Avid Bioservices Inc (CDMO)

[jakedogman1]

Did you expect the Avid BOD to be keyed into today's HALO news? I don't think Halo employees were clued in. I listened to Halo's update call. Their plans on restructuring are works in progress... they have lots of cash and they are trying to figure out how to give it back.... buybacks over three years is the plan... The plan to focus on Enhanze and expand that program...They did mention two key drivers waiting on FDA approval... Janssen Darzalex and the Roche Perjeta... also said expected inventory builds for clients... If anything the enhanze program expands.... Janssen has four phase threes in play including the one filed with FDA.... The halo commercial product was prob a year away from launching if it didn't fail. the readout was supposed to be in dec and then they would have to file which would have been sometime first half of year and then and await approval....