Avid Bioservices Inc (CDMO)

[vinmantoo]

"Over the past 1.5 years, following the negative results from our Phase III SUNRISE trial"

Steven King in yesterday's conference call. Freakin BASHER. He obviously doesn't read this forum.

Corporalagarn, You are missing the big picture that only highly paid executives like King and certain posters here can see. That statement is actually major long-term positive for PPHM. It is only negative in the sense that the key trial that the company was banking on was stopped at first look-in because Bavi + Doc did worse than Doc alone. That early stop allowed PPHM to save money by not wasting more on Sunrise. That saved cash allowed PPHM to give executives bonuses. It also allowed PPHM to talk dreamily about all the new trials and drug combinations they could test Bavi with, if they only had a partner. I mean PPHM can't be expected to use its own cash to fund trials as their cash has to be preserved to grant future bonuses to management.