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AVITA Medical, Inc. (ASX:AVH)
ALERT: Price-sensitive ASX Announcement for AVH
Current share price for AVH : $1.540 -0.09 (-5.52%)+
Announcement
Release
17 Oct 2025 9:06AM
Price at Release
$1.630
Full Release
Summary
AVITA Medical, Inc. announced a change in its executive leadership, appointing Cary Vance as the Interim CEO following the departure of Jim Corbett from his roles as CEO and board member. Cary Vance, who has been on the AVITA Medical Board since 2023, brings over 30 years of healthcare industry experience to his new role. The company plans to conduct a search for a permanent CEO, considering both internal and external candidates. Additionally, AVITA Medical reported preliminary revenue of approximately $17 million for the third quarter of 2025 and is in discussions to redefine future covenants with their financial partners. AVITA Medical continues to focus on delivering innovative wound care solutions through its RECELL® System and remains committed to advancing its product portfolio and enhancing shareholder value.
Key Points
- Cary Vance appointed as Interim CEO of AVITA Medical.
- Jim Corbett departs as CEO and board member.
- AVITA Medical Board plans to search for a permanent CEO.
- Preliminary third quarter 2025 revenue expected to be $17 million.
- Discussions underway to redefine future financial covenants.
- Focus on advancing wound care solutions with RECELL® System.
IMPORTANT NOTE: This information is autogenerated and has not been reviewed for accuracy or completeness. You should refer to the full announcement here for further information.
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