Avid Bioservices taps new CBO as it leans into growth
US biologics CDMO Avid Bioservices (Nasdaq: CDMO) has appointed Rich McAvoy as chief business officer, as the company talks up “disciplined execution” and on-time delivery in a market where sponsors have little patience for manufacturing surprises.
Chief executive Kenneth Bilenberg said Mr McAvoy will help connect strategy to execution while keeping a tight grip on compliance and risk management, positioning the hire as part of Avid’s next “chapter of growth.”
Mr McAvoy said his focus will be consistent delivery and a strong customer experience, with Avid aiming to deepen partnerships with biopharmaceutical clients across clinical and commercial supply.
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