{"id":724583,"date":"2023-01-19T16:17:35","date_gmt":"2023-01-19T21:17:35","guid":{"rendered":"https:\/\/www.marketnewsdesk.com\/index.php\/avita-medical-announces-management-changes-and-fourth-quarter-2022-earnings-conference-call\/"},"modified":"2023-01-19T16:17:35","modified_gmt":"2023-01-19T21:17:35","slug":"avita-medical-announces-management-changes-and-fourth-quarter-2022-earnings-conference-call","status":"publish","type":"post","link":"https:\/\/www.marketnewsdesk.com\/index.php\/avita-medical-announces-management-changes-and-fourth-quarter-2022-earnings-conference-call\/","title":{"rendered":"AVITA Medical Announces Management Changes and Fourth Quarter 2022 Earnings Conference Call"},"content":{"rendered":"<div class=\"mw_release\">\n<p>VALENCIA, Calif. and MELBOURNE, Australia, Jan.  19, 2023  (GLOBE NEWSWIRE) &#8212; AVITA Medical, Inc. (NASDAQ: RCEL, ASX: AVH) (\u201cAVITA Medical\u201d or the \u201cCompany\u201d), a regenerative medicine company leading the development and commercialization of first-in-class devices and autologous cellular therapies for skin restoration, announced today changes to its management structure designed to advance its strategic growth plans and accelerate execution under recently appointed Chief Executive Officer, James Corbett. To align with AVITA Medical\u2019s new operating structure, the following organizational changes will be effective January 19, 2023:<\/p>\n<ul type=\"disc\">\n<li>Product development, operations, and regulatory affairs will report directly to the CEO. James Corbett has over 30 years of extensive experience managing and building these business functions. These organizational changes are designed to streamline AVITA Medical\u2019s operations in order to advance its strategic growth plans and drive sustained growth.<\/li>\n<li>As part of this transition, Chief Operating Officer, Kathy McGee, will be leaving the organization. The Company does not plan to replace the role of Chief Operating Officer.<\/li>\n<\/ul>\n<p>In addition to the aforementioned organizational changes, Chief Financial Officer, Michael Holder, has announced his departure, effective January 19, 2023. The Company is initiating an external search for a new Chief Financial Officer with the capabilities and qualifications necessary to help accelerate its growth strategies. During this transition period, the Company\u2019s Senior Vice President of Finance, Sean Ekins, will serve as interim CFO.<\/p>\n<p>\u201cAVITA Medical is well positioned to execute on a commercial growth strategy with imminent new indications that will allow us to continue improving the lives of and outcomes for our patients,\u201d said James Corbett, CEO of AVITA Medical. \u201cThese changes flatten our organization, increase collaboration, and improve business functionality, which will allow us to deliver results quickly and efficiently. Further, the realignment will allow the operational flexibility needed to drive the changes necessary to advance AVITA Medical\u2019s strategic growth plans. On behalf of the Board and AVITA Medical\u2019s management team, I would like to thank Michael and Kathy for their significant contributions during their respective tenures.\u201d<\/p>\n<p>\n        <strong>Conference Call and Webcast Information<\/strong>\n      <\/p>\n<p>The Company will report its fourth quarter 2022 financial results after the close of the U.S. financial markets on Thursday, February 23, 2023. Following the earnings release, AVITA Medical will host a conference call and webcast at 1:30 p.m. Pacific Time (Friday, February 24, 2023, at 8:30 a.m. Australian Eastern Daylight Time). During the call, the Company will communicate its financial results, business highlights, and the following:<\/p>\n<ul type=\"disc\">\n<li>Revenue guidance for the first quarter 2023<\/li>\n<li>Revenue guidance for the full year 2023<\/li>\n<\/ul>\n<p>Authorized for release by the Chief Executive Officer of AVITA Medical, Inc.