Avid Bioservices Inc (CDMO)

[tech0200]

Typ,

Looking back, they were trying to make as much money as possible for their cronies because they knew they it would take years to reach phase II and III. Eric was apparently involved in the PIPES. We checked his other company that was involved with PPHM. So they were trying to make as much money as possible upfront for themselves and have not been not interested in licensing anything until now and now you would think that they can make a lot more money by getting a deal done.

That's the hope. They own/run the company, we are just retail tools to them. We could have invested the money elsewhere or kept it in the bank.

I don't see how this proposal could help in any way. Nothing else in the past did anything other than the time when they options got voted down.