Avid Bioservices Inc (CDMO)

[cjgaddy]

I got a kick out of Rick Hancock’s sense of humor yesterday. Responding to Joe Pantginis’ asking about the selection process of hiring Nick Green: “So, obviously, this wasn't a lightening fast process...” - haha.

Int. CEO Rick Hancock – 6-30-20 Q&A
“You bet, Joe. Great question. So, obviously, this wasn't a lightening fast process, but I really think at the end of the day, we wound up with just the exact right person to lead Avid for the future based on Nick's tremendous experience both in the commercial realm, operational excellence, strategic growth. So we're very lucky to get Nick and very happy that he's joining us, and I spoke with him just today and he expressed again how excited he is to get here. I think his vision is really a continuation of what the senior management team here has been doing, making sure that we capitalize on the very unusually exciting asset that we have here. Not many independent CDMOs in our space that can do what we can do. Again, going from proof of concept, all the way through to commercialization and post-commercial support.

So I think he's delighted to get here to a fast-moving nimble company and as we pointed out, he's built up and expanded many companies over his career. So, I think his first focus is going to be on operational excellence throughout the organization, making sure that we're running lean, looking to build and strengthen with Tim Compton, our relationships with existing customers and bringing on some more marquee clients and then focusing on the build out and just making sure we capitalize on all the growth potential that we have.”
https://www.fool.com/earnings/call-transcripts/2020/06/30/avid-bioservices-inc-cdmo-q4-2020-earnings-call-tr.aspx

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6-23-20: Nicholas Green (ex-Therapure Biopharma) becomes President/CEO of Avid Bioservices (eff. 7-30-2020) https://tinyurl.com/yczapcc7