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Avid Bioservices, Inc. - $CDMO STOCK NEWS

Welcome to our dedicated page for Avid Bioservices news (Ticker: $CDMO), a resource for investors and traders seeking the latest updates and insights on Avid Bioservices stock.

Our selection of high-quality news articles is accompanied by an expert summary from Rhea-AI, detailing the impact and sentiment surrounding the news at the time of release, providing a deeper understanding of how each news could potentially affect Avid Bioservices's stock performance. The page also features a concise end-of-day stock performance summary, highlighting the actual market reaction to each news event. The list of tags makes it easy to classify and navigate through different types of news, whether you're interested in earnings reports, stock offerings, stock splits, clinical trials, fda approvals, dividends or buybacks.

Designed with both novice traders and seasoned investors in mind, our page aims to simplify the complex world of stock market news. By combining real-time updates, Rhea-AI's analytical insights, and historical stock performance data, we provide a holistic view of Avid Bioservices's position in the market.

Rhea-AI Summary
Avid Bioservices to participate in RBC Capital Markets Virtual CDMO Conference on October 2-3, 2023. Nick Green, CEO, will be the featured speaker in a fireside chat.
Rhea-AI Impact
Rhea-AI Sentiment
End-of-Day
1.9%
Tags
conferences
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Rhea-AI Summary
Avid Bioservices reports Q1 revenue of $37.7M, a 3% increase YoY. Backlog increases to $189M. Cell and gene therapy facility expansion on track for Q3 2023 opening. Revenue guidance for FY 2024 remains at $145M-$165M. Net loss of $2.1M in Q1. Cash and cash equivalents at $24.9M.
Rhea-AI Impact
Rhea-AI Sentiment
End-of-Day
-6.8%
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-
Rhea-AI Summary
Avid Bioservices to report Q1 FY2024 financial results on September 7, 2023, and host a webcast. Senior management will discuss financial results and recent corporate developments.
Rhea-AI Impact
Rhea-AI Sentiment
End-of-Day
5.93%
Tags
conferences earnings
Rhea-AI Impact
Rhea-AI Sentiment
End-of-Day
-11.75%
Tags
-
Rhea-AI Impact
Rhea-AI Sentiment
End-of-Day
2.1%
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conferences earnings
-
Rhea-AI Impact
Rhea-AI Sentiment
End-of-Day
-1.84%
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conferences
Rhea-AI Impact
Rhea-AI Sentiment
End-of-Day
0.53%
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none
-
Rhea-AI Impact
Rhea-AI Sentiment
End-of-Day
35.96%
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-
Rhea-AI Impact
Rhea-AI Sentiment
End-of-Day
-1.05%
Tags
conferences earnings
Rhea-AI Impact
Rhea-AI Sentiment
End-of-Day
-12.37%
Tags
Avid Bioservices, Inc.

Nasdaq:CDMO

CDMO Rankings

CDMO Stock Data

559.26M
58.33M
1.1%
91.92%
15.99%
Pharmaceutical Preparation Manufacturing
Manufacturing
Link
United States of America
TUSTIN

About CDMO

avid bioservices, a subsidiary of peregrine pharmaceuticals, inc. (nasdaq: pphm), is a unique contract manufacturing organization ("cmo") partner dedicated to the development and production of monoclonal antibodies, recombinant proteins and enzymes produced in mammalian cell culture. our extensive experience at all stages of development enables us to provide comprehensive development, manufacturing and support services to navigate a biologic from concept to commercialization.