Avid Bioservices Inc (CDMO)

[The Other Guy]

We agree that King is not the best presenter (based on listening via the phone/web). I prefer to hear Worsley at these investor conferences. Either way, more interestingly will be his verbiage related to partnering/collaborations. With $85M in the coffers and potentially much more with the balance of preferred, it seems they are setting up to go through phase III alone. This may be the position the company is taking to negotiate better terms.

I have given much thought to the dollars gained by ATM and Preferred. Peregrine has said they want to partner, but retain all U.S. rights. Is it possible, the dollars they have raised recently are a show of force that they can go it alone 100% merely to gain that ability to retain U.S. rights. It could be a sticking point in the negotiations.