Avid Bioservices Inc (CDMO)

[r622102675]

Lonza canary… https://www.fiercepharma.com/pharma/lonza-hints-cdmo-rebound-its-biologics-and-small-molecule-businesses-hold-their-own …r

[djohn]

Maybe Avid commercial team actually sold something in Q4 2024?

[cheynew]

HALO is having a good run. 38.10 on 4.30, now 45.42.

[4OurRetirement]

Update: "...2024 Russell Reconstitution schedule is as follows:"...

Tuesday, April 30th – “Rank Day” – Index membership eligibility for 2024 Russell Reconstitution determined from constituent market capitalization at market close.
Friday, May 24th – Preliminary index additions & deletions membership lists posted to the website after 6 PM US eastern time.
Friday, May 31st, June 7th, 14th and 21st – Preliminary membership lists (reflecting any updates) posted to the website after 6 PM US eastern time.
Monday, June 10th – “Lock-down” period begins with the updates to reconstitution membership considered to be final."

source link:
https://www.lseg.com/en/media-centre/press-releases/ftse-russell/2024/russell-reconstitution-2024-schedule

**********************************
So, By Now Some May Already Be Aware Of Which Companies Are On The Yet To Be Released List...
And They Could Be Buying CDMO Shares Early???
Hence, PPS Is Heading up, Up, UP,...

Glta Bulls, Watchers, & StockHOLDERS!

[cheynew]

Institutional Shares (Long) 68,579,367 - 108.03% (ex 13D/G) - change of 8.12MM shares 13.85% MRQ
Institutional Value (Long) $ 425,115 USD ($1000)

[4OurRetirement]

Has Anyone Seen Russell Reconstitution List Yet? Glta,eom.

[4OurRetirement]

Interesting Opening! Glta $CDMO Bulls, Watchers, & StockHOLDERS!eom.

[jbainseky]

Anyone heard from levitating little bear lately? We seem to be back in the accumulation phase with heavy MM trading.

FFTT
JBAIN

[jbainseky]

sure looks like a scoop em all up, sell most down kind of accumulation. But for whom?

[tech0200]

Let us hope he got something good to say and didn't go there to roast marshmallows.

[harry crumb]

Chart is looking real good

[r622102675]

Someone expecting new info to come out of the fireplace today?…I do know who should be standing in it tho…r

[cheynew]

II 105.12%.

[NJDenny]

Unfortunately hardly any volume to speak of.

[4OurRetirement]

Will FridayNite’s Bullish AH Trading Continue InPreMarket Tomorrow?…

And, Could It Relate To Prior Posts/Discussions
Regarding Takeover/Buyout Rumor?

Glta $CDMO Bulls, Watchers, & StockHOLDERS!

[cheynew]

Time&Sales for CDMO Trade Code Legend
Recent
Historical
Date:

Start time:
End time:
Go
Export
Date/Time Price Shares Exch/Mkt
05/10/2024 19:58:53 EDT I 9.00 1 ARCA
05/10/2024 19:58:52 EDT I 9.00 1 CBOE BZX
05/10/2024 19:58:04 EDT I 9.00 10 ARCA
05/10/2024 19:43:41 EDT I 9.15 1 ARCA
05/10/2024 19:37:43 EDT I 9.08 49 ARCA
05/10/2024 19:37:43 EDT I 9.04 1 ARCA
05/10/2024 19:37:43 EDT I 8.99 1 CBOE BZX
05/10/2024 19:36:12 EDT I 8.76 26 ARCA
05/10/2024 19:29:28 EDT T 9.25 100 NDD
05/10/2024 19:28:32 EDT I 9.09 98 ARCA
05/10/2024 19:28:32 EDT I 9.09 1 ARCA
05/10/2024 19:28:32 EDT I 9.04 1 ARCA
05/10/2024 19:28:32 EDT I 8.99 1 CBOE BZX
05/10/2024 19:28:32 EDT I 8.99 1 CBOE BZX
05/10/2024 19:26:56 EDT I 8.75 26 NDD
05/10/2024 19:26:26 EDT T 8.75 100 ARCA
05/10/2024 19:26:17 EDT T 9.17 100 ARCA
05/10/2024 19:25:39 EDT I 9.21 16 ARCA
05/10/2024 19:25:39 EDT I 9.10 30 ARCA
05/10/2024 19:25:39 EDT I 9.09 53 ARCA
05/10/2024 19:25:39 EDT I 9.05 1 ARCA
05/10/2024 19:25:39 EDT I 8.99 1

[Preciouslife1]

CNBC SHOWS AFTER HOURS PPS OF $9.25 up another .58 after the regular hours gain of .53! Hopefully this current momentum will carry through upwards and onwards!
ALL THE BEST TO ALL LONGS HERE …..

