means of the Company’s existing shelf registration statement on Form S-3, a prospectus and related prospectus supplement, all as filed with the Securities and Exchange Commission (the “SEC“). Copies of such documents are available, on the SEC‘s website at http://www.sec.gov, and, in addition, may be obtained from Maxim Group LLC, Equity Syndicate Prospectus Department, 405 Lexington Avenue, 2nd Floor, New York, NY, 10022, or by telephone at 1-212-895-3745, or by email at syndicate@maximgrp.com.

This press release shall not constitute an offer to sell or the solicitation of an offer to buy these securities, nor shall there be any sale of these securities in any state or other jurisdiction in which such offer, solicitation or sale would be unlawful prior to the registration or qualification under the securities laws of any such state or other jurisdiction.

About Medgenics

Medgenics is developing and commercializing Biopump™, a proprietary tissue-based platform technology for the sustained production and delivery of therapeutic proteins using the patient’s own tissue for the treatment of a range of chronic diseases including anemia, hepatitis and hemophilia, among others.

Forward-looking Statements

This release contains forward-looking statements within the meaning of Section 27A of the Securities Act of 1933, Section 21E of the Securities Exchange Act of 1934 and as that term is defined in the Private Securities Litigation Reform Act of 1995, which include all statements other than statements of historical fact, including (without …read more
Source: FULL ARTICLE at DailyFinance

Business, Finance, Occupation & Industry

Medgenics to Present at the 25th Annual Roth Conference

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By Business Wirevia The Motley Fool

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Medgenics to Present at the 25 th Annual Roth Conference

MISGAV, Israel & SAN FRANCISCO–(BUSINESS WIRE)– Medgenics, Inc. (NYSE MKT: MDGN and AIM: MEDU, MEDG) (the “Company” or “Medgenics”), the developer of a novel platform technology for the sustained production and delivery of therapeutic proteins in patients using their own tissue, today announced that Andrew L. Pearlman, Ph.D., President and Chief Executive Officer of Medgenics, will deliver a corporate overview at the 25th Annual Roth Conference taking place from March 17-20, 2013 at the Ritz-Carlton Laguna Niguel in California. Dr. Pearlman’s presentation will take place on Monday, March 18th at 3:30 p.m. Pacific time.

The presentation will be webcast live and archived online at the Investors section of the Company’s website at www.medgenics.com.

The Annual Roth Conference, one of the largest of its kind in the U.S., features presentations from hundreds of growth companies, Q&A sessions, expert panels and management one-on-one/small group meetings. This event is designed to provide investors with a unique opportunity to gain insight into emerging growth companies across a variety of sectors, including Business Services, Consumer, Cleantech, Industrials & Resources, Healthcare, Metals & Mining and Technology & Media.

About Medgenics

Medgenics is developing and commercializing Biopump™, a proprietary tissue-based platform technology for the sustained production and delivery of therapeutic proteins using the patient’s own tissue for the treatment of a range of chronic diseases including anemia, hepatitis and hemophilia, among others. For more information, visit the Company’s website at www.medgenics.com.

Forward-looking Statements

This release contains forward-looking statements within the meaning of Section 27A of the Securities Act of 1933, Section 21E of the Securities Exchange Act of 1934 and as that term is defined in the Private Securities Litigation Reform Act of 1995, which include all statements other than statements of historical fact, including (without limitation) those regarding the Company’s financial position, its development and business strategy, its product candidates and the plans and objectives of management for future operations. The Company intends that such forward-looking statements be subject to the safe harbors created by such laws. Forward-looking statements are sometimes identified by their use of the terms and phrases such as “estimate,” “project,” “intend,” “forecast,” “anticipate,” “plan,” “planning, “expect,” “believe,” “will,” “will likely,” “should,” “could,” “would,” “may” or the negative of such terms and other comparable terminology. All such forward-looking statements are based on current expectations and are …read more
Source: FULL ARTICLE at DailyFinance

Business, Finance, Occupation & Industry

Medgenics Reports 2012 Financial Results

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By Business Wirevia The Motley Fool

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Medgenics Reports 2012 Financial Results

MISGAV, Israel & SAN FRANCISCO–(BUSINESS WIRE)– Medgenics, Inc. (NYSE MKT: MDGN and AIM: MEDU, MEDG) (the “Company” or “Medgenics”), the developer of a novel platform technology for the sustained production and delivery of therapeutic proteins in patients using their own tissue, today announced financial results for the fiscal year ended December 31, 2012 and the filing with the U.S. Securities and Exchange Commission (“SEC”) of the Company’s Annual Report on Form 10-K. The Form 10-K includes audited annual consolidated financial statements containing the information presented below, as well as additional information regarding the Company. The Form 10-K is available at www.sec.gov and at www.medgenics.com. It will be mailed to shareholders on or about April 2, 2013.

