Avid Bioservices Inc (CDMO)

[freethemice]

Genentech has a licensing deal with Peregrine for some technology involved in
production of antibodies for the PS-imaging platform. Potentially Peregrine will have
to pay Genentech $5 million. There really isn't anything else there. It is chicken feed.
I was just thinking that a deal with Genentech, which is a subsidiary of Roche, would
mean that the future payments could be eliminated, but as I said it is small change if
bavi is approved. I know Genentech has a state-of-the-art facility in Vacaville, CA for
producing tons of antibodies which could come in handy some day.