Avid Bioservices Inc (CDMO)

[pphmtoolong]

Hypi, Peregrine management has presided over several disasters not of their own making. The Fargo Fiasco and the Sunrise failure were both terrible shocks, but it is a stretch to blame them for a third party screw up or mother nature's reaction to the docetaxel-bavi approach to NSCLC.

Meanwhile, management has wisely invested heavily in Avid, pushed the bavi exosome diagnostic effort and smartly chosen to try Bavi with the new immunotherapies on a cost efficient basis using highly respected outside researchers.

I don't see Peregrine's future depending on management's trustworthiness at all. They will succeed or fail based on what we see in the labs and clinics IMHO.

GLTA, Paul