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Avid Bioservices Inc

Avid Bioservices Inc (CDMO)

7.68
0.00
(0.00%)
Closed March 01 04:00PM
0.00
0.00
(0.00%)

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CDMO News

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CDMO Discussion

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westjtter westjtter 1 day ago
Appreciate your point of view, and I agree, if Nick hugely disappoints on the March CC, our share price will definitely head lower. But, what if it is an upside surprise? What if they are finally making progress filling their excess capacity??? Any thoughts here??
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Preciouslife1 Preciouslife1 2 days ago
Cramer posts that Viking DOES NOT HAVE THE CAPABILITY TO MANUFACTURE THEIR DRUG IN HOUSE!!!!
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Cubflyer1946 Cubflyer1946 2 days ago
Total garbage stock and company. March quarterly will be another unmitigated disaster, driving share price back to $4 or lower. POS!
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Preciouslife1 Preciouslife1 2 days ago
Thank you North40000 for the salient reply and or take on what I posted about Viking! Today Viking hit a high of $98.41
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north40000 north40000 2 days ago
It is logical that Viking would use a West Coast facility for making its oral( liquid capsule or solid pill) or injectable form of its weight loss med or its dementia/AD med. HALO’s CEO is attending 3 conferences in March; she is reported to not have attended the JPM conference in January. VKTX is located in San Diego. CDMO has an updated reactor facility in Tustin and a totally new reactor plant near John Wayne airport, a little further north from Tustin. Forest City and south San Francisco, homes of GILD and JNJ reactor/manufacturing facilities, are still further north. CDMO is a supplier to HALO. See my posts on the ANIP board re former CDMO BOD member Arthur Shwartz and his travels since.
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ArchieK ArchieK 2 days ago
Agree just chuckle to think these guys make a living printing this relatively useless info. I'm assuming the sales team was selling the capacity long before it was done so the timeline should be coming to a good conclusion soon if they're being successful.
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westjtter westjtter 2 days ago
I take all of these recommendations and this article in general with a huge grain of salt. No one was able to predict the original upward trajectory of the share price to $34 and ever since have just been following the share price down with their price targets.....even the research is meaningless!

Here is all that matters.....Avid now has $400 million plus of capacity with most costs fixed in their current revenue range($150 to $160 mil)....they start bringing in new orders and the revenue goes straight(well not 100% straight) to the bottom line...the actual cost of the new manufacturing revenue is incrementally low and most of this increased revenue is therefore profit.

The share price going forward is all about filling the capacity and none of the current analysts have any idea how many new contracts are being or have been signed until they hear the quarterly CC and see the revenue numbers like all the rest of us.

We blow away the expectations and up go the projections along with the share price.......if revenues remain flat and Nick is not upbeat about securing new orders in the short term.....well that would not be so good!!

Once again hoping that the sales iteam is starting to get some traction and new orders have started to come.....but I have no information on this and neither do the analysts covering this stock!!!
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Preciouslife1 Preciouslife1 3 days ago
Not YET, but maybe WILL, CAN BE … With Catalent being bought out that narrows the field of CDMO?S….
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ArchieK ArchieK 3 days ago
https://www.defenseworld.net/2024/02/25/avid-bioservices-inc-nasdaqcdmo-receives-consensus-recommendation-of-moderate-buy-from-brokerages.html Interesting. 3 different analysts quoted and the price difference is incomprehensible to me... Also interesting to compare my share count to Hancock.
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Threes Threes 3 days ago
Are they CDMO client?
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Preciouslife1 Preciouslife1 3 days ago
VIKING Therapeutics β€” The clinical-stage biotech soared more than 90% after fulfilling primary and secondary endpoints in its Phase 2 GLP-1 study. Viking said its Phase 2 Venture trial showed weight loss in patients receiving the VK2735 treatment.
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Preciouslife1 Preciouslife1 3 days ago
https://www.ucl.ac.uk/news/2024/feb/covid-19-antiviral-treatment-should-be-taken-longer
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Preciouslife1 Preciouslife1 3 days ago
YES GOOD UPWARD MOVEMENT ACTION LATELY!!
JOYOUS THAT I WAS ABLE TO INCREASE HOLDINGS BY 20% @ $4.20 SHARE! Buy when there’s blood in the streets the old saying!
ALL THE VERY BEST TO ALL LONG SHAREHOLDERS ….
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ElSid18 ElSid18 3 days ago
Last time we closed above $8.00? October 16,2023...GLTA..
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westjtter westjtter 4 days ago
There appears to be some optimism about Avid shares and with the positive market winds blowing our way, perhaps we have a shot of closing over $8??? I know the MM's have a way of closing us lower at the end of the trading day but this is also starting to change now that the bulk of the selling by institutions wanting to get out is over?🤞 So if not today....possibly even before our upcoming CC???

