Avid Bioservices Inc (CDMO)

[pphmtoolong]

I worked for a company that was bought out twice. A year or so before the first buyout, the company started all these new hot projects, kind of like biosimilars and ISTs all over the place. Looking back, it was clear they were planning to sell the company and wanted to tart it up to net the best price.

I'm not sure Peregrine is doing the same; it looks more like management believes it can go all the way with Bavi on their own or take it so close to the finish line that they can net huge profits from those "undeserved" stock options. I am betting they will succeed. If they do, I will enjoy a cushier retirement than the one I am already enjoying - southern california weather and four close by golf courses.

Paul