NorthWest Biotherapeutics Inc (NWBO)

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“The company believes that this broad (Flaskworks) patent coverage will help it build a strong franchise.” NWBIO 2024

Not fully understanding why they seemed to use franchise to describe themselves (aka NWBO), I asked ChatGPT why a company would refer to itself as a franchise.

“When a biological company refers to itself as a franchise, it means that they have established a business model where they grant individuals or entities the right to operate and sell their products or services under a specific brand name and with support from the company. In this context, the term "franchise" is used to describe the business structure and relationship between the company and its authorized operators.”