Avid Bioservices Inc (CDMO)

[bidrite]

I think they remain in the same negotiation position and same leverage. The reason that I say this is that on one hand they lost some leverage with SUNRISE and the outlook on sales, hence a party might think they are in a hurry. On the other hand if CHEMO is out of the picture the full race in I-O combo's can start and that may be seen as an obstacle that is cleared

If we accept this as true, it doesn't give a very good feeling that we will ever be successful at closing a deal. We lost leverage, not gained. It is that same kind of arrogance that causes us to always be a victim of the system instead of having the power to beat the system.