Thursday, March 03, 2022 1:39:18 PM
Just because you did not bother to read the lease does not mean I did not.
I've read the lease and the sub-lease.
NWBO absolutely has the right to go into the sublet areas. Granted, they technically need to give 15 days notice, but they still have that right.
As far as other contracts, Advent is committed to provide specials until at least Dec '22. If you want to call that 'a few more months' so be it. However I believe notice of suspension/termination of specials production would be material and therefore we'd find out almost immediately (certainly in a 10-Q) whether such action had been filed. Therefore, you can just say that Advent is committed to provide specials for the next year on a day to day roll.
Also, your big assertion has been that Advent is just going to run their own business out of Sawston and basically cut NWBO off. Now we don't know the nitty-gritty details of this arrangement, but we do know that everything developed thus far has been paid for by NWBO at a cost plus 15 rate. Unless NWBO is just absolutely the worst subcontract negotiator in history, Advent is going to have to clear their activities with NWBO and pay them for use of the equipment, not just the subleased space. At an absolute minimum. It could be (likely is) the case that NWBO will receive the revenue for all products that Advent produce at Sawston. The ancillary services agreement states that Advent will submit SOW's to NWBO for such work and NWBO will approve and pay for it (also at cost + 15%). Now why would NWBO being paying Advent to build out the facility and make other compassionate use products just so Advent can turn around and sell those products for their own revenue?
Recent NWBO News
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- Form 10-Q - Quarterly report [Sections 13 or 15(d)] • Edgar (US Regulatory) • 08/14/2025 09:00:38 PM
- Form 424B5 - Prospectus [Rule 424(b)(5)] • Edgar (US Regulatory) • 07/01/2025 09:04:38 PM