[Preciouslife1]

FYI: https://share.newsbreak.com/6ukdcdtf

[djohn]

The stock is kind of drifting aimlessly, kind of like the Avid commercial sales team.
For those who think the buildout was done for a specific piece of business or customer.
If it was then our top management team is even more incompetent an I thought.
Since the buildout started Avid has hired
1 CCO
3 Marketing people
1 Conference person
4 sales people (or they call them Sr. Directors lol)

[westjtter]

Well it certainly is a mystery!....This stock seems to trade to the beat of a different drummer and there does not seem to be any correlation lately to what the overall stock market is doing....market can be up or down, but Avid just seems to to be on a different path!

[hayward]

westjetter or anyone

How do we have over 104 % institutional ownership and the price drop of .30 on less then 100,000 shares ? I just don't get it TIA

Michael

[westjtter]

We have had a pretty decent run (inspite of our convertible debacle), so a pullback here is not unexpected.....lets hope our new Institutional holders are in it for the longer term. Meanwhile it will be nice to trade in the $8's until we get some additional news or updates in about a month....as in hopefully we will hold the $8's to get us ready for the next run higher!?

[Preciouslife1]

Hi UNPATHED; I didn’t send you a private message. I responded to your message which makes it look like it was a private message but yes, I fully understand and having been in this since Tech clone in 1996 I guess I understand and don’t understand a whole Lotta things anymore! Blessings and hope all is well thank you

[EndoTarget]

West, TCLN/PPHM/CDMO has been a trader dream.

This is a real company, very predictible. We now have a 400-500M/yr capacity with margin from 7 to 35%. Do the maths.

This capacity is FDA/GMP certified.

It is not an easy market to get in. Moat wise.

63Mx15 is just under 1B.

[westjtter]

Very curious how you arrived at the $15 per share number? You are assuming our convertible financiers will convert in the $11 to $11.50 range at which point the buyout/takeout agreement is announced???

I don't quite see it, but it certainly is plausible and not out of the realm of possibilities.....if you get this right, you should open up your own Financial Planning office, or even a mini hedge fund???

Either way, it will be interesting to see how we trade over the next month...especially after our next CC, where fingers crossed, we got some solid guidance for the year and years ahead???

And yes...we will watch Halozyme.

[unpathedhaunt]

Can't reply to your private message. Been following H5N1 for 25 years or so and well aware of catastrophic outcomes. Like to post facts, which were deleted by mods while your headline remains. Hmmm.

[r622102675]

Russell rebalance on 5/24...r

[4OurRetirement]

I Wonder, Could Cohen/P72 Be TakeoverActivist(Or Buyer)? EasyDouble-Glta,eom.

[4OurRetirement]

Thanks. IF That Happens, Many II’s Will Be…

Upset. It Will Be Possible Those II’s Could Force PPS Above That $15 Target, To Lessen Their Losses.

Best Wishes To All StockHOLDERS!

[bfiest]

Bavi’s success doesn’t surprise me one bit. Problem is OncXerna is in no position to pay phase 3 royalties. Thus the slow walk of Bavi in all these phase 2 trials. Eliminate phase 3 royalties and allow Bavi to proceed to potential approval without the added financial burden for a yet unproven entity. Take royalties on approval only. Win win for everyone. AIMO

[cheynew]

Quite a it of activity the last few days. From Fintel. Anyone know 12 West Capital? Added 2.75 mil shares. Institutions now own 104.87%
File Date Source Investor Type Avg Price
(Est) Shares ? Shares
(%) Reported
Value
($1000) ? Value
(%) Port Alloc
(%)






