Avid Bioservices Inc (Nasdaq:CDMO)
July 10th, 2018
Amidst rising markets Avid Bioservices Inc closed Sunday up 8.90%, a $0.39 increase to close on $4.77. The stock continues to trade well at 113% of its 52 week low of $2.24.
CDMO outperformed the rest of the Healthcare sector which went up 0.41% today.
Avid Bioservices Inc Info
Avid Bioservices, Inc. operates as a contract development and manufacturing organization focusing on the development and cGMP manufacture of biopharmaceutical products derived from mammalian cell culture. It provides a range of process development, and cGMP clinical and commercial manufacturing services for the biotechnology and biopharmaceutical industries. The company produces monoclonal antibodies and recombinant proteins in batch, fed-batch, and perfusion modes; and provides services, including cGMP clinical and commercial product manufacturing, purification, bulk packaging, stability testing, and regulatory strategy, submission, and support. It also offers various process development activities, including cell line development and optimization, cell culture and feed optimization, analytical methods development, and product characterization. The company was formerly known as Peregrine Pharmaceuticals, Inc. and changed its name to Avid Bioservices, Inc. in January 2018. Avid Bioservices, Inc. is based in Tustin, California.
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