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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