Avid Bioservices Inc (CDMO)

[EYEBUYSTOX]

CP, good example...but not why you think.

INHX's drug ended up killing people and was charged off by BMY as a $2 billion loss. If that company was not sold when it was, the shareholders would most likely have been left with nothing at this point as the drug would never have been approved.

It a great example of how a company can think they have one thing, and in reality have very little when the dust settles. What you think may be worth 100x today could be worth 2x with one PR. Talk to the founders of myspace and see if they would like to go back in time and reconsider the $1 billion deal from AOL. Bigger, smarter, craftier financiers got involved with Facebook, a better mouse trap was built and the prior tech was rendered obsolete. Happens all the time. Could be happening right here if the Opdivo data come back impressive from ASCO.

If PPHM were SMART, they would partner for whatever they could before those data are presented IMO.