Replies to post #188316 on Avid Bioservices Inc (CDMO)

[BioBS2012]

How this benefits some unidentified potential competitor is a mystery to me. With all due modesty I am a highly intelligent person and a generalized reference to some "competitive advantage" this gives some other company sounds lame.

Paul, releasing enrollment numbers does have an impact that could be negative. This is a highly competitive field and many companies are competing for the same patient pool to get subjects enrolled into their trial. Companies with greater resources can certainly use that knowledge to their advantage. Whether you believe that such a competitive threat exists or not, I leave that you - I believe it does.

They have stated from the very beginning they will NOT give enrollment numbers and will only communicate if they are way ahead or way behind. For now they are "on track" which means enrollment complete by 2015-end. All the projections made by various people on this board say it will be sooner. The suspense is part of the fun - just a personal opinion.

Anyways Happy Labor Day to everyone.

[geocappy1]

Paul

As a SH we are entitled to the information that is deemed materially important. That is it. If we want more than that we have the right to sell our shares and move on.

Having said that, IMO the company has told us they have dosed patients and they are on track to meet the two year complete enrollment period. In my exchange with IR they have indicated they will do what is mandatory and normal for the industry and could possibly include similar percentage milestones as seen in the other examples ONCE THE MILESTONES ARE REACHED.

For some reason (maybe Fargo or lawsuit, etc) they and most of the industry finds it wise to keep the specifics of these trial enrollment numbers under wraps except for the milestone statement and percentages mentioned above.

My guess is they are fairly intelligent people also and for someone think otherwise would indicate some attributes other than intelligence. According to them, they are doing what they feel is best for the company and the SH.

I guess we can accept that or move on. I was also told the ASM is a wonderful place to voice your concerns.