Avid Bioservices Inc (CDMO)

[lanoosk]

fellows.... the lack of movement is not unexpected (at least in my opinion). It's a $15MM kick, with another $15MM next year, if needed. No doubt it's another check mark on the plus side for Peregrine, and another arrow in the quiver to further use in our negotiations with any potential suitor. But in all reality this will/does not garner much attention from the street - especially the day before the last summer holiday.

Not trying to play this tranche down, because it does represent a a step forward, but really, just because we all want this thing to take off like a rocket, doesn't mean it will (at least not in the timeframe many of us want). Ultimately, it is my belief, should the science hold, that it will. Hopefully, soon. But really, I think 2013 is the more likely scenario. I truly hope I'm wrong, and it happens sooner...

In deference to loof & Neil Armstrong, these advances are one small step for PPHM, and ultimately one giant leap for mankind. Perhaps we might reach asteroid 6469 named after him (sorry, not you loof!).

All the best for a great weekend....