About Avid Bioservices
Avid Bioservices is a company based in Orange (United States) founded in 2002 by Edward Legere was acquired by GHO Capital Partners in November 2024.. The company has 501 employees as of December 31, 2022. Avid Bioservices offers products and services including Mammalian Protein Services and Viral Vector Services. Avid Bioservices operates in a competitive market with competitors including Bionova Scientific, Just Biotherapeutics, JHL Biotech, ProBioGen AG and Polpharma Biologics, among others.
- Headquarter Orange, United States
- Employees 501 as on 31 Dec, 2022
- Founders Edward Legere
- Stage Public
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Sectors
Healthcare
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Phone
*********
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Website
*********
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Social
*********
- Legal Name Avid Bioservices, Inc.
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Annual Revenue
$139.91 M12as on Apr 30, 2024
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Net Profit
$259 K-100as on Apr 30, 2023
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EBITDA
$-18.68 M-619as on Apr 30, 2024
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Latest Funding Round
$1.07 M (USD), Grant
Sep 11, 2009
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Investors
HHS
& 2 more
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Employee Count
501
as on Dec 31, 2022
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Acquired by
GHO Capital Partners
(Nov 07, 2024)
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Products & Services of Avid Bioservices
Avid Bioservices offers a comprehensive portfolio of products and services, including Mammalian Protein Services and Viral Vector Services. The company's diverse product and service offerings are designed to meet the evolving needs of its customers, address market demands, and provide comprehensive solutions that drive value creation and customer satisfaction across various segments and use cases.
Development and manufacturing of mammalian proteins for pharmaceuticals.
Development and manufacturing of viral vectors for gene therapy.
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Funding Insights of Avid Bioservices
- Total Funding Total Funding
- Total Rounds 2
- Last Round Grant — $1.1M
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First Round
First Round
(29 Jul 2009)
- Investors Count 1
| Date | Amount | Transaction Name | Valuation | Lead Investors | Investors |
|---|---|---|---|---|---|
| Sep, 2009 | Amount | Grant - Avid Bioservices | Valuation |
investors |
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| Jul, 2009 | Amount | Grant - Avid Bioservices | Valuation |
investors |
| Date | Amount | Transaction Name | Valuation | Lead Investors | Investors |
|---|---|---|---|---|---|
| Jul, 2021 | Amount | Post-IPO - Grab | Valuation |
investors |
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| Feb, 2021 | Amount | Post-IPO - Grab | Valuation |
investors |
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| Jan, 2021 | Amount | Post-IPO - Grab | Valuation |
investors |
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| Feb, 2021 | Amount | Post-IPO - Grab | Valuation |
investors |
Investors in Avid Bioservices
Avid Bioservices has secured backing from 3 investors, including institutional and venture fund investors. Prominent investors backing the company include HHS, GHO Capital and Ampersand Capital Partners. This diverse investor base provides strategic capital, industry expertise, and valuable network connections that support the company's growth initiatives, market expansion, and long-term value creation.
| Investor | Description | Founded Year | Domain | Location |
|---|---|---|---|---|
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Specialist healthcare investment advisory services are provided by GHO Capital.
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Founded Year | Domain | Location | |
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Ampersand Capital Partners is focused on investments in healthcare and life sciences.
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Founded Year | Domain | Location | |
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Public health and human services are overseen by HHS.
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Founded Year | Domain | Location |
| Investor | Description | Founded Year | Domain | Location |
|---|---|---|---|---|
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Single family office of Amitabh Bachchan, founder of Amitabh Bachchan Corporation or AB CORP
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Founded Year | Domain | Location | |
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Startup ecosystems are ignited through strategic investments by Signite Partners.
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Founded Year | Domain | Location | |
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Venture capital is directed toward companies in multiple sectors.
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Founded Year | Domain | Location | |
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Venture capital is invested in cybersecurity, fintech, and AI startups.
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Founded Year | Domain | Location |
Investments & Acquisitions by Avid Bioservices
| Company Name | Description | Domain | Location | Founded Year | Amount |
|---|---|---|---|---|---|
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Bionic investment advisor platform
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2016 | ||||
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Fine Asian gourmet food is offered by an internet-first restaurant.
