Monday, October 24, 2016 9:27:30 AM
just think... the company wants to focus on avid, the window for avid is now to capture biosimilar market as well as i-o biomanufacturing space. if you started today it would take two years to get other locations up with site selection/design and fda cert (or other EU)....
they have absolutely no chance of expanding with current/forthcoming credit issues (w/ respect to landlords/suppliers) and potential customers. my guess is each new plant will cost $20 mil (from rrdog's post way back) and in order to be a player they need to grow. if they don't jump on the opportunity now, someone else will and this is not a biz where changing suppliers is easy... so my guess is they need $60 to $100 mil to get the avid dream off the ground...
if they dilute now they actually hurt themselves (their own options/holdings) and face lawsuits from shareholders because we all know other options are in front of them...
so $60 mil to $100 mil upfront solves all their problems, protects their kingdom which will face challenges if things don't change soon, and gives them access to $200 mil top line revs without oversight (they must be licking their chops) or having to face shareholders w/ raising equity..
and some milestone paymnets and royalties down the road...
this is a no brainer....
Recent CDMO News
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