Brief: Avid Bioservices Has Identified A Material Weakness In Internal Control Over Financial Reporting

Avid Bioservices

12/03/2024 20:57

March 12 (Reuters) - Avid Bioservices Inc  CDMO.O :
    * AVID BIOSERVICES INC: HAS IDENTIFIED A MATERIAL WEAKNESS
IN
INTERNAL CONTROL OVER FINANCIAL REPORTING
    * AVID BIOSERVICES : AS A RESULT OF CLASSIFICATION OF 2026
NOTES,
FINANCIALS INCLUDED IN RELEVANT REPORTS SHOULD NO LONGER BE
RELIED UPON
    * AVID BIOSERVICES INC: HAS CONCLUDED THAT COMPANY'S
DISCLOSURE
CONTROLS AND PROCEDURES WERE NOT EFFECTIVE AT REASONABLE
ASSURANCE LEVEL
    * AVID BIOSERVICES INC: PLANS TO PRESENT RESTATED FINANCIALS
FOR
CERTAIN OF RELEVANT PERIODS IN AN AMENDMENT TO FY 2023 10-K

Source text for Eikon:  ID:n0001683168-24-001433 
Further company coverage:  CDMO.O 

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