Friday, July 3, 2020 Daily Archives

Avid preps to kick-off $30-40m manufacturing expansion

Though no date has been set, Avid Bioservices says it is undertaking pre-engineering and design work on a long-awaited facility aimed at supporting soaring demand for biomanufacturing services. For a while, contract development and manufacturing organization (CDMO) Avid Bioservices has been pushing to build out its Myford, California production facility to prepare for continued high demand from the biologics sector. But on its latest financial call, management said the firm is readying itself for the expansion in preparation for growth…