Replies to post #230735 on Avid Bioservices Inc (CDMO)

[honestabe13]

or maybe enrollment stopped after Opdivo approval, and now they have to fund five years of Opdivo and Bavi. it's always somethin'

[Protector]

vanessapu, believe me HALO is in NO POSITION to cancel.

Actually HALO strongly relies on PPHM/Avid because their SECOND production partner is far from the quality and capacity Avid can produce.

Even more, HALO has SPECIFICALLY indicated that they are so dependant on it that they would have a problem if both these parties would fail. Their annual report says that they are still trying to bring the second partner up to level and that they have production in back order. So Avid is their life-line at this moment.

By the way, ORDERS of HALO are commitments. If they fall apart Avid makes MORE money on it then when they need to do the actual production.

See last HALO annual.