NorthWest Biotherapeutics Inc (NWBO)

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The NICE appraisal process can and has, in the case of DCVax-l, started long before any potential NICE appraisal decision. Topline can be announced long before any potential NICE appraisal decision. Any potential positive decision from CHMP comes before any potential marketing authorization in Europe (aka: approval). Typically, any potential FDA approval decision for an American therapeutic would come before the NICE appraisal process concludes -- even sometimes before it starts.