We keep hearing more and more about the all of the weight loss drugs on the market and others coming soon....Zealand Pharma out of Denmark is the latest to tout outstanding ph 2 trial results and with their fast track designation, have a good shot of making it to the market. As I mentioned before, the Novo buyout of Catalent to help produce their weightloss drugs(Wegovy and Ozempic) shows the intense competition out there by companies such as Novo and Lilly(and soon to come from Astra Zeneca and Roche)to increase their supplies and garner additional manufacturing production wherever it is available!

So Avid has to benefit from this....if not from directly manufacturing these weightloss drugs, to possibly manufacturing other drugs that are being squeezed out by the popularity and it seems endless demands of all of these obesity drugs currently on the market along with others coming soon.

So perhaps Avid is making some progress with starting to fill up some of their excess capacity? If this is the case, we are in for a good ride over the next couple of years!!! What will Nick share with us at their upcoming CC in the coming weeks??? I am getting a little more optimistic...but still cautious as it may still be a little early??? We will see!!!
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unpathedhaunt unpathedhaunt 4 days ago
OT: "European Medicines Agency CHMP Approves 2 #H5N1 Vaccines For Human Use"
https://afludiary.blogspot.com/2024/02/european-medicines-agency-chmp-approves.html
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cheynew cheynew 7 days ago
HALO is looking stronger this week. From 35.20 on 2/20 to 40.31 today. Hopefully due to products made by CDMO.
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westjtter westjtter 7 days ago
Blowing through $8 would have been nice but I am OK with consolidating here in the mid to upper $7's....will we actually slowly move into the $8's in the next couple of weeks in anticipation of a solid quarter of revenue.....in solid I mean beating projections and expectations??!!

And will Nick give us something on future revenues to start the assault on $10 per share??? The overall market has been a tailwind of late, but at one point we are going to need something from Tustin to sustain this rally!!!
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r622102675 r622102675 7 days ago
Englander’s Millennium Management mentioned in today's WSJ... https://www.wsj.com/finance/investing/the-hedge-funds-that-changed-the-game-857abc5b ...r
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jbainseky jbainseky 7 days ago
MM tries in pre-market to get momentum players in, unsuccessful, so now take it down to accumulate? Back to the low volume swings made possible by the MM
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jbainseky jbainseky 7 days ago
might not get what you wished for! 7.77 now
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4OurRetirement 4OurRetirement 7 days ago
Great, No UpGAP! Next, Let's See BullRun glta,eom.
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4OurRetirement 4OurRetirement 7 days ago
First $8.05, Then $8.50, Then $9+...? Good Luck...

$CDMO StockHOLDERS.
OverDue An Upwards Price Correction!
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4OurRetirement 4OurRetirement 7 days ago
I Hope PPS Touches $8.05 After Open, BEFORE...

This Bull Run Starts.
We Don't Want Any New UpGAP's...
At Least Not Without A Juicy PR
Glta $CDMO Bulls, Watchers, & StockHOLDERS!
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jbainseky jbainseky 7 days ago
looks like someone mistakenly put in a market order.
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cheynew cheynew 7 days ago
454 volume. Odd to see trades at times listed. Head fake I assume but it would be nice to be real.

