Register for free to join our community of investors and share your ideas. You will also get access to streaming quotes, interactive charts, trades, portfolio, live options flow and more tools.
Register for free to join our community of investors and share your ideas. You will also get access to streaming quotes, interactive charts, trades, portfolio, live options flow and more tools.
Just let the Eagles beat the Bears!
Also, Bristol-Meyers Squibb purchasing Celgene! A biggie.
Thems were the days!
http://articles.latimes.com/1998/may/06/business/fi-46782
Ha, I go back to 1998 and TCLN. DEAD $$$ indeed.
Love both Agarns!
Yes, I talked to him before he passed...cancer. 5 years ago, his wife Billie emailed me after I hadn't heard from him. Loved his golf.
Wait, I thought I was?! I've been here 20 years! Where have you gone Techniclone and TerryGD?
Best of luck!
Sheeze, now I feel old! 20 years in TCLN, PPHM, CDMO.
DON'T REMIND ME! :)
A third "company"! Techniclone to Peregrine to Avid Bioservices. What's next???
Four of the top 17 companies with the most cash are Pharma.
https://www.yahoo.com/finance/news/chart-17-us-companies-biggest-164900428.html
I've heard that one WAY too many times. I started on the Yahoo board...lots of "to the moon" talk. Hope so...
Almost 20 years with PPHM...can we PLEASE do something, anything!
Thems were the days! Lots of people have come and gone.
Engage!!! Remember that stock during internet boom????
Yeah, pretty much. Shoulda sold at 16 back in the day...got greedy.
Been here almost 20 years...hope we can too. BLTA
Volume...that is the thing. We've jumped like this before but the volume is big. Hmmm...
geo, sounds a bit like you have thrown in the towel? You've been here awhile like me and it is hard to keep sloggin' in the mud to try and get somewhere. PHIII failure is about as bad as it gets...for us. THAT was the opening we needed to get ahead and that door has closed. :(
36 cents!?!?!?! WTF! 18 years for this. Oh yeah, a buying opportunity, right? Sheeeeeeze!
Amen, brother.
And his last...always a gentleman.
Vanessapu,
Finally, a very intelligent question.
I have worked really hard in this area while I have attacked PPHM on dilutive financing. In gross and over simplified terms I would guesstimate that the Avid operation can fund 40- 50% of operating needs in one year and 60-75% of operational needs in two years.
This assumes approx the same burn rate of 12mm-13mm per quarter we currently face. The burn off of Sunrise which is expensive PH III into less expensive PH I and PH II trials should be about neutral to cash flow. Burn rate should decrease quarter by quarter as Avid builds out business.
I think my assumption that Avid II will produce additional 40mm in outside revenue is fairly conservative since it is designed to do three shifts 24/7 if necessary and has more efficient reactor technology with removable and replaceable linings that make for much more efficient cycle turnarounds. Were Avid II stressed to full capacity IMO it is capable of doing up to 80mm in additional revenue.
In addition, IMO Avid is hard at work lining up business to justify Avid III and Avid IV. IMO sites for "leasing" proximate but not abutting current Avid sites are available. IMO leasing terms are favorable in southern California industrial real estate.
Most important to me is financing of new sites. I would not advocate spending "expensive" biotech equity (defined as low priced common stock)
to finance more mundane manufacturing capability. However, IMO (well considered) Avid receivables are considered bankable and further facilities could be built for debt vs these receivables (which are growing as is the backlog). This debt IMO would be against just the Avid facility and its receivables and not against PPHM mother corporation or IP.
Imagine for a minute if you can build a facility (cookie cutter, state of the art) for 15 mm and finance it at 5-10% interest or approx 1.5mm per year while at the same time that facility can bring in 40mm in revenue at 50% gross profit or approx 20mm while it pays down principal.
This is not such a bad proposition. IMO this option is known to mgmt and was disguised in SK cc comments in response to questioning re "looking at options for the lowest cost of capital".
Reasonably expert and analytic "eyes" that have viewed the new Avid II state of the art facility are massively impressed with it. It is not therefore so surprising that Avid is experiencing client interest. Getting pure biotech material, with on time delivery, sterile, properly packaged and shipped , from an FDA cGMP facility is a life and death issue for many small to medium size biotech companies. Just read the disclaimer section in the Halozyme 10K.
Hopefully, during this two year time frame PPHM will complete enough clinical data for strategic, milestone partnering including sufficient up front cash to make this question less relevant.
In the mean time, I continue to advocate PPHM use preferred financing instead of common as my "second" choice.
Best Regards,
All of the above certainly just IMO
RRdog
Aw man, that is so sad. :(
18 years of speculating by a gagillion posters here on this board.
+ .14 in pre-market? Is that correct? Let the speculating begin...I guess.
Wook, 18 years of speculating and wondering. How did I stay this long??? Sheeze.
Under a dollar...hooray! Buying opportunity! ;)
I should have stayed in Cape Cod...more fun than this! Ugh.
Is it me or has Motley Fool mentioned us more than usual lately as a stock to watch? OK< it's me...
http://www.fool.com/investing/small-cap/2015/06/30/small-cap-stocks-to-watch-in-biotech.aspx
The one thing I've said for years, and I agree with you, for PPHM to get anywhere is to get in a PH.III trial. Now, they are and we will see what happens. Hugely important!
That's PPHM share price? How do you arrive at those?
Wook...fun, ain't it? Round and round she goes.... 17 years of this for me. I'm just putting it out of my mind.......
It won't...get used to it. It IS Friday, though. :)
Now how do you know that? You don't. Why even say that?
Head fake? With PPHM? Never! I wear a neck collar from all the head fakes. Cheers to all! We're all day to day...
Wook! Go and sell them a house in Jersey! Convince PPHM to move to Deptford or something. :))
A PH.I study? C'mon, that never gets us anything. We have the stuff to get past PH.III...let's go!!!!!!!
OK, we shall see. I'm marking this down, it will be in my report. Whatever that is... :)
Loof, I love ya but patents don't get much. Did this one?
http://ir.peregrineinc.com/releasedetail.cfm?ReleaseID=266182
I feel like a hamster in a wheel...round and round we go.