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0 -0.00693240901213172 -0.00693240901213172 -0.00693240901213172 0.0225303292894281 0.0225303292894281 0 0
Stock impact report

Avid Bioservices Announces Termination of Stockholder Rights Plan

Avid Bioservices, Inc. (CDMO) 
Last avid bioservices, inc. earnings: 3/10 04:05 pm Check Earnings Report
US:NASDAQ Investor Relations: ir.avidbio.com
Company Research Source: GlobeNewswire
TUSTIN, Calif., Sept. 23, 2019 (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 services to biotechnology and pharmaceutical companies, today announced that its Board of Directors has voted to accelerate the expiration of the Company's Stockholder Rights Plan (often referred to as a “poison pill”). Stockholders do not have to take any action as a result of this expiration. Joseph Carleone, Ph.D., Avid’s Chairman of the Board said, “Since its reconstitution in November 2017, the Board has been continuously seeking to enhance our corporate governance practices and improve long-term stockholder value. In connection with these efforts, the Board recently evaluated the effectiveness of, and the need for, a stockholder rights plan, sometimes called a ‘poison pill,’ and has determined that the rights plan is unnecessary at this Show less Read more
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