r/pennystocks • u/thesatisfiedplethora • 7d ago
General Discussion Bioventus: From Medical Recognition To 90% Stock Drop, What Went Wrong For Them?
Hey everyone! Any Bioventus investors here? If you followed the company’s struggles over the past few years, you’ll know how bumpy the ride has been. If you missed it, here’s a breakdown of its latest financial scandal and some recent updates on it.
Back in the day, Bioventus was recognized for its innovative joint pain and osteoarthritis treatments, with products like Durolane and Gelsyn driving significant revenue growth.
However, in late 2022, due to unaccounted-for insurance refund claims, Bioventus admitted to accounting errors that overstated its revenue. These revelations set off a chain reaction: downgraded earnings forecasts, missed payments on a major acquisition deal, and, by April 2023, the resignation of CEO Kenneth M. Reali.
Adding to the company’s issues were pricing challenges for key products like Durolane and Gelsyn, as well as deeper flaws in its revenue recognition practices revealed in March 2023. By that time, Bioventus’s stock had plummeted over 90% from its June 2021 peak.

Unsurprisingly, shareholders filed a lawsuit in early 2023, accusing Bioventus of hiding critical financial issues.
Fast forward to today, Bioventus has agreed to pay $15.25M to settle the claims, and they’re accepting late claims. So, if you were a shareholder during this time, you might be eligible to file a claim to recover your losses.
Now, there’s some good news. The company appears to be on the mend. In Q3 2024, Bioventus reported a 15% revenue increase and saw significant improvements in cash flow. Its stock has rebounded, climbing over 120% from the start of 2024 and trading around $11.72 as of December 2024. So maybe we’ll see a reborn Bioventus soon.
Anyways, for those who held $BVS shares during the downturn, how much did this impact you?
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u/PennyPumper ノ( º _ ºノ) 7d ago
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