Mr. Moran was the company’s director of finance who took the position of acting CFO at the end of August when former CEO and CFO Francis Reynolds resigned.
The executive shake-up comes at nearly the same time that the company announced approval of its biopolymer scaffolding for acute spinal cord injuries will take years longer than anticipated.
On Tuesday, InVivo also cancelled its presentation at the 15th Annual Rodman and Renshaw Healthcare Conference in New York City.
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