NorthWest Biotherapeutics Inc (NWBO)

[gnawkz]

Is it possible certain medical institutions in Germany have already started treating patients who qualify under the sickness fund with DCVax-L?

DCVax-L has been approved by both PEI & InEK to be used as an acceptable form of treatment for all types of GBMs. Thus, I believe the general consensus across the board is that pricing is the only major obstacle remaining prior to the start of sales in Germany.

I cannot see how Doctors could turn patients away from an approved treatment just because the Sickness Fund is still negotiating pricing with NWBO. Rather, wouldn’t hospitals treat the patients and submit claims that would be processed after negotiations are completed? Once all claims have been processed, each Hospitals would send a bulk payment to NWBO for all services rendered.

If pricing negotiations finished in September and we assume it takes 45 days to process and pay out a claim for a Hospital, followed by standard payment terms (90 Days) to NWBO, then cash would be received by NWBO in the beginning of 2015.

These are just some thoughts from my side.