Replies to post #346469 on Avid Bioservices Inc (CDMO)

[north40000]

See www.fiercebiotech.com article dated 2/25/2024.

JNJ closed its 200,000 sq.ft. Brisbane, California R&D facility, laid off 55 workers after hosting a Gene Therapy Summit there on 2/15/2024. Janssen Pharmaceutical is gone, replaced by JNJ Innovative Medicine. JNJ’s $6.5 Phase 3 autoimmune drug has hit its goal(then). Maybe a complex buyout of CDMO(Avid) is in the works? Include HALO and Argenyx also?