Avid Bioservices Inc (CDMO)

[skweze]

The apparent sabotage, or to put it more charitably "inexplicable tampering," at CSM speaks for itself. What strikes me as bizarre about the Class Action appeal is why the plaintiff defiantly persists in the face of being thoroughly (and repeatedly) discredited at the Trial Court and now rejected for inclusion in the mediation program at the Appeals Court.

Clearly PPHM is not going to "settle" for even a penny with the frivolous plaintiff, and there really doesn't seem to be a genuine issue for the appeals court to consider, so the plaintiff is simply throwing good money after bad with no apparent hope for victory. But why?

The only logical answer seems to be a desire to throw another wrench the machine (by tying up resources and forcing the company to report "open litigation" to bankers and potential partners) as PPHM continues to move closer to market. Meanwhile, any positive news on company is instantly (and predictably) greeted with a suspiciously timed hit piece from a market incompetent blogger with access to a bully pulpit who is notorious for such shenanigans. All things considered, one could almost make the argument that multiple parties are deliberately trying to slow the company's progress by any means possible. But why all that effort against a company alleged by some to have nothing of value? All imo, of course.

Also notice that Carlton said we would get to the bottom of this and apparently so they were already doing on September 20th, 2012 and PPHM knew they were dealing with:

A) J. Bleecker
B) Intentional dose switching
C) Control and 1mg/kg Bavi arm switching

So one must see the COMPLETE series of actions/events and behaviours following as of THEN in view of the fact that PPHM knew on 20 Sept 2012.

This is also what kills the argument of the class action appeal.