Replies to post #151762 on Avid Bioservices Inc (CDMO)

[biopharm]

Great post RRdog! Glad that you were able to attend the Piper Jaffray conference.

possibility of 150 sites... hockey stick enrollment ... Avid $22-30M vs $18-22M .... all makes for Happy Holidays!

What tops it all off... is the scarcely used ATM this quarter.

[dia76ca]

Good post RR. Shan said "over 100 sites"...and also said that there would be "a couple of interim looks". Combine those factors with the enthusiasm Shan has encountered in the US and Europe and PPHM has been in "...a position to select the highest quality sites." And I agree that there is every indication of a "hockey stick" enrollment potential. I would not be at all surprised to see Bavi/Docetaxel approved after the first interim look.

[Protector]

Thanks. Your opinion and analyses are top-on IMO. If you where at PJ then you have even a stronger base to write what you wrote then all others on this board.

Surprised about the 150 vs 100 centres. If they can indeed play that out then we need only 2 patients per centre to reach 50% of the total enrolment. It is clear that in that case they intend to speed things up.

Do you by any coincidence happen to have heard, at PJ, information about the price per patients (the 100K$) and if it is a fully budgeted price (from preparation, over enrolment, up to and including processing the results and presenting them to the FDA)?

Agree about the loan. They called it a "small complementary loan" and indeed Avid income came up again as collateral. (it changed after they got part of that gov contract).

[md1225]

ALL LONGS READ!!! THANK YOU RRDOG

[purpledawgs]

RRdog:

You always seem to understand the financial side better than most. What is your take on this S-3 registration. Do you think this has some relation to a possible partnership deal, or do you think it is more related to a debt financing of some kind? Lytle mentioned a possible debt offering in the most recent conference call. Could PPHM be securing some sort of convertible note that would include later conversion to preferred shares? Is there some other debt instrument that would involve preferred shares to the investor/lender?

Thank you in advance for your insight.

PD

[bigwup]

RRDog, we would love to hear your take on this latest news....