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2016 | ||||
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Physical e-commerce kiosks are deployed for rural purchases in Indonesia.
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2014 | ||||
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Fine Asian gourmet food is offered by an internet-first restaurant.
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2016 |
Financial Statements - Avid Bioservices
| Date | Amount | Transaction Name | Valuation | Lead Investors | Investors |
|---|---|---|---|---|---|
| Jul, 2021 | Amount | Post-IPO - Grab | Valuation |
investors |
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| Feb, 2021 | Amount | Post-IPO - Grab | Valuation |
investors |
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| Jan, 2021 | Amount | Post-IPO - Grab | Valuation |
investors |
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| Feb, 2021 | Amount | Post-IPO - Grab | Valuation |
investors |
Avid Bioservices Comparisons
Competitors of Avid Bioservices
Avid Bioservices operates in a dynamic and competitive business environment, facing competition from various established players and emerging companies in the market. The competitive landscape includes prominent companies such as Bionova Scientific, Just Biotherapeutics, JHL Biotech, ProBioGen AG and Polpharma Biologics, among others. This competitive environment drives innovation, market differentiation, and strategic positioning as companies strive to capture market share and deliver value to their customers. Understanding the competitive dynamics is crucial for assessing market positioning, identifying growth opportunities, and navigating the challenges inherent in a competitive marketplace.
| Company Name | Domain | Founded year | HQ Location | Description |
|---|---|---|---|---|
| domain | founded_year | HQ Location |
Mammalian cell culture biologics are developed through contract research services.
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| domain | founded_year | HQ Location |
Designing technologies to accelerate biotherapeutic development and to reduce manufacturing costs
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| domain | founded_year | HQ Location |
Contract manufacturing solutions for biologics are provided to Asian companies.
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| domain | founded_year | HQ Location |
Contract development and manufacturing organization focussed on therapeutic proteins/antibodies, viral vaccines and biosimilars
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| domain | founded_year | HQ Location |
Develops and manufactures biosimilar drugs and CDMO services for biotechnology applications.
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| Company Name | Domain | Founded year | HQ Location | Description |
|---|---|---|---|---|
| domain | founded_year | HQ Location |
Multiple services are booked via an app-based platform.
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| domain | founded_year | HQ Location |
On-demand services are booked through an app-based platform.
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| domain | founded_year | HQ Location |
App based platform offering on demand delivery and ride-hailing services
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| domain | founded_year | HQ Location |
Operates an on-demand hyperlocal delivery app for food and groceries.
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Latest news on Avid Bioservices
Frequently Asked Questions about Avid Bioservices
When was Avid Bioservices founded?
Avid Bioservices was founded in 2002 and raised its 1st funding round 7 years after it was founded.
Where is Avid Bioservices located?
Avid Bioservices is headquartered in Orange, United States. It is registered at Orange, California, United States.
Who is the current CEO of Avid Bioservices?
Nicholas Green is the current CEO of Avid Bioservices.
How many employees does Avid Bioservices have?
As of Dec 31, 2022, the latest employee count at Avid Bioservices is 501.
What is the annual revenue of Avid Bioservices?
Annual revenue of Avid Bioservices is $139.91M as on Apr 30, 2024.
What does Avid Bioservices do?
Avid Bioservices was established in 2002 in Orange, United States, operating as a contract development and manufacturing organization within the biopharmaceutical industry. CGMP manufacturing capabilities are utilized for drug substances, alongside analytical testing, stability assessments, and process validation support. Quality assurance and regulatory compliance services are also delivered, including inspection readiness, to support client operations in the sector.
Who are the top competitors of Avid Bioservices?
Avid Bioservices's top competitors include Bionova Scientific, Rentschler Biopharma and Just Biotherapeutics.
What products or services does Avid Bioservices offer?
Avid Bioservices offers Mammalian Protein Services and Viral Vector Services.
Who are Avid Bioservices's investors?
Avid Bioservices has 3 investors. Key investors include HHS, GHO Capital, and Ampersand Capital Partners.
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