Avid Bioservices Inc (CDMO)

[aikifredicist]

"now what? how is this gona affect the shareholders? stock? the future of this company "

I have not seen a serious discussion of Dr. Thorpe's passing on the future of PPHM. I believe that we all agree that there should be little short term (a few years) impact. I am not as sanguine about the longer term.

His day to day advice will be sorely missed to be sure. But will anyone keep his group at UT together once the idea man and rainmaker is gone? What is the status of his present research contracts and will they be renewed when the time comes? Will promising post-docs seek out his lab? Will the replacement have his or her own divergent interests and priorities. And will the beneficial relationship with PPHM persist.

I know that there are licensed patents that are secure "locking up" ps as a target. That is great. But Thorpe's lab was constantly initiating studies for new applications and improved designs. This was largely funded by government for the public's benefit with PPHM and us stockholders as incidental beneficiaries. Such basic research can not be funded or adequately pursued by a small biotech.

That's why the long term (7-20 years) is problematic for me.
This is a serious question now that the immediate shock of his passing is over.
I am not bashing.
I still maintain my 110k stock holdings in PPHM.