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NEW YORK ( TheStreet) -- BioMimetic Therapeutics (Nasdaq: BMTI) hit a new 52-week low Friday as it is currently trading at $4.75, below its previous 52-week low of $4.99 with 360,140 shares traded as of 11:51 a.m. ET. Average volume has been 587,000 shares over the past 30 days. BioMimetic has a market cap of $146.1 million and is part of the health care sector and health services industry. Shares are down 59.7% year to date as of the close of trading on Thursday. BioMimetic Therapeutics, Inc., a biotechnology company, engages in the development and commercialization of regenerative protein therapeutic-device combination products for the treatment of musculoskeletal injuries and conditions affecting bones, tendons, ligaments, and cartilage.