Avid Bioservices Inc (CDMO)

[tech0200]

Why can't they partner before Sunrise results? It can't be that complicated.

You pay a price for a phase III drug with no safety issues on track to be fully enrolled by the end of 2015. It's also very significant that the trial has not been stopped. You give it a probability of being accepted and you agree on a price before the results are known. Surely this has been done even for phase II drugs. Obviously, the price would be higher for the same drug when it makes to phase III and gets further into Phase III.

Then you agree on a price if bavi is approved. Obviously the price would go up if it is approved. If it is not approved the would be partner takes some kind of bath.

Or both parties agree on a final price before the results are known and make a deal. You also have the first and second look ins. The partner would pay more after a positive first look in. The partner would pay less if the partner made a deal before the first look in because it is assuming more risk.

The same kind of deal making would be used for a buyout.

Just make a deal. A lot of investors have been here for a looonggg time and are getting reallllly tired.
Make a deal.