02/23/2024 8:20:00 EST I 8.7566 10 NDD
02/23/2024 8:19:51 EST I 8.45 1 CBOE EDGX
02/23/2024 8:17:39 EST I 8.45 4 CBOE EDGX
02/23/2024 8:17:03 EST I 8.16 30 CBOE EDGX
02/23/2024 8:16:31 EST I 8.56 1 CBOE EDG

02/23/2024 7:53:23 EST I 8.27 1 NDD
02/23/2024 6:56:41 EST I 9.0433 2 NDD
02/23/2024 5:37:41 EST I 9.0426 50 NDD
02/23/2024 5:25:49 EST I 9.0433 1 NDD
02/23/2024 4:57:04 EST I 9.0424 61 NDD
02/23/2024 4:54:50 EST I 9.0432 10 NDD
02/23/2024 4:39:49 EST I 9.0433 1 NDD
02/23/2024 4:25:44 EST I 7.99 1 ARCA
02/23/2024 4:25:44 EST I 8.05 1 NSD
02/23/2024 4:14:06 EST I 7.75 10 ARCA
02/23/2024 3:44:11 EST I 8.26 1 NDD
02/23/2024 3:43:37 EST I 8.26 30 NDD
02/23/2024 3:35:22 EST I 8.26 50 NDD
02/23/2024 3:35:22 EST I 8.26 3 NDD
02/23/2024 3:35:22 EST I 8.47 37 NDD
02/23/2024 3:35:22 EST I 8.47 15 NDD
02/23/2024 3:29:32 EST T 8.47 136 NDD
02/23/2024 3:25:13 EST I 8.27 2 NDD
02/23/2024 3:01:14 EST I 8.27 1 NDD
02/23/2024 2:29:37 EST I 8.27 10 NDD
02/23/2024 1:58:48 EST I 8.02 2 NDD
02/23/2024 1:51:42 EST I 8.02 1 NDD
02/23/2024 1:51:42 EST I 8.02 1 NDD
02/23/2024 1:51:27 EST I 8.02 50 NDD
02/23/2024 1:21:24 EST I 7.78 9 NDD
02/23/2024 1:17:09 EST I 8.02 1 NDD
02/23/2024 1:15:54 EST I 7.83 1 NDD
02/23/2024 0:08:35 EST I 8.27 1 NDD
02/23/2024 0:05:55 EST I 8.27 3
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DrRocker57 DrRocker57 7 days ago
anyone have any info on the pre market rise to $9.04 on 138 shares?
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jbainseky jbainseky 1 week ago
Possibly, but don't think that doesn't happen.
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westjtter westjtter 1 week ago
Heh, like $100 mil in new business for the 3rd quarter???

Yes agreed, that would send the share price flying, but for the parties behind the convertible loan to actually convert to shares would be down the road a ways(as in the $30 range) and would IMO be a huge confidence booster to the entire market. For one thing, we would at that point be back in the S&P 600 or again qualify for it which would bring a lot of buying in from most of the same companies that sold us off when we were demoted out.

Yes there would be some dilution, but the selling(if they chose to sell immediately after conversion) could easily be absorbed by all of the new buying!! I think this would be the thing to really put us into the big leagues and open all kinds of new expansion/merger possibilities!

If this share price gets high enough to cause this conversion, we will all be huge winners! At the very least, it would be an easy exit point for those wanting and waiting to get out!!!
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djohn djohn 1 week ago
Exactly how would the convertibles send our stock price flying?

IMO the only thing that would send our SP flying is a significant increase in newly acquired manufacturing contracts. Like over $100 mil in new business for the 3rd quarter.
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ElSid18 ElSid18 1 week ago
Market Cap over 500Million....Been a while since that happened!!
Chart looks excellent....we should be surging to $10 before any real correction...GLTA..
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djohn djohn 1 week ago
Wouldn't that be inside information?
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westjtter westjtter 1 week ago
Yes, good point....the Convertibles could really send this thing flying. As we all know, this stock can move very quickly!
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jbainseky jbainseky 1 week ago
And rest assured, there are people (obviously tied to the convertibles) know the compounds awaiting approval.
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jbainseky jbainseky 1 week ago
I thought Nick made it pretty clear that filling capacity was tied to drug approvals. The likely path for the PPS will be tied to those approvals. Get a high percentage, we are over-filled as far as capacity. Low approval percentage, we have unused capacity. If enough are approved and capacity is filled, that's when the PPS takes off and AVID is bought by the pharma.

FFTT
JBAIN
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westjtter westjtter 1 week ago
Well because of the overall strength in the market, we seem to be holding quite comfortably over $7(🤞) but to go higher($8 to $10 and beyond) we really need a catalyst coming from Tustin.

