AVH 4.51% $2.54 avita medical inc.

Anyone remember Renovacare?

  1. 764 Posts.
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    Renovacare popped into my mind last night while I couldn't sleep. Thought I'd look up what happened with them. Apologies if this has already been shared...
    May 2021 they were charged with securities fraud (https://www.securitieslawyer101.com/2021/sec-charges-renovacare-inc-and-its-controlling-shareholder-with-securities-fraud/ )

    May 2022 they've suspended R&D on their core product. (https://www.globenewswire.com/en/news-release/2022/05/03/2434777/0/en/RenovaCare-Announces-Termination-of-StemCell-Systems-R-D-Agreement.html )

    I always thought their whole operation looked like a big scam. I remember some on these forums doing research back at the beginning of the patent dispute and what they found suggested there was no substance with the company.
 
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