2024-05-08 13F Russell Investments Group, Ltd. 176 -99.96 1 -99.97
2024-05-08 13F Great Lakes Advisors, Llc 65,283 -2.85 437 0.23
2024-05-07 13F Sei Investments Co 138,963 -1.97 931 1.09
2024-05-07 13F Susquehanna International Group, Llp 91,275 -49.91 612 -48.40
2024-05-07 13F Swiss National Bank 124,400 0.00 833 3.09
2024-05-07 13F Arizona State Retirement System 17,380 -1.49 116 1.75
2024-05-07 13F Cornerstone Planning Group LLC 15 0.00 0
2024-05-07 13F New York State Common Retirement Fund 887,302 17.02 6 25.00
2024-05-07 13F 12 West Capital Management LP 2,750,000 18,425
2024-05-07 13F M&t Bank Corp 103,567 0.13 694 3.13
2024-05-06 13F SG Americas Securities, LLC 0 -100.00 0
2024-05-06 13F Advisory Services Network, LLC 0 -100.00 0
2024-05-06 13F Teacher Retirement System Of Texas 14,073 -3.54 0
2024-05-06 13F Quantbot Technologies LP 0 -100.00 0
2024-05-06 13F HighTower Advisors, LLC 11,241 74
2024-05-06 13F Addison Advisors LLC 158 0.00 1 0.00
2024-05-06 13F Parallel Advisors, LLC 1,956 -1.86 13 8.33

[EndoTarget]

Either going private or being bought out.

11.50+30%

This company is 98% down from the March 2000 madness.
Remeber I bought at 0.25 DEC 99 and sold at 16 MAR 2000.

Since then it was a trader paradise. Shorts and pumpers had fun.

The CDMO industry will florish in the next 5 years.

We will not benefit from this. 15$ and out. Let's see.

(No more poison pill... How in the world you lose 1.25% notes to be replaced by 7%???)

Hint...Watch HALO

[djohn]

Seems to be talk about Bavituximab in the last week?
Don't know what it means?

https://www.usnews.com/news/health-news/articles/2024-05-06/combo-therapy-may-be-advance-against-liver-cancer

https://www.utsouthwestern.edu/newsroom/articles/year-2024/may-combined-therapy-live-cancer.html

Google "Bavituximab" in the last week

[G-no]

How do you know this?

[4OurRetirement]

Your Confidence Seems High, But, Just For Clarification…

Are you suggesting that first the PPS will reach $15, then the announced takeover price would be + an additional 30%? So, takeover price = about $20?

Or, When PPS hits about $11.50, the takeover price would be plus the 30% incentive. So, takeover price ends up around $15?

Either way, the tone of your confidence seems to imply that this won’t be something that happens in 2025. Possibly by end of spring? Maybe sooner?…

Thanks in advance for your reply.

Glta Bulls, Watchers, & StockHOLDERS!

[Preciouslife1]

https://share.newsbreak.com/6td5s0ky

[EndoTarget]

As I said last week, it is really unfortunate we will be taken over at 15.

A lot of II bought in the 20's.
More than 90% of stock is in II hands.

Time will tell at what speed we get to 15. It's gonna be like +30% when news hit. Then finito. No more trading...

[horselover45]

Looks like the doors at Avid have been opened up with these conferences.
Would have to say that from my point of view our problems are behind us.
How long has it been since our stock has gone up 7 days in a row??

[cheynew]

