Avid Bioservices Inc (CDMO)

[realist1]

$3 billion? Current value is ZERO.
Whatever you think Avid is worth is how the stock should be valued.

If PPHM does a Bavi deal, the upfront cash will be ZERO.
Accept it, deal with it, that is reality.
I can see the headline now.......
Could potentially be worth "X" at some point in the undefined future if milestones are reached....

Bavi failed. It's "value" is exactly what PPHM trials proved it was worth which is nothing. No BP/BB will pay cash up front for it.

It's no different than Cotara at this point. Water under the bridge.
Sunk cost. Wasted time and money. PS is/was an interesting target, but Bavi wasn't the right way to use it.

As for corporate personnel developments, great to see the old board gone, but it's ~10 years too late.
And what I read was King resigned from the BOD, I didn't see anything about him being out as CEO. King and most definitely Lytle need to go - pronto.