NorthWest Biotherapeutics Inc (NWBO)

[skitahoe]

Flipper, I believe you're right on the money. I believe we'll have trials beginning that are co-sponsored by BP's, but I believe they want to do it when DCVax-L is an approved product in at least one venue. At that time I believe that the BP partner can properly pay for the vaccine they're using in the trial, before that time I think NWBO would have to contribute the vaccine. No doubt the BP will get a discount, and that might be all that constituted NWBO's contribution to being in the trial. These trials could be more meaningful to the BP as they'll add to their label. Most of the patients would be getting treatment with DCVax-L anyway.

I believe that once approved, anyone should be able to purchase DCVax-L for use in a trial. If NWBO agrees to reduce the purchase price, they become a co-sponsor even if they're profiting from every patient dosed in the trial.

I'm not saying that every trial will be structured this way, but I believe we could have at least a few of them.

Gary