2012 and Recent Highlights

  • Welcomed financial industry veteran and former Chairman of UBS Financial Services Inc. Joseph J. Grano, Jr. to the Board of Directors
  • Appointed Sol J. Barer, Ph.D. as Chairman of the Board. Dr. Barer is the former Chairman and CEO of Celgene Corporation
  • Raised gross proceeds of $29.4 million in a public offering of common stock and warrants
  • Commenced a first-in-man Phase I clinical trial in Israel of INFRADURE™, sustained interferon alpha therapy, for the treatment of hepatitis C
  • Fortified the Company’s intellectual property portfolio with the addition of key patents in the U.S. and Japan covering EPODURE™, sustained erythropoietin (“EPO“) therapy, and INFRADURE, respectively
  • Convened a roundtable of 15 top liver experts and regulatory advisors from the U.S., Europe, Israel and Australia to discuss INFRADURE for the treatment of hepatitis, specifically for its potential applications in the treatment of hepatitis B and hepatitis D

Management Discussion

“During 2012 we achieved a number of milestones under our strategic plan,” stated Andrew L. Pearlman, Ph.D., Chief Executive Officer of Medgenics. “We remain focused on advancing our proprietary Biopump technology for the sustained production and delivery of therapeutic proteins from a patient’s own tissue in our lead indications of anemia and hepatitis.

“Our objective with EPODURE is to achieve recommended hemoglobin targets in patients for …read more
Source: FULL ARTICLE at DailyFinance

Business, Finance, Occupation & Industry

Medgenics Appoints Former Chairman and CEO of UBS Financial Services Joseph J. Grano, Jr. to Board o

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Medgenics Appoints Former Chairman and CEO of UBS Financial Services Joseph J. Grano, Jr. to Board of Directors

MISGAV, Israel & SAN FRANCISCO–(BUSINESS WIRE)– Medgenics, Inc. (NYSE MKT: MDGN and AIM: MEDU, MEDG) (the “Company” or “Medgenics”), the developer of a novel platform technology for the sustained production and delivery of therapeutic proteins in patients using their own tissue, announces the appointment of Joseph J. Grano, Jr. to the Company’s Board of Directors effective March 15, 2013. Mr. Grano’s appointment fills the vacancy resulting from Gary Brukardt‘s death in 2012.

Mr. Grano is Chairman and CEO of Centurion Holdings LLC, a provider of advisory services to public and private clients on all facets of business strategy and capital markets access. Previously he was Chairman and CEO of UBS Financial Services Inc. (formerly UBS/PaineWebber), subsequent to the merger between UBS and PaineWebber in 2000. Prior to joining PaineWebber he held various senior management positions at Merrill Lynch including Director of National Sales.

“We are honored to welcome Joe Grano to our Board of Directors. His considerable experience and business acumen will be invaluable assets to Medgenics as we develop our proprietary Biopump technology for the sustained production and delivery of therapeutic proteins from the patients’ own dermis. His wealth of knowledge will be a welcome addition to our Board of leading business and biotechnology executives,” stated Andrew L. Pearlman, Chief Executive Officer of Medgenics.

“I am delighted to be joining the Medgenics Board of Directors at this exciting stage of its clinical development. The Biopump technology represents a potential breakthrough in the way we treat a number of chronic diseases and conditions. I am encouraged by the multitude of opportunities this versatile platform technology can address and look forward to helping Medgenics reach the next level,” commented Mr. Grano.

Mr. Grano is the former Chairman of the Board of Governors of NASD and was a member of the NASD‘s Executive Committee. He was appointed by President George W. Bush in 2002 to serve as the Chairman of the Homeland Security Advisory Council, a position he held until August 2005.

Mr. Grano was a captain in the U.S. Special Forces (Green Berets), and is a member of the City University of New York’s Business Leadership Council and a former member of the National Board of D.A.R.E. He holds honorary Doctor of Law degrees from Pepperdine University and Babson College, as well as an honorary Doctor of Human Letters degree from Queens College. He served on the Board of Directors of the YMCA of Greater …read more
Source: FULL ARTICLE at DailyFinance