Welcome to our dedicated page for Maravai Lifesciences Holdings news (Ticker: MRVI), a resource for investors and traders seeking the latest updates and insights on Maravai Lifesciences Holdings stock.
Maravai Lifesciences Holdings Inc. (MRVI) provides essential tools for breakthrough therapies and diagnostics through its nucleic acid production and biologics safety testing solutions. This news hub offers investors and industry professionals direct access to verified updates about the company's scientific advancements and strategic developments.
Track MRVI's latest financial results, manufacturing innovations, and partnership announcements in one centralized location. Our curated news collection helps stakeholders monitor regulatory milestones, technology licensing agreements, and capacity expansion initiatives critical to the life sciences sector.
Key updates include earnings disclosures, facility certifications, reagent production scaling efforts, and quality control advancements. Users will find information about Maravai's GMP-grade oligonucleotides, CLIA-certified testing services, and contributions to cell/gene therapy development pipelines.
Bookmark this page for real-time access to Maravai's progress in enabling precision medicine and vaccine development. Check regularly for objective reporting on their role in supporting biopharmaceutical research and diagnostic innovation worldwide.
Maravai LifeSciences (NASDAQ:MRVI) faces a significant class action lawsuit following troubling financial disclosures. On February 25, 2025, the company delayed its earnings release and annual report, triggering a 21.7% stock price decline.
The lawsuit, filed in the U.S. District Court for the Southern District of California, alleges that Maravai misled investors between August 7, 2024, and February 24, 2025. Key allegations include failure to disclose weak internal financial controls, improper revenue recognition, overstated goodwill valuation, and misleading statements about growth potential.
Affected investors who purchased MRVI shares during the specified period have until May 5, 2025, to seek lead plaintiff status. The case is being handled by Cohen Milstein, a firm noted for securing a $1 billion recovery in the Wells Fargo litigation in 2024.
Maravai LifeSciences (NASDAQ:MRVI) faces a securities class action lawsuit filed in the U.S. District Court for the Southern District of California. The lawsuit covers investors who purchased shares between August 7, 2024, and February 24, 2025, with a lead plaintiff deadline of May 5, 2025.
The legal action alleges violations of Securities Exchange Act Sections 10(b) and 20(a), claiming the company and senior executives misled investors about:
- Inadequate financial controls, especially in revenue recognition
- Incorrect revenue reporting for key transactions in fiscal 2024
- Overstated goodwill valuation
- Misrepresentation of financial condition and growth potential
On February 25, 2025, Maravai delayed its earnings release and annual report due to revenue recognition concerns and a potential non-cash impairment charge, resulting in a 21.7% stock price decline.
Maravai LifeSciences (NASDAQ:MRVI) faces a securities class action lawsuit filed in the U.S. District Court for the Southern District of California. The lawsuit covers investors who purchased shares between August 7, 2024, and February 24, 2025.
The complaint alleges that Maravai and senior executives made false and misleading statements regarding:
- Financial controls and revenue recognition policies
- Improper revenue recording in fiscal 2024
- Overstated goodwill valuation
- Misrepresented financial condition and growth prospects
On February 25, 2025, Maravai announced delays in its earnings release and annual report due to revenue recognition concerns and a potential non-cash impairment charge. The stock subsequently dropped 21.7%. Affected investors have until May 5, 2025, to file for lead plaintiff status in the case.
Maravai LifeSciences (NASDAQ: MRVI) has postponed its previously announced Q4 and full year 2024 earnings release and conference call originally scheduled for February 25, 2025. The company will file a Form 12b-25 with the SEC to delay its annual 10-K report for the fiscal year ended December 31, 2024.
Maravai intends to hold the postponed earnings call and file the 2024 Form 10-K by March 18, 2025, before the expiration of the automatic 15-day extension from the original March 3, 2025 due date.
The delay is attributed to three main factors: (1) additional time needed to assess a potential non-cash goodwill impairment charge related to the Alphazyme acquisition; (2) assessment of a revenue recognition error involving approximately $3.9 million recorded in Q2 2024 that should have been recorded in Q3 2024; and (3) time required to complete assessment of disclosure controls and internal controls over financial reporting, including remediation of a material weakness in revenue recognition controls.
Despite these issues, Maravai still expects full-year 2024 revenue to be near the mid-point of its previously announced guidance range of $255.0-265.0 million.
