Avid Bioservices Inc (CDMO): The 600 pound gorilla in the Peregrine r...

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pphmtoolong

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Thursday, 11/13/2014 11:15:13 AM

Thursday, November 13, 2014 11:15:13 AM

The 600 pound gorilla in the Peregrine room is getting bigger everyday. The Sunrise trial dwarfs every other issue in my view. It would be nice if Peregrine management would provide any tidbits regarding the trial's progress. They haven't yet, and they won't until irrefutable trial results are produced.

I suspect they are scared sh*tless Sunrise could fail. If that happens, not only will they be looking for work, but they will be in the crosshairs of us shareholders and our lawyers. The only way to minimize their exposure is to provide no hint of encouragement regarding the trial.

They know the future of the company is riding on the Sunrise trial IMO. They have reason to be very confident based on the identical Phase II trial. However, they know promising Phase III trials have failed before.

All we can do is wait. I like to think the wait will be well rewarded.

GLTA, Paul