AVH 0.80% $2.52 avita medical inc.

Anyone remember Renovacare?, page-8

  1. 764 Posts.
    lightbulb Created with Sketch. 326
    Oh, a few years back there was some drama because Renovacare fraudulently got a patent issued for effectively a copy of Avita Medical's technology. Then they went around pumping their stock saying they had this "innovative" approach to burns care that they had "invented". Avita appealed the issue of the patent but, if I recall correctly, were unsuccessful because that's not really how things are done with patents (typically patents are challenged by filing an infringement, not appealing their being issued in the first place). I think Renovacare were exploiting a bit of a loophole in how the patent system works and put Avita in a really unfortunate position.

    So the tldr is Renovacare pretended Avita Medical's invention was their own in order to pump stock in a worthless, fake company - and a lot of people fell for it.
 
watchlist Created with Sketch. Add AVH (ASX) to my watchlist
(20min delay)
Last
$2.52
Change
0.020(0.80%)
Mkt cap ! $156.7M
Open High Low Value Volume
$2.48 $2.56 $2.46 $1.044M 416.7K

Buyers (Bids)

No. Vol. Price($)
1 7910 $2.52
 

Sellers (Offers)

Price($) Vol. No.
$2.55 7698 2
View Market Depth
Last trade - 16.10pm 27/05/2024 (20 minute delay) ?
Last
$2.53
  Change
0.020 ( 0.12 %)
Open High Low Volume
$2.49 $2.55 $2.49 25185
Last updated 15.56pm 27/05/2024 ?
AVH (ASX) Chart
arrow-down-2 Created with Sketch. arrow-down-2 Created with Sketch.