Avid Bioservices Inc (CDMO)

[jakedogman1]

interesting developments..

mystic trial w/ AZN is a bust (for now) w/ first lookin ... probably $20 bil market cap swing between positive and negative results

if pphm was relying on AZN to rescue them w/ positive results, may not happen..

and mystic was w/ CTLA-4 drug so another combo possible failure... maybe this helps bavi/IP as search for good combos continues

DS hearing today... if approved pphm mgmt team ponies up $1.5 mil... and maybe the expected white knight won't stroke the check..

Maybe PPHM can update their upcoming events page:

Upcoming Events

DS settlement... mgmt team ponies up $1.5 mil out of pocket

ASM.... new BOD will take helm

Housecleaning: BOD, SK PL MZ out the door with a breach of fiduciary duty tag to add to resume and possible clawbacks on the horizon

IP assessed by team ronin

IP monetized ... partnered or sold in competitive bid process

Avid game plan spelled out and executed

Shareholder relief at last