Australia's Polynovo recovers slightly from massive sell-off

Polynovo

10/03/2025 24:38

** Shares of Australia's Polynovo PNV.AX add 5% to A$1.26

** Stock rebounds after ending over 13% lower on Friday

** Polynovo slumped on Friday on confirmation of a media report that suggested chair David Williams was the subject of an independent probe into the alleged bullying of company executives, including CEO Swami Raote and CFO Jan Gielen

** PNV, on Friday, clarified that it had engaged counsel in October 2024 to hold discussions with some management members and chair

** Stock down 39% YTD

 (Reporting by Rishav Chatterjee in Bengaluru)

 ((Rishav.Chatterjee@thomsonreuters.com;))