Avid Bioservices Inc (CDMO)

[skweze]

Another possibility is that the ATM and Series E combo were to defang the CA attorneys, who managed to buy themselves another six months of being a nuisance. I seem to be in the minority opinion here, but it seems plausible that an open lawsuit against the company could be an impediment to other forms of financing and/or partnerships. Now that the company has plenty of cash on hand, they can continue with the Phase III trial without loosing any momentum and ride out the B.S. CA lawyers until June, when the judge appears likely to dismiss the suit once and for all. All imho, of course.