Avid Bioservices Inc (CDMO)

[TampaTradr]

My take on the PR and CC:

King stated about Avid:

"This represented a key corporate milestone and we are continuing to evaluate a number of additional opportunities to further expand this important, revenue-generating business," stated Steven W. King, president and chief executive officer of Peregrine"

and Lytle said:

"With demand expected to grow, we are actively considering options for potentially adding more production capacity to support additional growth of this business."

And on the CC (by King):

So, where do we go from here? First, we continue growing our thriving manufacturing business where we see the opportunity to grow even beyond the new manufacturing facility.

And Shan:

"Demand for this new production capacity is high and we already have locked commitments extending well into 2017. As this demand continues to grow, it leads us to consider options for potentially adding more production capacity in the near future. We are currently evaluating a number of opportunities to meet this demand and are extremely optimistic about the growth of this business."

And

"We believe that the Avid business will continue to be a tremendous source of new business for Peregrine and it is our goal to pursue every opportunity to build demand and expand capacity. ".

Lytle said:

"For this reason, growing the Avid business will remain a high priority for the company."

And King again:

"It is fair to say that Avid has experienced significant success and we are evaluating a number of opportunities to continue to expand this important business."

It sounds to me like Avid III is a possibility in the near future if the demand can be found.