Avid Bioservices Inc (CDMO)

[exwannabe]

Wow. First look in not until first half of next year.

Was it "first half" or "beginning"?

Early '16 is still consistent with 12/15 enrollment complete. But as that look slips (be it for enroll curve shape, healthy patients or Bavi working very well), so will the 2nd and final looks.

If the final look is slipping into mid-late '17, and they do spin up the stated trials, they will certainly need the money from #3 (barring the second look hitting an eficacy stop, which is possible).