Avid Bioservices, Inc. (CDMO) Bundle
An Overview of Avid Bioservices, Inc. (CDMO)
General Summary of Avid Bioservices, Inc.
Avid Bioservices, Inc. is a contract development and manufacturing organization (CDMO) specializing in biopharmaceutical products. Headquartered in Tustin, California, the company provides end-to-end services for biologics development and manufacturing.
- Founded in 1993
- Publicly traded on NASDAQ under ticker AVID
- Focuses on current Good Manufacturing Practices (cGMP) manufacturing
Company Services and Product Portfolio
Avid Bioservices offers comprehensive services including:
- Process development
- Clinical and commercial manufacturing
- Fill/finish services
- Analytical testing
Financial Performance (Fiscal Year 2023)
| Financial Metric | Amount |
|---|---|
| Total Revenue | $392.3 million |
| Net Income | $43.6 million |
| Gross Margin | 35.6% |
Market Position and Industry Leadership
Key Competitive Advantages:
- Specialized in biologics manufacturing
- Multiple FDA-approved manufacturing facilities
- Extensive experience in complex biologics production
| Manufacturing Capacity | Details |
|---|---|
| Total Bioreactor Capacity | 2,000-4,000 liters |
| Number of Production Suites | 7 dedicated suites |
Mission Statement of Avid Bioservices, Inc. (CDMO)
Mission Statement of Avid Bioservices, Inc. (CDMO)
Avid Bioservices, Inc. operates as a dedicated Contract Development and Manufacturing Organization (CDMO) providing end-to-end services for biologics and biotechnology companies.
Core Mission Components
Strategic Manufacturing Focus
Avid Bioservices specializes in current Good Manufacturing Practice (cGMP) manufacturing of biologics for pharmaceutical and biotechnology clients.
| Manufacturing Capacity | Facility Details |
|---|---|
| 2 cGMP manufacturing facilities | Located in Tustin, California |
| Total production capacity: 48,000 liters | Bioreactor sizes ranging from 50L to 2,000L |
Service Offerings
- Process development
- Clinical and commercial manufacturing
- Fill/finish services
- Analytical development
Financial Performance Metrics
| Fiscal Year 2023 Metrics | Value |
|---|---|
| Total Revenue | $385.4 million |
| Net Income | $45.2 million |
| Gross Margin | 34.6% |
Client Portfolio
Diverse client base across biopharmaceutical sectors:
- 70+ active client relationships
- Clients in oncology, infectious diseases, and rare disorders
- Support for both clinical-stage and commercial-stage clients
Technological Capabilities
Advanced manufacturing technologies supporting complex biologics production:
- Mammalian cell culture platforms
- Microbial fermentation technologies
- Advanced purification techniques
Regulatory Compliance
Comprehensive regulatory support:
- FDA-registered facilities
- Multiple international regulatory approvals
- Consistent track record of successful regulatory inspections
Vision Statement of Avid Bioservices, Inc. (CDMO)
Vision Statement Overview of Avid Bioservices, Inc. (CDMO)
Avid Bioservices, Inc. reported revenue of $392.6 million for fiscal year 2023, with a strategic vision focused on advanced biologics manufacturing.
Strategic Positioning in Biologics Manufacturing
As of 2024, Avid Bioservices operates with the following key strategic positioning metrics:
| Manufacturing Capacity | Facility Locations | Client Base |
|---|---|---|
| 150,000 liters total bioreactor capacity | 2 primary manufacturing facilities in California | Over 70 biotechnology and pharmaceutical clients |
Key Vision Components
- Expand current Good Manufacturing Practice (cGMP) manufacturing capabilities
- Support development of complex biologics and biosimilar products
- Maintain high-quality contract development and manufacturing services
Technology and Innovation Focus
Technological investment metrics for 2024:
| R&D Investment | Technology Platforms | Manufacturing Technologies |
|---|---|---|
| $24.7 million annual R&D expenditure | Advanced single-use bioreactor systems | Multiple expression systems including mammalian and microbial platforms |
Market Expansion Strategy
Market positioning data for 2024:
- Target growth in biologics CDMO market segment
- Focus on rare disease and oncology therapeutic areas
- Projected market share expansion of 12-15% annually
Core Values of Avid Bioservices, Inc. (CDMO)
Core Values of Avid Bioservices, Inc. (CDMO)
Commitment to Scientific Excellence
Avid Bioservices demonstrates scientific excellence through precise operational metrics:
| Total Manufacturing Facilities | 2 GMP-certified facilities |
| Annual Production Capacity | 2,000 liters per batch |
| Quality Control Success Rate | 99.7% |
Innovation and Technological Advancement
Key technological investments in 2024:
- Advanced single-use bioreactor technology
- AI-driven process optimization systems
- Real-time data analytics platforms
Customer-Centric Approach
Customer engagement metrics:
| Active Client Portfolio | 72 pharmaceutical companies |
| Client Retention Rate | 93% |
| Average Project Completion Time | 8.5 months |
Sustainability and Environmental Responsibility
Sustainability performance indicators:
- Carbon emission reduction: 22% since 2020
- Water conservation initiatives
- Zero-waste manufacturing goals
Ethical Business Practices
Compliance and governance data:
| Regulatory Compliance Audits | 6 successful FDA/EMA audits in 2023 |
| Ethical Business Training Hours | 1,200 employee training hours |
| Whistleblower Protection Program | Fully implemented |
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