Avid Bioservices Inc (CDMO)

[NoMoDo]

The quote you provided is absolutely a possibility. However, there are several boilerplate warnings companies must add to their annual reports and prospectus' based on their size, earnings,capacity to raise money, and even type of industry. If you copy your quote and plug it into google, you will see it appear - often word for word in other company financial reports. For example:

Patheon 2013 10K - Securities and Exchange...
www.sec.gov/Archives/edgar/data/1400431/000140043114...

With the Banner Acquisition, we expanded our service offering to include the ..... Some of our competitors may have substantially greater financial, marketing, technical or other resources than we do. Additional competition may emerge and may, among other things, result in a decrease in the fees paid for our services.