Avid Bioservices Inc (CDMO)

[jakedogman1]

Yes ... SK and crew made some big bets with our money and lost. Some very poor self serving biz decisions on our dime. They were winning either way the coin landed. Then Ronin challenged them and SK put up a fight and lost. And he and the old BOD got tossed. There could be some residual IP value but if the IP wasn't freed from the old SK crew, we were back to square one with no money and zero credibility and zero institutional interest. And Avid was dying when it should have been going full blast. I wish there had been more interest from BP in bavi but at the time all eyes were on IDO1 as the go to pdl combo.... INCY lost $13 bil in mkt cap when the IDO1 dream busted. When bavi's best competition was Avastin, there were a lot fewer competitors. Now with I-O, there are hundreds of molecules that are being tested and the bloom is off the rose on any particular drug until the I-O question is fully answered. As for bavi, the golden goose got the wings clipped but as in monty python "I'm not dead yet" and the question now is whether SK gets a goose egg by the end of May. Also keep in mind as the IDO1's of the world go bust, it could make the survivors more valuable.

A nice milestone for a trial start and a contract for bavi will be fine for now. And note Oncologie's statement...

Our global team has deep scientific knowledge, extensive pharmaceutical experience as well as proven clinical and business acumen.

The only acumen the SK crowd had was how to fleece shareholders IMO.