Miromatrix Medical Inc.

General Information

Our mission: Eliminate the organ transplant waiting list.

We are a life sciences company pioneering a novel technology for bioengineering fully transplantable human organs to help save and improve patients’ lives. Organ disease is a major public health issue. According to the American Transplant Foundation there are an estimated 114,000 people in the United States waiting for a lifesaving organ transplant, and on average 20 people die daily due to lack of available organs. We have developed a proprietary perfusion technology platform for bioengineering organs that we believe will efficiently scale to address the shortage of available human organs. Our initial development focus is on human livers and kidneys, and we have demonstrated the ability to bioengineer these organs with functional vasculature and important organ function in preclinical studies. In addition, we believe our technology platform will be able to develop other organs, including lungs, pancreas, and hearts. We have collaborations with the Mayo Clinic, Mount Sinai and the Texas Heart Institute, and our strategic investors include DaVita, Baxter and CareDx.

Our proprietary perfusion decellularization and recellulariziation technology harnesses the powerful evolutionary forces shaping complex organ development and the regenerative capabilities of living human cells. We believe the organs we are developing could have significant functional and immunological advantages compared to other organ development techniques which rely on the genetic modification of animals cells, such as xenotransplantation. Our perfusion decellularization and recellularization technology platform includes 118 issued and 35 pending patent applications, with protection in the United States and major markets worldwide.

(Note: Miromatrix increased the number of shares – to 4.8 million at pricing from 4.0 million in the prospectus – and priced its IPO on June 24, 2021, at $9 – the high end of its $7-to-$9 range – to raise $43.2 million.)

Employees: 36
Founded: 2009
Contact Information
Address 10399 West 70th Street Eden Prairie, MN 55344
Phone Number (952) 942-6000
Web Address http://www.miromatrix.com/
View Prospectus: Miromatrix Medical Inc.
Financial Information
Market Cap $142.16mil
Revenues $0.05 mil (last 12 months)
Net Income $-10.3 mil (last 12 months)
IPO Profile
Symbol MIRO
Exchange NASDAQ
Shares (millions): 4.8
Price range $9.00 - $9.00
Est. $ Volume $43.2 mil
Manager / Joint Managers Craig-Hallum
CO-Managers -
Expected To Trade: 6/24/2021
Status: Priced
Quiet Period Expiration Date:
Lock-Up Period Expiration Date:
SCOOP Rating
Rating Change