Avid Bioservices Inc (CDMO)

[Protector]

Threes, IR told you we will see a Bavi partnership before Cotara.

That means they have an outlook on a Bavi partnership and not, or not so far advanced yet, on a Cotara one, otherwise they couldn't have made such statement.

From there I think a strategic moment is waited for to put this partnership in the open when all eyes are on PPHM. That for me would be the 2nd ln NSCLC presentation at ASCO because a partnership related to that pipeline would NOT be deviating from the announced presentation line.

Another occasion would be in combination with the announcement of the follow-up of Thorpe, Brekken's lab for instance. I could imagine that a partner would want some assurance the research will continue. One and the other may depend on the extend of the partnership but if it is for the COMPLETE Bavi pipeline then they'll want that guarantee!

Hence, Thorpe's death itself may have delayed the partnership signing.