Added to YB: 2024-10-10
Pitch date: 2024-10-10
CDMO [bullish]
Avid Bioservices, Inc.
+23.05%
current return
Author Info
Northeastern University Student Value Fund is the premier investment fund at Northeastern University. Visit their website.
Company Info
Avid Bioservices, Inc. operates as a contract development and manufacturing organization for the biotechnology and biopharmaceutical industries in the United States.
Market Cap
$798.9M
Pitch Price
$10.15
Price Target
29.27 (+134%)
Dividend
N/A
EV/EBITDA
-635.76
P/E
-5.22
EV/Sales
6.45
Sector
Biotechnology
Category
growth
Long: Avid Bioservices, Inc. - Competitor Take-Out and Legislative Tailwinds Could Drive 70% Upside to 2027 Revenue Estimates
CDMO: Catalent takeover creates expansion opportunity for Halozyme production. BIOSECURE Act may boost domestic capacity. Late-stage pipeline up 150% in 3yrs, potential $100-200M/yr recurring revenue. Risks: Catalent continues independently, client drug failures. $29.27 PT, 183% upside.
Read full article (3 min)