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Northwest Bio (NWBO) secures $30M in new capital

October 21, 2015 12:28pm

NWBO is UP +$0.45 or +9.62% to $5.13. My question is … how encouraging is its “interim” clinical data … without commentary and clinical data points?

Northwest Biotherapeutics (NWBO) inked an agreement with Woodford Investment Management for $30M in new capital via Woodford's purchase of 5,454,545 shares of NWBO common stock at $5.50 per share.

The buy raises Woodford's stake to 28.1% (25,915,937 shares) of the company.

NWBO also issues 700K shares to Cognate BioServices for certain payment obligations and to complete the issuance of shares approved and reported in November 2014.

The Bottom Line: Net proceeds will fund the continued "advancement" of DCVax-L - where is the data?

35 companies, 1 interpreter!

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