Avid Bioservices to Participate at Upcoming Investor Conferences

May 7, 2024 at 4:05 PM EDT
Download PDF
TUSTIN, Calif., May 07, 2024 (GLOBE NEWSWIRE) -- Avid Bioservices, Inc. (NASDAQ: CDMO), a dedicated biologics contract development and manufacturing organization (CDMO) working to improve patient lives by providing high quality development and manufacturing services to biotechnology and pharmaceutical companies, today announced that the company will participate at two upcoming investor conferences. Nick Green, president and chief executive officer, will be the featured speaker in a fireside chat at the RBC Capital Markets 2024 Global Healthcare Conference, and will deliver a corporate presentation at the 2024 Bank of America Securities Healthcare Conference.
Details of the company’s participation are as follows:
RBC Capital Markets 2024 Global Healthcare Conference
Conference Date: May 14-15, 2024
Fireside Chat Time/Date: 4:35 – 5:05 p.m. Eastern on Tuesday, May 14, 2024
Location: InterContinental New York Barclay, New York
2024 Bank of America Healthcare Conference
Conference Date: May 14-16, 2024
Presentation Time/Date: 11:55 a.m. – 12:10 p.m. Eastern on Thursday, May 16, 2024
Location: Encore Hotel, Las Vegas, NV
About?Avid Bioservices, Inc.
Avid Bioservices (NASDAQ: CDMO) is a dedicated contract development and manufacturing organization (CDMO) focused on development and CGMP manufacturing of biologics. The company provides a comprehensive range of process development, CGMP clinical and commercial manufacturing services for the biotechnology and biopharmaceutical industries. With more than 30 years of experience producing biologics, Avid's services include CGMP clinical and commercial drug substance manufacturing, bulk packaging, release and stability testing and regulatory submissions support. For early-stage programs the company provides a variety of process development activities, including cell line development, upstream and downstream development and optimization, analytical methods development, testing and characterization. The scope of our services ranges from standalone process development projects to full development and manufacturing programs through commercialization. www.avidbio.com


Contacts:
Stephanie Diaz (Investors)
Vida Strategic Partners
415-675-7401
[e-mail]

Tim Brons (Media)
Vida Strategic Partners
415-675-7402
[e-mail]

[cheynew]

Block trade
05/07/2024 14:15:03 EDT V 8.59 199700

[cheynew]

Well, we broke through, but low volume, so it may not hold.

[jbainseky]

how many times do we have to bump up against the 8.50 PPS range before we break through?

[westjtter]

The share price is slowly inching higher....can we stay above $8 without news? Also we are only about a month away from our next CC and year end financials....will we have the beat I am hoping for, along with strong revenue projections for next year, and dare I say, some talk of a profit????

And just to throw one more thing into the mix, it seems the FTC is taking a look at the Novo purchase of Catalent to determine whether the sale will lesson competition? So this just throws a little more uncertainty not only for Novo and Catalent shareholders, but also for their customers???

So....I would think this can only help Avid??

[unpathedhaunt]

Preciously relevant: "The FDA reported that one in five milk samples in the U.S. showed traces of the virus. Samples from regions with infected herds were more likely to have traces of the virus.
The FDA says that pasteurized milk is still safe to drink as pathogens would be killed in the process. However, unpasteurized milk has been shown to have live H5N1 viruses."

[Preciouslife1]

Pure FYI: https://share.newsbreak.com/6t0dloe4

[harry crumb]

Chart starting to show steady increase in pps

[geocappy1]

Do we know when our next earnings will be announced?

[djohn]

Maybe... when Avid announces that they have acquired enough business to make a profit? Just bouncing around some ideas here

[westjtter]

Well the short answer, is I have no idea, but also not really sure what triggered the first leg up and then of course the leg back down(well the down is easier than the up as no doubt some of our convertible financing issuers probably led the shorting charge once they realized that converting was off the table)!

But a possible answer would be a solid beat for this year and increased projections going forward. During the CC, it really did sound like Nick was possibly hinting that they may beat their projections...just they way he spoke and at that time he would probably already have a pretty good idea since the next quarter was almost over by the time they had the delayed CC.

Now if I am wrong here, I will be gravely disappointed, but I am going to say that they break $150 mil last year beating their $137 to $147 projection. Now going forward, they really have to start ramping up and taking advantage of their unused capacity so is there a chance they do $175 mil plus?

And finally, they have used this $400 mil as max capacity for over 2 plus years now....with the ongoing inflation, I am going to say this figure is too conservative. I also believe that once(if) they get closer to $400 mil, they will be able to squeeze out a little more....maybe a fair bit more, but that is all speculation.

And with Steve C in the picture, anything can happen....if he is going for a quick trading profit, we will pay the price...if on the other hand he sees something more....well we just may benefit!

[EndoTarget]

More seriously what will trigger the next leg.