Avid Bioservices Inc (CDMO)

[Carboat]

The trial was stopped because bavi didn't sufficiently beat the control group. bavi could have: slightly beat, tied, or done worse than the control. Mgmt. statements are consistent with all of these - even bavi not beating control (control so outperformed it went past bavi expectations qualifies as "bavi performing as expected and control dramatically outperforming). The final resulys will like have the same impact on share price:
slight beat of soc: slight bump
tie: stock stays in channel
does worse than soc: another leg down