Avid Bioservices Inc (CDMO)

[skweze]

CP- Your partnership time frame seems to be on point. During the time that AbbVie was interested in 2012, the original Phase II results could have led to early approval and sales of product. But since the CSM errors in the Phase II caused a setback in the program of 3-4 years, one could envision partnership interest waning in the face of a longer horizon. But what is puzzling to me is why at least one of the partnership candidates wouldn't try to cut in line and catch the others sleeping. Equally puzzling is the runup leading to March and then sudden sharp drop in both price and volume. One guesses that there was either rumors on the street of an early partnership, or it was just an orchestrated pump and dump related to the first preferred offering. I'd be interested in your take on seemingly baseless change in price action since March.

Yes, but don't expect it tomorrow.

I still envisage first partnership Q1/Q2 2015 and not earlier but there may be some indication in the coming periods (maybe not direct but indirect on a CC or annual).