Vyant Bio, Inc. (“Vyant Bio” or “Company”) (NASDAQ:VYNT) is an innovative biotechnology company reinventing drug discovery for complex neurodevelopmental and neurodegenerative disorders. The Company’s proprietary central nervous system (“CNS”) drug discovery platform combines human-derived organoid models of brain disease, scaled biology, and machine learning. Today, Vyant Bio announced that it is postponing its investor conference call for the second quarter and first half of 2022, originally scheduled for Monday, August 15, 2022 at 4:30 pm ET.
Very recent developments related to the accounting for the potential sale of its vivoPharm subsidiary have caused the Company to need to make further revisions to its valuation estimate due to domestic and international tax considerations that may impact net sales proceeds and the resulting non-cash intangible asset impairment charge within discontinuing operations and related matters resulting from those changes.
The Company will issue a press release announcing the new date and time for the postponed earnings call upon the completion of the vivoPharm valuation and tax analyses.
