Avid Bioservices Inc (CDMO)

[Carboat]

Some of the bull statements:
- Trial did not fail Bavi performed as expected.
- bavi is simply moving to io as the market evolves very quickly. They are leaving chemo even though bavi works there.
- bb (futures)
- imaging (futures)
- trial partners moving forward towards starting new trials
- avid is growing

Reality:
- trial failed, stopped for futility, company stopped all bavi/chemo. No data provided after 6 months
- no trials, all early pre-clinical back to the beginning whether it's io, bb, imaging etc.
- they are paying these "partners" so a pretty low bar
- avid is a small manufacturer in a low-margin industry (like all manufacturing) due to its limited barrier to entry. And nothing is known of avid profitability just sales & gross profit.