Replies to post #130019 on Avid Bioservices Inc (CDMO)

[Protector]

They will get CSM settlement money (5/10milj$ estimate) and Avid income on top of that and we know that is raising good and fast.

But appart from that I am sure that for the negotiation it will make a difference!

The party at the table has time running against them also.
No matter how we turn it, the results from the other trials 2nd ln NSCLC and Breast on top, then Pancreatic Ecog 0 and 1 cannot be ignored. So a candidate at the table knows that others know all this too since ASCO.

BTW, there was only one party at the table to negotiate a partnership BEFORE ASCO (if my info is correct - conditional statement - couldn't verify with a second source). There are more then one now! So that raises the stress and with this cash PPHM bought themselves time and negotiating power.

And what is better is that they used the ATM. I know my posts about that may sound controversial because many don't want to ATM but look at it like this!

If they use the ATM money for the 2nd ln NSCLC trial then the BP at the table knows that the longer he waits the higher the upfront payments will become. Why? Because PPHM invests this money in the CT and performs things that normally would have been in the milestone and would have held some risk. But if PPHM financed them and achieved them then they become more expensive risk less upfront payments and even more attract attention of other BP's.

But, Frustrated, you don't hear me say that with the 44milj they cover the complete CT period. You are absolutely correct about that, but from where I stand they don't have too! This is a game of strategy. Unfortunately for all those with cancer that I had to use the term 'game' in that sentence!