Avid Bioservices (CDMO) Prices 3.33M Share Common Offering at $9/Sh

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Go back to Avid Bioservices (CDMO) Prices 3.33M Share Common Offering at $9/Sh

Avid Bioservices Announces Pricing of Public Offering of Common Stock

December 10, 2020 9:00 AM EST

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... More