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Re: Evaluate post# 20190

Thursday, 10/02/2014 10:28:01 AM

Thursday, October 02, 2014 10:28:01 AM

Post# of 682070
You said,

In regards to the HE timeline, I get the impression that the typical time to get through the process is about 5 to 7 months. In recent statements, NW Bio has indicated it expects this to wrap up during this fall (Sept 23 - Dec 22).


If it doesn't happen until Dec, then we have waited 9 months. I would say that contrasts greatly with the statement from NWBO below. To me "coming months" implies the immediate months to follow this month

NWBO PR

The Company expects to activate this program over the coming months.



You said,

Note: it is my impression that no patients will be treated, even under Self-Pay, until the reimbursement negotiations have completed. Would be nice to get this verified.


Again in NWBO's words below they say this will be negotiated over the coming months, not over the coming year. It also states "in the meantime" which implies patients can self pay immediately.

NWBO PR

The amount and terms for such reimbursement will now be negotiated by NW Bio, the hospitals and the Sickness Funds over the coming months, and will be applied to patients case by case. In the meantime, patients may self-pay for DCVax-L.


NWBO PR

As a follow-up to this announcement, the Company will periodically provide further information about its Hospital Exemption program and reimbursement as the information becomes available.


We have been given no periodic updates until a recent generic statement that said we could expect this to be completed this Fall.

The Management Team has to do a better job of executing on the timelines or don't set expectations. These are the things we are waiting on and it seems they don't care, that is concerning to me. Link to PR below;
http://www.nwbio.com/nw-bio-announces-two-german-approvals-hospital-exemption-for-early-access-program-with-dcvax-l-and-eligibility-of-dcvax-l-for-reimbursement/
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