Sign Up
Stories
Avid Bioservices Financial Turmoil
Share
ABIO ARCA Revenue Analysis
ARCA Biopharma Revenue Insights
AbbVie's Healthcare Acquisitions
BioRestorative Therapies Inc (BRTX) Stoc...
Overview
API
Avid Bioservices, Inc. (CDMO) faces financial turmoil after revealing the misclassification of notes, leading to the restatement of its financial performance. The company grapples with challenges involving $143.8 million of exchangeable senior notes and a notable share price decline. Legal scrutiny intensifies as Hagens Berman investigates potential investor deception.
Ask a question
How might the financial restatement impact Avid Bioservices' reputation in the market?
What broader implications could this investigation have on the biopharmaceutical industry as a whole?
What measures could Avid Bioservices take to regain investor trust amidst the ongoing challenges?
Article Frequency
0.2
0.4
0.6
0.8
1.0
Jan 2024
Feb 2024
Mar 2024
Coverage