AVITA Medical And Former CEO Dr. Michael Perry Have Reached A Settlement Agreement; Dr. Perry Will Receive $1M In Settlement Payments And Both Parties Agree To A Mutual Non-Disparagement Agreement, Without The Co Admitting To Any Allegations
Portfolio Pulse from Benzinga Newsdesk
AVITA Medical, Inc. and its former CEO, Dr. Michael Perry, have reached a settlement agreement related to Dr. Perry's departure from the company. Dr. Perry will receive a total of $1M in settlement payments, and both parties have agreed to a mutual non-disparagement agreement. The company has not admitted to any allegations.
October 23, 2023 | 8:43 pm
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NEUTRAL IMPACT
AVITA Medical's settlement with its former CEO could potentially impact investor sentiment, although the company has not admitted to any allegations.
The settlement could potentially impact investor sentiment towards AVITA Medical, as it might raise questions about the company's governance and management. However, the fact that the company has not admitted to any allegations could mitigate this impact.
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