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Avid Bioservices Announces Pricing of Public Offering of Common Stock


Avid Bioservices Announces Pricing of Public Offering of Common Stock
December 10, 2020 09:00 ET
| Source:
Avid Bioservices, Inc
Avid Bioservices, Inc
Tustin, California, UNITED STATES
TUSTIN, Calif., Dec. 10, 2020 (GLOBE NEWSWIRE) Avid Bioservices, Inc. (NASDAQ:CDMO) (NASDAQ:CDMOP), a dedicated biologics contract development and manufacturing organization (CDMO) working to improve patient lives by providing high quality development and manufacturing services to biotechnology and pharmaceutical companies, today announced the pricing of an underwritten public offering of 3,333,335 shares of its common stock at a price to the public of $9.00 per share. The gross proceeds from this offering are expected to be approximately $30 million, before deducting underwriting discounts and commissions and estimated offering expenses payable by Avid Bioservices, Inc. The offering is expected to close on or about December ....

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