Avid Bioservices Inc (CDMO)

[senrex]

chey: it appears to be a web site for people looking for employment. FWIW: This is the most recent poster (March 16, 2016):

I worked at Peregrine Pharmaceuticals full-time (More than 3 years)

Pros
Very elegant conference room with glass blocks and hardwood walls. Beautiful conference table. The CEO rarely leaves his office do you don't need to worry about him popping in in you.

Cons
CEO and CEO only have industry experience from this company, so they remain tragically and sometimes embarrassingly inexperienced.

CFO is essentially an accountant with an inexplicably large staff. He often creates knee-jerk rules, many of which are laughably naïve.

CEO is too intimidated by his senior staff to make independent decisions. For a company that is over 30 years old very few senior management have pharmaceutical company experience. The company has never produced a profit. Ever. Think about it.

None of their clinical stage drugs have any chance whatsoever of becoming approved products. That was shown recently when bavituximab recently (and mercifully) failed a pivotal trial.
Show More

Advice to Management:
You do not have the leadership capabilities to develop a drug even if it did work. Give up on drug development and focus on growing the manufacturing subsidiary. You should not be in the therapeutic business.