Avid Bioservices Inc (CDMO)

[Notuncoolish]

KT.

I am thinking a 4 to 5X, however it could be much more valuable to Halozyme because it sis their only manufacturer. The case is this. At depressed PPS they can not go to the equity markets to get $$, it would do too much damage. [As though enough damage has not already been done]. If they can sell Avid and have enough cash on hand they will be able to acheive the data they are looking for in order to partner. This move gives them another year to get it done. They may not need all that time, but if they get in a cash crunch sometime next summer they will have little bargaining power unless results have been realized. This will allow them the breathing room they need.

Besides it is in the 10Q:". In addition, we have recently been approached by outside companies interested in a possible transaction related to our wholly owned subsidiary, Avid Bioservices, Inc. In this regard, we have only initially begun to explore strategic alternatives for Avid as a means of raising additional capital."

My info was independantly sourced so I am quite sure this will be a happen.