Avantor Inc. hid from investors that it hadn’t invested enough in supply chain infrastructure, inventory management, and customer service, and that this led the laboratory supply company to lose clientele, a proposed class action said.
The lab product supplier also overstated its goodwill from a prior acquisition of a distributor as a result of these delay and fulfillment issues, a public pension told the US District Court for the Eastern District of Pennsylvania.
Then Avantor released disappointing third quarter of 2025 financial results on Oct. 29 with a net loss of $712 million, primarily as a result of a non-cash ...
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