AVITA Medical Appoints Joe Woody as Board Director, Lou Panaccio Retires
- New Board Appointment: AVITA Medical announces the appointment of Joe Woody as a new non-executive director, bringing over 20 years of leadership experience in the med-tech sector, which will be crucial for the company's growth trajectory.
- Leadership Transition: Lou Panaccio retires after over a decade of service, having served as Chairman and significantly shaped the company's commercial and operational strategies, ensuring stability in the market.
- Rich Industry Experience: Joe Woody's previous roles include CEO of Avanos Medical and executive positions at Acelity Holdings, enhancing the board's depth of expertise with his extensive background in the industry.
- Strategic Value Enhancement: The addition of the new director not only strengthens AVITA Medical's leadership team but also supports the company's innovation and market expansion in acute wound care solutions.
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- Soleno Stock Decline: Following a report from Scorpion Capital labeling Soleno Therapeutics' Vykat XR as overpriced and potentially unsafe for children, the stock plummeted by 7.41% to close at $71.63 on August 15, 2025, indicating significant market concerns regarding product safety.
- Avita Financial Struggles: Avita Medical revealed a backlog of unpaid claims affecting demand for its Recell product in its Q2 2025 report, leading to a 21% drop in stock price to $4.25 on August 8, 2025, highlighting major challenges in medical claims management.
- Coty's Disappointing Performance: Coty reported an unexpected loss and provided disappointing guidance for FY 2025, resulting in a 21.6% decline in stock price to $3.81 on August 21, 2025, reflecting broader market challenges and shifts in consumer behavior impacting sales.
- Legal Investigation Impact: Bragar Eagel & Squire is investigating potential federal securities law violations by these three companies, which could lead to further legal and financial repercussions, necessitating investor vigilance regarding future developments to assess potential risks.
- New Board Appointment: AVITA Medical announces the appointment of Joe Woody as a new non-executive director, bringing over 20 years of leadership experience in the med-tech sector, which will be crucial for the company's growth trajectory.
- Leadership Transition: Lou Panaccio retires after over a decade of service, having served as Chairman and significantly shaped the company's commercial and operational strategies, ensuring stability in the market.
- Rich Industry Experience: Joe Woody's previous roles include CEO of Avanos Medical and executive positions at Acelity Holdings, enhancing the board's depth of expertise with his extensive background in the industry.
- Strategic Value Enhancement: The addition of the new director not only strengthens AVITA Medical's leadership team but also supports the company's innovation and market expansion in acute wound care solutions.

- Conference Appearance: AVITA Medical CEO Cary Vance will present at the 44th Annual J.P. Morgan Healthcare Conference on January 14, 2026, at 5:15 PM, showcasing the company's innovative solutions in acute wound care, which is expected to attract investor and industry attention.
- Live Webcast: The presentation will be accessible via a live audio webcast on AVITA Medical's website, allowing global investors to stay updated on the company's latest developments, thereby enhancing transparency and investor confidence.
- Technological Advantage: AVITA Medical's RECELL® System is FDA-approved to utilize patients' own skin to accelerate wound healing and improve clinical outcomes, which is anticipated to further solidify the company's leadership position in the acute wound care market.
- International Market Expansion: The RECELL System has received multiple regulatory approvals in international markets for various applications, including thermal burns and trauma, indicating AVITA Medical's potential for growth and market opportunities on a global scale.
- Leadership Transition: On August 4, 2025, Agilon Health, Inc. announced the resignation of CEO Steven Sell, resulting in a more than 27% drop in the company's stock price during after-hours trading, indicating strong market reactions to leadership instability.
- Guidance Withdrawal: The company also withdrew its full-year 2025 earnings guidance, which surprised the market and exacerbated investor anxiety, potentially impacting future financing capabilities and market confidence.
- Legal Investigation Initiated: Bragar Eagel & Squire, P.C. is investigating whether Agilon failed to disclose material information related to the leadership transition, which could violate federal securities laws; unfavorable findings could have long-term repercussions on the company's reputation and stock price.
- Market Reaction: The stock price of Agilon was severely impacted by the leadership changes and guidance withdrawal, leading to investor concerns about the company's future profitability and stability, which may result in further capital outflows.
Analyst Upgrades: Several Wall Street analysts have upgraded their ratings on various companies, including AVITA Medical, Agios Pharmaceuticals, Nasdaq, Marsh & McLennan, and Parsons Corp.
AVITA Medical: BTIG analyst Ryan Zimmerman upgraded AVITA Medical from Sell to Neutral, with shares closing at $3.95.
Agios Pharmaceuticals: Leerink Partners analyst Andrew Berens upgraded Agios Pharmaceuticals from Market Perform to Outperform, lowering the price target from $40 to $34, with shares closing at $22.34.
Nasdaq and Marsh & McLennan: Morgan Stanley upgraded Nasdaq from Equal-Weight to Overweight, raising the price target from $97 to $110, while Barclays upgraded Marsh & McLennan from Equal-Weight to Overweight, lowering the price target from $221 to $206.

Agilon Health Investigation: Bragar Eagel & Squire, P.C. is investigating Agilon Health for potential violations of federal securities laws following the unexpected resignation of its CEO and the withdrawal of its earnings guidance, which led to a significant drop in share price.
Soleno Therapeutics Report: The law firm is also looking into Soleno Therapeutics after a report from Scorpion Capital criticized its product, Vykat XR, as overpriced and unsafe, resulting in a notable decline in the company's stock price.
AVITA Medical Claims Backlog: AVITA Medical is under investigation due to a reported backlog of unpaid claims for its Recell procedures, which negatively impacted its financial results and led to a sharp decrease in share price.
Coty's Financial Losses: Coty, Inc. is facing scrutiny after reporting an unexpected financial loss and disappointing guidance, attributed to broader market challenges, which caused its stock price to fall significantly.








