Avid Bioservices Inc (CDMO)

[jbainseky]

Ahhh NO avichi - the contract still has a couple years left and over $20M of funds below the contract value. The extension was for PPHM to provide additional data/recommendations. Now it is in the Government's hands to evaluate and determine if and how to go forward. The contract is still there, valid and ready to go. No one is likely to move on this until the new FY money is appropriated down the Gov't chain to the local contracting organization. That takes a little time. I'm not worried having been in Gov't contracting for many years, this happens all the time.