Core Viewpoint - Faruqi & Faruqi, LLP is investigating potential claims against Avantor, Inc. for alleged violations of federal securities laws, encouraging affected investors to participate in a class action lawsuit [2][5]. Group 1: Allegations Against Avantor - The complaint alleges that Avantor and its executives made false and misleading statements regarding the company's competitive positioning and the impact of increased competition [5]. - Specific claims include that Avantor's competitive position was weaker than represented, and that the company was negatively affected by heightened competition [5][6]. - During an earnings call on July 26, 2024, the then-CEO assured investors of Avantor's strong competitive position, which later proved to be misleading [6]. Group 2: Financial Performance and Stock Impact - On April 25, 2025, Avantor reported disappointing Q1 2025 results, cutting its guidance and announcing the CEO's resignation, leading to a stock price drop of over 16.5% [7]. - The company continued to report poor financial results, including a year-over-year decrease in net sales for Q2 2025, further reducing its 2025 guidance to a projected organic revenue growth of -2% to 0% [8]. - By October 29, 2025, Avantor reported a net loss of $712 million for Q3 2025, primarily due to a non-cash goodwill impairment charge of $785 million, attributed to competitive pressures [10]. - Following the Q3 report, Avantor's stock price fell by more than 23% [11].
AVTR INVESTOR REMINDER: Faruqi & Faruqi, LLP Announces that Avantor Investors Have Opportunity to Lead Class Action Lawsuit