CDMO News & Events

Avid Bioservices announced the launch of its new corporate website. The new site, which can be visited at www.avidbio.com, combines Avid's elevated brand story and visual identity with improved functionality and navigation, all aimed at enhancing the visitor experience, particularly for current and prospective customers. The reimagined Avid website captures the company's brand through the tagline, "Discover the Avid effect.", helping educate visitors on the differentiation that positions the company as one of the industry's leading, most trusted biologics CDMOs.

Avid Bioservices announced that Avid stockholders voted to approve the transaction with GHO Capital Partners and Ampersand Capital Partners at the Avid special meeting of stockholders held earlier today. "We thank our stockholders for their support through our time as a public company and the duration of this process," said Nick Green, president and CEO of Avid Bioservices. "We look forward to completing the transaction and delivering significant, immediate and certain cash value to our stockholders." With today's stockholder approval, all closing conditions, other than those to be satisfied at closing, have been met and regulatory approvals have been received, and the Company therefore expects the transaction to close in the coming days. The final, certified voting results for the Special Meeting will be provided in a Form 8-K filed with the U.S. Securities and Exchange Commission.

Avid Bioservices announced that leading independent proxy advisory firms Institutional Shareholder Services and Glass Lewis & Co. recommend that Avid stockholders vote "FOR" the Company's pending transaction with GHO Capital Partners and Ampersand Capital Partners. Nick Green, president and CEO of Avid Bioservices, said, "We are pleased that ISS and Glass Lewis recognize the premium value of the GHO and Ampersand transaction for Avid stockholders, as well as the process run by our Board of Directors to ensure we are maximizing value. We encourage our stockholders to vote FOR our transaction with GHO and Ampersand today."