<\/p>\n<p>\n        <strong>ABOUT AVITA MEDICAL, INC.<\/strong><br \/>\n        <br \/>AVITA\u202fMedical\u00ae is a regenerative medicine company leading the development and commercialization of devices and autologous cellular therapies for skin restoration. The RECELL\u00ae System technology platform, approved by the FDA for the treatment of acute thermal burns in both adults and children, harnesses\u202fthe regenerative properties of a patient\u2019s own skin to create Spray-On Skin\u2122 cells. Delivered at the point-of-care, RECELL enables improved clinical outcomes and validated cost savings. RECELL is the catalyst of a new treatment paradigm and AVITA Medical is leveraging its proven and differentiated capabilities to develop first-in-class cellular therapies for multiple indications, including soft tissue repair and repigmentation of stable vitiligo lesions.<\/p>\n<p>AVITA Medical\u2019s first U.S. product, the RECELL System, was approved by the U.S. Food and Drug Administration (FDA) in September 2018. The RECELL System is approved for acute partial-thickness thermal burn wounds in patients 18 years of age and older or application in combination with meshed autografting for acute full-thickness thermal burn wounds in pediatric and adult patients. In February 2022, the FDA reviewed and approved the PMA supplement for RECELL Autologous Cell Harvesting Device, an enhanced RECELL System aimed at providing clinicians a more efficient user experience and simplified workflow.<\/p>\n<p>The RECELL System is used to prepare Spray-On Skin\u2122 Cells using a small amount of a patient\u2019s own skin, providing a new way to treat severe burns, while significantly reducing the amount of donor skin required. The RECELL System is designed to be used at the point of care alone or in combination with autografts depending on the depth of the burn injury. Compelling data from randomized, controlled clinical trials conducted at major U.S. burn centers and real-world use in more than 15,000 patients globally, reinforce that the RECELL System is a significant advancement over the current standard of care for burn patients and offers benefits in clinical outcomes and cost savings. Healthcare professionals should read the INSTRUCTIONS FOR USE &#8211; RECELL Autologous Cell Harvesting Device (<a href=\"https:\/\/www.globenewswire.com\/Tracker?data=mnwmMwNxkwEWCRsRor0tJMuO1T0bfwelkw0VluO0BsVtZF_oKBcIuhGv61KSFYD3CRthtu1gaegUnh8hzyQRbDUtkrmaig62EMlxik5KjyE=\" rel=\"nofollow noopener\" target=\"_blank\">https:\/\/recellsystem.com<\/a>) for a full description of indications for use and important safety information including contraindications, warnings, and precautions.<\/p>\n<p>In international markets, our products are approved under the RECELL System brand to promote skin healing in a wide range of applications including burns, soft tissue repair, vitiligo, and aesthetics. The RECELL System is TGA-registered in Australia, received CE-mark approval in Europe and has PMDA approval in Japan.<\/p>\n<p>To learn more, visit <a href=\"https:\/\/www.globenewswire.com\/Tracker?data=dkgbq901MRiX_E173_NdfIJuYeCtAlCIWhvhyECJGrvPKGiMWXzChaxe1iNAIq4E0JKL3L6YYvu4B7fmn7WRAyr3NcOSZsE_DsMtONyymco=\" rel=\"nofollow noopener\" target=\"_blank\">www.avitamedical.com<\/a>.<\/p>\n<p>\n        <strong>FOR FURTHER INFORMATION:<\/strong>\n      <\/p>\n<table style=\"border-collapse: collapse;width:100%;border-collapse:collapse\">\n<tr>\n<td style=\"max-width:34%;width:34%;min-width:34%;border-top: solid black 1pt;border-right: solid black 1pt;border-bottom: solid black 1pt;border-left: solid black 1pt;vertical-align: middle;text-align: left;padding-left: 10.0px\">\n            <strong>Investors &amp; Media<\/strong><br \/>\n            <br \/>\n            <strong>AVITA Medical, Inc.