Avid Bioservices Inc (CDMO)

[dia76ca]

Michael I personally don't care what the shareprice is today. The number of sites will not immediately affect the shareprice...but the sooner PPHM gets to the 100 site figure...the sooner the enrollment numbers will be sufficient for a lookin, or DMC will bring about the trial approval.

What will immediately increase the share price is a partnership...this could certainly come before any data announcement...THLD is an example. It could come anytime!

For those like myself who are interested in the shareprice over the next 6-18 months...I expect a lot of good news.

I expect a partnership.

I expect great results from the SUNRISE trial.

I expect a pivotal breast cancer trial.

I expect good results from the liver cancer trial. These results will be delivered at a scientific conference because it is an IST conducted at a university! It is good for the academic AND it reaches an important KOL audience. I can wait.

I also look forward to the Bavi/Yervoy interim results...and to seeing several Bavi/immunotherapy preclinicals leading to more Bavi/immunotherapy clinical trials.

For those of us who have been around here from the earliest Bavi days(10 years)...the next 6-18 months is not too long to wait. And I do really think the partnership could be announced anyday. No-one on this board,including me, knows when. But after 10 years of seeing the increasing importance of the anti-PS franchise...I don't want to miss the next exciting stage!