Avid Bioservices Inc (CDMO)

[biopharm]

I want to believe the forces are greater to push Peregrine and its pipeline thru the political arena... than those on the opposite side. It will not go down without a fight since the company is already public and there the path has been set up already. If this was a private company ... and very limited scope of people that were aware of it then maybe 40 years from now you'd have a group of people talking of the automobiles that can run without gas but no proof ... and stories of a cancer drug once existed could battle cancer as simple as the common cold.

Its easy to buy out a few here and there.... but Peregrine has thousands of supporters behind it at this point but as we have all seen the power of the FDA trumps all and that is the value of Mr. Garnick at this stage of the game!

-back from June 29, 2011 but shows how we should value Steve King for making this move...of recruiting Garnick but then again... once he seen the potential of Bavi... Garnick couldn't give up the chance of a lifetime!

http://www.minyanville.com/businessmarkets/articles/peregrine-pharmaceuticals-bavituximab-robert-garnick-steven/6/29/2011/id/35458

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"Garnick has a deep understanding of the Food and Drug Administration process, particularly for approval of biotech treatments, King says. The CEO considers his company fortunate to have someone with Garnick’s long history with the agency.

“Rob is the ringmaster,” King says."
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GLTA!