<\/strong><br \/>\n            <br \/>Jessica Ekeberg<br \/>Phone +1-661-904-9269 <br \/><a href=\"mailto:investor@avitamedical.com\" rel=\"nofollow noopener\" target=\"_blank\">investor@avitamedical.com<\/a><br \/><a href=\"mailto:media@avitamedical.com\" rel=\"nofollow noopener\" target=\"_blank\">media@avitamedical.com<\/a><a href=\"mailto:media@avitamedical.com\" rel=\"nofollow noopener\" target=\"_blank\"><\/p>\n<p><\/a><\/td>\n<td style=\"max-width:66%;width:66%;min-width:66%;vertical-align: middle;text-align: left;padding-left: 10.0px\">\u00a0<\/td>\n<\/tr>\n<\/table>\n<p>      <img decoding=\"async\" class=\"__GNW8366DE3E__IMG\" src=\"https:\/\/www.globenewswire.com\/newsroom\/ti?nf=ODczMzEwNSM1MzY0OTkyIzIxODE1MTA=\" \/><br \/>\n      <br \/>\n      <img decoding=\"async\" src=\"https:\/\/ml.globenewswire.com\/media\/YWEyN2U3ZGEtNjliMy00NGYwLWFlODUtZTE2ZWZkOGNkODJjLTExOTMwNzk=\/tiny\/AVITA-Medical.png\" \/>\n    <\/div>\n<div class=\"mw_contactinfo\"><\/div>\n","protected":false},"excerpt":{"rendered":"<p>VALENCIA, Calif. and MELBOURNE, Australia, Jan. 19, 2023 (GLOBE NEWSWIRE) &#8212; AVITA Medical, Inc. (NASDAQ: RCEL, ASX: AVH) (\u201cAVITA Medical\u201d or the \u201cCompany\u201d), a regenerative medicine company leading the development and commercialization of first-in-class devices and autologous cellular therapies for skin restoration, announced today changes to its management structure designed to advance its strategic growth plans and accelerate execution under recently appointed Chief Executive Officer, James Corbett. To align with AVITA Medical\u2019s new operating structure, the following organizational changes will be effective January 19, 2023: Product development, operations, and regulatory affairs will report directly to the CEO. James Corbett has over 30 years of extensive experience managing and building these business functions. These organizational changes are designed to streamline AVITA &hellip; <\/p>\n<p class=\"link-more\"><a href=\"https:\/\/www.marketnewsdesk.com\/index.php\/avita-medical-announces-management-changes-and-fourth-quarter-2022-earnings-conference-call\/\" class=\"more-link\">Continue reading<span class=\"screen-reader-text\"> &#8220;AVITA Medical Announces Management Changes and Fourth Quarter 2022 Earnings Conference Call&#8221;<\/span><\/a><\/p>\n","protected":false},"author":2,"featured_media":0,"comment_status":"closed","ping_status":"closed","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[],"tags":[],"class_list":["post-724583","post","type-post","status-publish","format-standard","hentry"],"yoast_head":"<!-- This site is optimized with the Yoast SEO plugin v27.8 - https:\/\/yoast.com\/product\/yoast-seo-wordpress\/ -->\n<title>AVITA Medical Announces Management Changes and Fourth Quarter 2022 Earnings Conference Call - Market Newsdesk<\/title>\n<meta name=\"robots\" content=\"index, follow, max-snippet:-1, max-image-preview:large, max-video-preview:-1\" \/>\n<link rel=\"canonical\" href=\"https:\/\/www.marketnewsdesk.com\/index.php\/avita-medical-announces-management-changes-and-fourth-quarter-2022-earnings-conference-call\/\" \/>\n<meta property=\"og:locale\" content=\"en_US\" \/>\n<meta property=\"og:type\" content=\"article\" \/>\n<meta property=\"og:title\" content=\"AVITA Medical Announces Management Changes and Fourth Quarter 2022 Earnings Conference Call - Market Newsdesk\" \/>\n<meta property=\"og:description\" content=\"VALENCIA, Calif. and MELBOURNE, Australia, Jan. 19, 2023 (GLOBE NEWSWIRE) &#8212; AVITA Medical, Inc. (NASDAQ: RCEL, ASX: AVH) (\u201cAVITA Medical\u201d or the \u201cCompany\u201d), a regenerative medicine company leading the development and commercialization of first-in-class devices and autologous cellular therapies for skin restoration, announced today changes to its management structure designed to advance its strategic growth plans and accelerate execution under recently appointed Chief Executive Officer, James Corbett. To align with AVITA Medical\u2019s new operating structure, the following organizational changes will be effective January 19, 2023: Product development, operations, and regulatory affairs will report directly to the CEO. James Corbett has over 30 years of extensive experience managing and building these business functions. 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(NASDAQ: RCEL, ASX: AVH) (\u201cAVITA Medical\u201d or the \u201cCompany\u201d), a regenerative medicine company leading the development and commercialization of first-in-class devices and autologous cellular therapies for skin restoration, announced today changes to its management structure designed to advance its strategic growth plans and accelerate execution under recently appointed Chief Executive Officer, James Corbett. To align with AVITA Medical\u2019s new operating structure, the following organizational changes will be effective January 19, 2023: Product development, operations, and regulatory affairs will report directly to the CEO. James Corbett has over 30 years of extensive experience managing and building these business functions. These organizational changes are designed to streamline AVITA &hellip; Continue reading \"AVITA Medical Announces Management Changes and Fourth Quarter 2022 Earnings Conference Call\"","og_url":"https:\/\/www.marketnewsdesk.com\/index.php\/avita-medical-announces-management-changes-and-fourth-quarter-2022-earnings-conference-call\/","og_site_name":"Market Newsdesk","article_published_time":"2023-01-19T21:17:35+00:00","og_image":[{"url":"https:\/\/www.globenewswire.com\/newsroom\/ti?nf=ODczMzEwNSM1MzY0OTkyIzIxODE1MTA=","type":"","width":"","height":""}],"author":"Newsdesk","twitter_card":"summary_large_image","twitter_misc":{"Written by":"Newsdesk","Est. reading time":"4 minutes"},"schema":{"@context":"https:\/\/schema.org","@graph":[{"@type":"Article","@id":"https:\/\/www.marketnewsdesk.com\/index.php\/avita-medical-announces-management-changes-and-fourth-quarter-2022-earnings-conference-call\/#article","isPartOf":{"@id":"https:\/\/www.marketnewsdesk.com\/index.php\/avita-medical-announces-management-changes-and-fourth-quarter-2022-earnings-conference-call\/"},"author":{"name":"Newsdesk","@id":"https:\/\/www.marketnewsdesk.com\/#\/schema\/person\/482f27a394d4fda80ecb5499e519d979"},"headline":"AVITA Medical Announces Management Changes and Fourth Quarter 2022 Earnings Conference Call","datePublished":"2023-01-19T21:17:35+00:00","mainEntityOfPage":{"@id":"https:\/\/www.marketnewsdesk.com\/index.php\/avita-medical-announces-management-changes-and-fourth-quarter-2022-earnings-conference-call\/"},"wordCount":856,"image":{"@id":"https:\/\/www.marketnewsdesk.com\/index.php\/avita-medical-announces-management-changes-and-fourth-quarter-2022-earnings-conference-call\/#primaryimage"},"thumbnailUrl":"https:\/\/www.globenewswire.com\/newsroom\/ti?nf=ODczMzEwNSM1MzY0OTkyIzIxODE1MTA=","inLanguage":"en-US"},{"@type":"WebPage","@id":"https:\/\/www.marketnewsdesk.com\/index.php\/avita-medical-announces-management-changes-and-fourth-quarter-2022-earnings-conference-call\/","url":"https:\/\/www.marketnewsdesk.com\/index.php\/avita-medical-announces-management-changes-and-fourth-quarter-2022-earnings-conference-call\/","name":"AVITA Medical Announces Management Changes and Fourth Quarter 2022 Earnings Conference Call - 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