BUZZ-Renovaro rises on new CEO, board shake-up as part of restructuring

Reuters

2024-10-17

** Shares of biotech company Renovaro Inc up 24.4% at $0.87

** David Weinstein appointed as RENB's director and CEO, succeeding Mark Dybul

** Co also names four new directors; board size increased to five members

** Realignment of resources to focus on RENB's AI platform, Renovaro Cube, which is used for multi-cancer early detection and patient monitoring

** Strategic review to also include pipeline prioritization and financial initiatives to strengthen co's balance sheet

** Up to last close, stock down ~73.35% YTD

(Reporting by Rishab Shaju in Bengaluru)

((Rishab.shaju@thomsonreuters.com))

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