NorthWest Biotherapeutics Inc (NWBO)

[Umibe5690]

In re K.Power

As I understand, she is based in Edmonton. Why would someone in Edmonton be hired by NWBO? Why not in Toronto or Ottawa? Why a CFA? Why now? The whole thing made little sense to me and market reaction was nil.

What does Edmonton offer that might be of any value or attraction to NWBO?

Well, it so happens that there are a number of pharma companies there. For example, there is Quest PharmaTech listed on the TSXV. Relatively small company. It makes equity investments. One such investment is in OncoQuest Inc. which is developing an antibody based immunotherapeutic product for cancer. It recently entered into an asset transfer agreement with Korean based OncoQuest Pharmaceuticals for USD 300 million and holds a 45% ownership share. It has made other various investments in cancer development projects including pancreatic cancer in China and the US.

Another pharma company is Gilead Alberta.

There are also about 150 investment funds based in Edmonton. FWIW.