NorthWest Biotherapeutics Inc (NWBO)

[FeMike]

Once the MAA is deemed acceptable, the agency can then begin with the inspection.

The implication is that the MAA must be deemed acceptable first, not the other way around. So the order of operations is:

1) MAA is deemed acceptable
2) inspection occurs
3) MIA is granted

This quote implies the MAA acceptance happens before even the inspection can happen.