Avid Bioservices Inc (CDMO)

[senrex]

Not trying to be a wise ass here. But my impression is that, compared to the expectations we had a year or two ago, the Bavi mechanism has not yielded results which would indicate a true game-changing technology. The results are good, but not revolutionary. I remember being truly excited about Bavi being able to switch on the body's immune system in such a way that we might actually have something which would be indispensable in the assault against cancer and viruses. It seems that we've been reduced to minor improvements in statistical test results when compared against Avastin (yes, I understand the cancer was of a far more difficult variety than what Avastin was tested against, as well as Bavi having far fewer negative side effects). But, the bottom line impression is that the tone of the Board about what we have has changed; the excitement has been diminished.

If my impression is wrong, I would like to be corrected.

Many thanks.