The fact that Nick is staying around gives me some comfort that he is still optimistic about filling up the capacity in the not too long term. At the same time, if we do not see any progress this quarter and we are again met with flat sales, we are certainly heading back into the $6's and perhaps even lower.

If on the other hand we are starting to see sales come in and projections of $200 mil plus in the coming year with continued growth going forward, we will finally start seeing our share price respond.

And conversely, if we are not getting any traction or very little traction on the revenue side(remember that profits and margins are all about increasing revenue as a lot of Avid's ongoing costs are fixed) I would think that Nick will start looking for a buyer, as in a BP that needs some additional capacity to meet their current drug demand(as we have seen with the Novo/Catalent deal).

If we start seeing progress on totally filling our longer term capacity, we have a good shot at new highs, if however we stall here on sales, I would think Nick will try and get a sale for the company and then move on, as I just do not see him staying on board if the sales team can't start bringing in the revenue! If the company is sold, I would think we would be fortunate to get $15....but that is just a WAG.

I am hoping for the former, but to be fair, I thought we would have made a little more progress by now based on how Nick originally spun the expansion and renovation story.....so we will see....the economy continues to show strength....the BP's have a lot of cash on their balance sheet....we are getting near to the point where it is swim or sink!
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Preciouslife1 Preciouslife1 1 week ago
https://www.nih.gov/news-events/news-releases/researchers-optimize-genetic-tests-diverse-populations-tackle-health-disparities
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horselover45 horselover45 1 week ago
Maybe I am reading to much in my thoughts but Nicks presentations the last two CC's were so different. Two CC's ago it was just terrible but I thought much more upbeat the last one.
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djohn djohn 1 week ago
🤞 Hope so or we're ...
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horselover45 horselover45 1 week ago
They all seem to be happy.
Like you said hope that means some good business to be announced in about two weeks.
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djohn djohn 1 week ago
Hope these developed some significant new business this quarter!

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cheynew cheynew 2 weeks ago
Institutional shares 102.99%
https://fintel.io/so/us/cdmo#google_vignette
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r622102675 r622102675 2 weeks ago
465k block at 3:30…r
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westjtter westjtter 2 weeks ago
Russell 2000 is having a very good day up 1.76%....could this mean the rally is broadening or are we just entering a period of higher volatility?? Interesting that our share price is heading higher as our institutional holdings are or have decreased! If the selling is now largely done, which we all believe and hope it is, when the instituions come back or those remaining add to their positions, this stock could really start running the other direction!

Of course this is all dependant on Avid filling up their capacity profitably.....it will be interesting to see how much progress has been made towards this in the upcoming CC in March!🤞
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r622102675 r622102675 2 weeks ago
MM trying to create some liquidity for a run to $8?…r
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4OurRetirement 4OurRetirement 2 weeks ago
Can $CDMO Bulls Reclaim $8's Today? Open DownGaps:...

Direction Date range
down Oct-12-2023 9.24 to 9.19
down Oct-02-2023 9.42 to 9.38
down Sept-08-2023 11.55 to 11.51

Glta Bulls, Watchers, & StockHOLDERS!
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cheynew cheynew 2 weeks ago
Interesting the bid is 7.64 for 2000 shares.

Also interesting T Rowe Price added 750 K shares. II down to 92.74%.

2024-02-14 13G T. Rowe Price Investment Management, Inc. 3,607,653 4,352,252 20.64 6.90 18.9
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jbainseky jbainseky 2 weeks ago
MM cleaning up the books. He's probably made a good profit the past few days.
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cheynew cheynew 2 weeks ago
02/14/2024 16:19:09 EST T 7.62 18900 NDD
02/14/2024 16:07:41 EST T 7.62 28200 NDD
02/14/2024 16:07:30 EST T 7.62 94300 NDD
02/14/2024 16:07:22 EST T 7.62 141400 NDD
02/14/2024 16:02:58 EST T 7.62 46768 NDD
02/14/2024 16:02:45 EST T 7.62 46768 NDD
02/14/2024 16:00:00 EST X 7.62 173397
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hayward hayward 2 weeks ago
4ourreitermant

Looks like covering to me 350,00 shares traded regaining all of yesterday's losses wish I could say the same for amrn o well nice to see for cdmo


Michael
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