Avid Bioservices Inc (CDMO)

[BioBS2012]

Your words ring true however (as far as I am aware) there is no confirmation of a contract, much less its terms.

From recent CC: Q&A

Steve King: We typically get a rolling forecast from our clients, which covers generally 9-15 mo. periods, with a committed period, and then we get a viewpoint of their future business after that. We talk about our backlog, it is all committed business from a number of clients for production that they need. The production schedule then flows off of those projections of when they need the material delivered. We start it months in advance so we’re in a position to deliver it during those quarters in which they projected they need the material.