MiMedx Appoints Chief Compliance Officer

MiMedx Group Inc., a developer and marketer of regenerative and therapeutic biologics, has appointed Mark P. Graves as chief compliance officer. Graves will be responsible for providing direction and oversight of MiMedx’s compliance program, including the company’s regulatory and legal compliance matters related to its risk management, sales operations and financial reporting. Graves will report to Ed Borkowski, the company’s executive vice president and interim chief financial officer on a daily basis. He will also report directly to the newly formed Ethics and Compliance Committee of the Board of Directors.
 
“We are implementing plans to improve our corporate compliance practices in order to ensure our company adheres to policies with the highest integrity, ethics and legal standards,” said David Coles, interim CEO of MiMedx. “Mark has a strong background in driving compliance strategy, risk awareness, training, and crafting effective policy. He will help MiMedx apply and execute on best-in-class compliance standards that reflect our commitment to enhancing value for all stakeholders. We are pleased to welcome him to our organization.”
 
Graves brings more than 20 years of pharmaceutical and biotech industry experience to MiMedx, ranging from compliance and sales management to government affairs. He most recently was the U.S. leader for the global Patient Experience & Value function in the neurology division of UCB Inc., a biopharmaceutical company. From 2011 to 2015, he was UCB’s deputy compliance officer involved in all aspects of compliance, including the implementation and management of its corporate integrity agreement. Prior to that, Graves was senior director in the Office of Ethics and Compliance for the Pharmaceutical Products Division of Abbott Laboratories, as well as deputy ethics and compliance officer for Takeda Pharmaceuticals North America Inc. and TAP Pharmaceutical Products Inc. Prior to his pharmaceutical and biotech career, he practiced labor and employment law.
 
Graves has a bachelor of arts degree in criminology and law, and a J.D. from the University of Florida as well as an M.B.A. from the University of Chicago Booth School of Business.
 
The Audit Committee and the company are developing and implementing corrective measures to improve MiMedx’s accounting and internal control practices. As part of this initiative, and as noted in June, the MiMedx Board of Directors established an Ethics and Compliance Committee, which includes independent directors Luis A. Aguilar and Neil S. Yeston, M.D. The company also is conducting a formal search to fill the newly established positions of chief accounting officer and internal auditor.
 
MiMedx is a biopharmaceutical company developing and marketing regenerative and therapeutic biologics utilizing human placental tissue allografts with patent-protected processes for multiple sectors of healthcare. “Innovations in Regenerative Medicine” is the framework behind the company’s mission to give physicians products and tissues to help the body heal itself. The company processes the human placental tissue utilizing its proprietary PURION Process methodology, among other processes, to produce safe and effective allografts by employing aseptic processing techniques in addition to terminal sterilization. MiMedx has supplied over 1.3 million allografts to date for application in the wound care, burn, surgical, orthopedic, spine, sports medicine, ophthalmic and dental sectors of healthcare.