If you really dissect this article it does provide some insight into the future strategy and vision for Avid.
In it for the long term:
“Avid is not just interested in short-term opportunities; we are building long-term sustainability. “
Strengthen the company offerings through further strategic partnerships:
“We will also continue to forge strategic partnerships with industry leaders that offer complementary services. “
Timeline for Significant growth and an expanding global footprint:
“In 5 to 10 years, Avid should be significantly larger than it is today, and if there proves to be a move towards localization, it would not be unreasonable to expect a broader global footprint that would allow Avid to deliver customer solutions on other continents.”
Vision:
“Our goal is to be perceived by drug companies as one of the top CDMOs that comes to mind when they are looking for mammalian development and manufacturing services. “
This is Nicholas Green’s roadmap and vision for Avid’s future success. Looks like it will require patience but it gives his roadmap and timeline for ultimate success. He is also speaking to his potential customer base telling them we are in it for the long term. You can be assured we are not putting the for sale sign up any time soon. Provides potential customers some comfort. I don’t think they are going to stop at 250M in revenues. They will likely grow through partnerships expanding their capabilities and capacity. Now the big question is what is their exit point? The end game must still be to sell — but when? JMO...
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