Thursday, May 28, 2020 10:28:58 AM
There will be a very similar outcome here. I have been saying this for more than two years now, so no one should be surprised when NWBO announces the failure of DCVax-L to meet the endpoint targets. The company has known about this failure for six years now but has not said anything to shareholders. Nor have they shared exactly what their revised gameplan is since learning about the likely Phase 3 failure on the defined endpoints. All we know is that it has something to do with a "long tail" and that maybe they are trying to convince the FDA and other regulators to make an exception for their failed trial based on some after-the-fact indicator regarding a small subgroup, or they are looking at combo applications (even though that's not what the Phase 3 trial was about), but the bottom line is that they've never actually said anything to shareholders or shared details of the new strategy. The original endpoints remain unchanged on clinicaltrials.gov, so nobody knows what the plan is. All we know is that when they learned the trial likely failed sometime in 2014-2015, instead of announcing that information publicly and starting over with a new, better-designed trial, they instead decided to cover up what they knew and continue raising money to pay themselves $500,000 salaries, along with conducting numerous insider transactions that resulted in their personally pocketing millions of dollars in additional profit, all of which occurred as the share price steadily lost 95 percent of its value.
This is from the subsequent class-action suit filed against Vical:
The case against NWBIO will be much stronger. In fact, I would not be surprised to see a criminal component.
Recent NWBO News
- Biophma Announces Exclusive In License for Dendritic Cell Technology, Sending Shares Higher • AllPennyStocks.com • 06/17/2024 04:40:00 PM
- Form 8-K - Current report • Edgar (US Regulatory) • 06/04/2024 09:11:16 PM
- Form DEF 14A - Other definitive proxy statements • Edgar (US Regulatory) • 06/03/2024 09:22:55 PM
- Form PRE 14A - Other preliminary proxy statements • Edgar (US Regulatory) • 05/22/2024 08:13:36 PM
- Form 10-Q - Quarterly report [Sections 13 or 15(d)] • Edgar (US Regulatory) • 05/10/2024 09:04:57 PM
- Form NT 10-K - Notification of inability to timely file Form 10-K 405, 10-K, 10-KSB 405, 10-KSB, 10-KT, or 10-KT405 • Edgar (US Regulatory) • 03/01/2024 10:04:38 PM
- Form 4 - Statement of changes in beneficial ownership of securities • Edgar (US Regulatory) • 12/02/2023 01:31:35 AM
- Form 8-K - Current report • Edgar (US Regulatory) • 11/16/2023 10:11:54 PM
- Epazz, Inc. (OTC Pink: EPAZ) ZenaDrone Demonstration to Defense Departments of UAE and Saudi Arabia • InvestorsHub NewsWire • 11/15/2023 12:19:31 PM
- Form 10-Q - Quarterly report [Sections 13 or 15(d)] • Edgar (US Regulatory) • 11/09/2023 09:30:39 PM
- Epazz, Inc. (OTC Pink: EPAZ) US Navy Collaboration ZenaDrone 1000 • InvestorsHub NewsWire • 11/09/2023 01:00:34 PM
- Epazz, Inc. (OTC Pink: EPAZ) US Navy Collaboration ZenaDrone 1000 Extreme Weather Demo • InvestorsHub NewsWire • 11/07/2023 12:29:43 PM
- Form 10-Q - Quarterly report [Sections 13 or 15(d)] • Edgar (US Regulatory) • 08/09/2023 08:36:14 PM
Last Shot Hydration Drink Announced as Official Sponsor of Red River Athletic Conference • EQLB • Jun 20, 2024 2:38 PM
ATWEC Announces Major Acquisition and Lays Out Strategic Growth Plans • ATWT • Jun 20, 2024 7:09 AM
North Bay Resources Announces Composite Assays of 0.53 and 0.44 Troy Ounces per Ton Gold in Trenches B + C at Fran Gold, British Columbia • NBRI • Jun 18, 2024 9:18 AM
VAYK Assembling New Management Team for $64 Billion Domestic Market • VAYK • Jun 18, 2024 9:00 AM
Fifty 1 Labs, Inc Announces Acquisition of Drago Knives, LLC • CAFI • Jun 18, 2024 8:45 AM
Hydromer Announces Attainment of ISO 13485 Certification • HYDI • Jun 17, 2024 9:22 AM