Maravai LifeSciences (NASDAQ: MRVI) has completed its acquisition of Officinae Bio's DNA and RNA business. This acquisition integrates Officinae Bio's AI-enabled mRNA design platforms with Maravai and TriLink BioTechnologies' drug substance manufacturing capabilities, offering comprehensive expertise and novel technologies. This integration aims to accelerate the mRNA sequence-optimization phase and advance clinical testing and commercial manufacturing.
Officinae Bio, based in Venice, Italy, uses a proprietary digital platform to speed up mRNA drug candidate prototyping, facilitating rapid testing of diverse combinations of capping analogs, chemical modifications, and sequence designs. The acquisition will enhance Maravai's capabilities in next-generation medicines, particularly in mRNA and CRISPR, leveraging proprietary technologies like CleanCap® analogs.
This move also marks Maravai's entry into the European market with a manufacturing footprint, expected to drive growth across multiple product lines. Officinae Bio's CEO, Davide De Lucrezia, will continue to lead the team within Maravai’s Nucleic Acid Production segment.
TriLink BioTechnologies, a Maravai LifeSciences (NASDAQ: MRVI) company, has entered into a non-exclusive License and Supply Agreement with Aldevron for CleanCap® mRNA capping technology. The agreement allows Aldevron to use TriLink's patented CleanCap® analogs in mRNA development and manufacturing services through Phase III programs.
The agreement covers CleanCap® M6, CleanCap® AG 3'OMe, CleanCap® AG, and CleanCap® AU cap analogs. The CleanCap® technology delivers optimal 5'Cap structures with over 95% efficiency, improving mRNA yield and process time compared to traditional methods. The technology has been used in over 350 preclinical and clinical programs and is featured in most approved COVID-19 mRNA and saRNA vaccines.
Notably, the recently introduced CleanCap® M6 (May 2023) has demonstrated increased mRNA expression by more than 30% compared to enzymatic capping methods.
TriLink BioTechnologies, a Maravai LifeSciences company (NASDAQ: MRVI), has announced a strategic partnership with Avantor, Inc. (NYSE: AVTR) to expand its nucleic acid products distribution across Europe, Middle East, and Africa (EMEA). The collaboration aims to streamline ordering processes and reduce lead times for European customers.
The partnership will increase accessibility to TriLink's product portfolio, including CleanCap® cap analogs, catalog mRNAs, modified and unmodified nucleotides, and CleanScribe® RNA Polymerase. These products will be available for research use only (RUO) or at GMP-grade through VWR's eCommerce platform, MarketSource.
TriLink, with over 25 years of experience in nucleic acid development, offers CDMO services and specializes in mRNA capping analogs, including CleanCap® M6, mRNA raw materials, and advanced scale-up capabilities.
Maravai LifeSciences (NASDAQ: MRVI) has announced the acquisition of intellectual property and assets from Molecular Assemblies (MAI), focusing on their proprietary Fully Enzymatic Synthesis technology. This strategic move aims to enhance mRNA and oligonucleotide manufacturing capabilities within the TriLink BioTechnologies business.
The acquisition will expand Maravai and TriLink's ability to support customers in developing next-generation mRNA and CRISPR nucleic acid-based therapies. The company plans to integrate MAI's enzymatic DNA synthesis platform to improve oligo length and purity while reducing costs through vertical integration of NTPs and enzymes from their TriLink and Alphazyme businesses.
TriLink plans to incorporate DNA template manufacturing in their mRNA business and expand custom oligo offerings to support gene assembly, antibody screening, and CRISPR HDR donor workflows.
Maravai LifeSciences (NASDAQ: MRVI) has released preliminary unaudited revenue expectations for 2024, projecting figures near the mid-point of their previously announced guidance range of $255.0 million to $265.0 million. The company plans to announce its fourth quarter and full year 2024 financial results after market close on February 25, 2025, followed by a conference call at 2:00 p.m. PT/ 5:00 p.m. ET.
The company notes that these preliminary results are subject to year-end closing adjustments and audit procedures, and actual results may differ due to inherent business risks and developments during the financial closing process.
Maravai LifeSciences (NASDAQ: MRVI) announced that Carl Hull will retire as Executive Chairman of the Board, with R. Andrew Eckert unanimously elected as the new Chairman, effective December 5, 2024. Hull, who founded Maravai in 2014 and served as CEO before becoming Executive Chairman in October 2022, expressed pride in the company's achievements over the past decade.
Eckert, described as a healthcare industry veteran, brings extensive experience as an executive officer of several healthcare companies, with expertise in operations, strategic planning, product development, and marketing. The appointment aims to leverage his executive experience to guide Maravai's growth and drive long-term shareholder value.
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