Avid Bioservices Inc (CDMO)

[investingdog]

You have too much confidence in the management. Garnick is not running the show, SK is.

Bavi has been around for a long time, the first good trial results were out several years ago and instead of pushing for p3 in breast they shelved the results and went to run a number of p1 and p2 for different cancers. We could have been in p3 for breast a long time ago, probably even finished by now had they stayed with that instead of going for everything at the same time. Once you get an approval and the money that comes with it, then you can run trials for other indications while using it off label on other cancers.

Management wasted a lot of valuable time. Transparency is another problem, I haven't seen another company that keeps the shareholders in the complete dark like PPHM does.