Replies to post #191737 on Avid Bioservices Inc (CDMO)

[Carboat]

PPHM themselves have said end of 2015. Their track record is certainly not one of upside surprises. Predictions by longs on the board have been consistently overly optimistic. The calculus is not good for early 2015

[investingdog]

>>they announce fully enrolled phase III trial early 2015<<

Let's look at the enrollment data
• 5-29-14: 62
• 9-23-14: 141

This would be about 80 in four months, or 20 per month.

(600-141)/20 = 22.95 or about 23 months

So, at this rate it will take 23 months - end of August 2016. They are just too slow. On top of that it looks like the pace is slowing down - last 30 days they enrolled only about 10. At 10 per month it will be in spring 2018.
King has to go for this company to get something done. What happened to all those partnerships he promised a while back? With a good partner they would have at least twice as many enrolled by now.