Replies to post #234358 on Avid Bioservices Inc (CDMO)

[revenue_monster]

Yeah but the same clowns are driving the bus Maz. Thats the concerning part. They continue to underperform and under-deliver. The rush to begin other trials with endpoints other than OS that read out around the time P3 is unblinded also is a concern as they obviously see the ever changing landscape in NSCLC treatments as being a large risk

[exwannabe]

Re: CSM settlement: number is $600k

From the 10Q:

On September 8, 2015, we and CSM entered into a confidential settlement and release agreement to resolve all claims related to the complaint we filed on September 24, 2012 against CSM. Pursuant to the terms of the Settlement Agreement, (i) all claims asserted in the litigation by us will be dismissed with prejudice, (ii) each of the parties to the litigation will receive a full release of all claims, of any nature whatsoever, whether known or unknown, and (iii) CSM will pay to us the sum of $600,000 within thirty (30) days. We will record the settlement amount when payment is received.

Probably enough to pay some of the legal bills.