Advent is a contract provider of services. They manage the operation for manufacturing but they do it in the clients location. Why is this so fricking hard for you business neophytes? You keep saying the most stupid things as if you don’t get this contractor notion, as if it is an invention wholly new in the universe to NWBO.
It’s not. Yes, they have employees, whose labor and pensions and benefits are on their spreadsheet and they bill out for it. Such employees on a decision by the contracting firm can move with Advent, their contracts can be bought out and they can remain with the contracting firm. These kinds of arrangements offer maximum flexibility to the end customer and that is NWBO, not the patients, NWBO.
Get it through your thick skull. Advent is not the main deal in this relationship. Advent provides a service that can be transferred back to NWBO, and there is a provision in these contracts to ensure that Advent makes sure that is done in an orderly fashion. NWBO can also transfer it to another firm. I don’t anticipate NWBO will do either thing because the relationship is a positive one and symbiotic. But the value is NOT with the CDMO, not with Advent, and Sawston is not a separate company, it is an asset on NWBO’s spreadsheet. Advent has a license to manage it based on the IP and processes owned by NWBO, and all of that can be orderly transferred to NWBO or whomever NWBO decides to transfer it to, obviously in coordination with a regulator, but the processes and personnel that get slotted in, that is already part of a process and licensing structure set in place, no huge mystery, nothing special that Advent has that can’t be set in place should the contracting firm, NWBO, decide they want to now hold that responsibility. When NWBo pays them, that pays for staff. They have a small initial space to fulfill NWBO’s obligations for regional financing, to contract for services to local small firms too, but that obligation could be handled by anyone designated by NWBO. Advent contracts to provide services for payment only. The IP, all of it, belongs to NWBO.
I own NWBO. My posts on iHub are always posted expressly as just my humble opinion (IMHO) and none are advice, just my opinion. I am NOT a financial advisor, and it is assumed that everyone is responsible for their own due diligence.
