NorthWest Biotherapeutics Inc (NWBO)

[JerryCampbell]

Ms. Powers: We are pretty late-stage in the process. It takes an exceptionally long amount of time and an exceptionally large amount of money to develop a new medical product. It takes more than a decade of time and usually hundreds of millions of dollars. We are more than a decade into this. We spent more than a decade in clinical trials and we are now in what we hope will be the last clinical trial for the lead product that we have, which is an immune therapy for brain cancer. So, we are now on the home stretch. We are down to the last eighteen to twenty-four months after more than a decade of work up till now.

That quote is from November, 2011.