Avid Bioservices Inc (CDMO)

[westjtter]

Yes they seem to be falling in tandem...for no apparent reason?

I think the management and sales team are going to have to show some new orders from new clients to convince the market that Avid production is not so closely aligned to Halozyme....regardless of how well Halozyme may be doing. They obviously perceive it as a great risk to have so much of your production/revenue/ and profits tied to one customer. And Halozyme is relying primarily on one product regardless of the myriad uses of this product. So both companies are benefiting but Mr Market would probably like to see a little more diversity?

They have interests from 35 new additional potential clients.....once some of these orders are realized along with the continued orders coming from Halozyme, I think Avid stock will again strongly react positively to this.

Till these orders start showing up(June CC, or September CC) we will be tossed back and forth to the whims of the market.

Meanwhile a great stock to hide in and perhaps even add as we wait for these good things to come. More Bullish than ever!!!