exactly this is another Cognate in the making ready to be sold really good for LP and LG but not for NWBO shareholders but financed by them. I did not see any lease income from the Sawston facility and for the equipment. have you?
Advent Bioservices began activity as a cell therapy contract development & manufacturing organization in 2016 and is in the process of building a state-of-the-art multiproduct GMP production facility outside Sawston in Cambridgeshire, which will allow the scale up of current commercial production and the provision of contract manufacturing services to meet the growing demand for such services in the UK. Methods, Results & Conclusion
The Sawston facility is located just 7 miles outside Cambridge city centre with excellent transport links to Central London, London Stansted airport and is 4 miles from the M11 motorway. The facility consists of 1700m2 of GMP lab space, 325m2 for process development and an additional 1450 m2 for future expansion. Initial construction work has focused on the building of 2 separate GMP suites with grade B/C classified areas, in house QC testing and office space as well as a multipurpose cryogenic storage unit.
The entire facility will operate under a comprehensive IT infrastructure including eQMS and an eBMR, with a LIMS with secure storage for client documents and paperless systems. ClientS operating within these suites will benefit from already validated cleanrooms, in-house environmental monitoring system as well as training, ancillary services and technical support inclusive of process development and validation. Our cryogenic facilities are available to external clients as off-site storage and offer disaster recovery services as per UK regulatory (HTA) requirements.
Advent Bioservices is currently in the process of applying for licencing and accreditation from UK authorities including the HTA, MHRA and HFEA for the Sawston site.
ClientS plural will be serviced at the Sawston facility BY Advent. So why would NWBO want to CDMO/GMP other clients? Yes, we shareholders dont receive any lease income from Sawston from Advent....
Ok let the name-calling begin, can't wait this is all Anders fault lol ;)
It’s not like NWBO has ever been affiliated with another company before and pumped a lot of money (paid for services at undisclosed rates) only to have that company get sold to the profit of NWBO insiders.
That’s never happened before.
You would think after last time, NWBO would want to really clarify things for shareholders since this is something that is not covered by any quiet period.
I guess it is more efficient to have thousands of shareholders individually piece things together and then argue about how a crucial business relationship works instead of having the company do it once. I guess that would just be another unreasonable expectation and some form of spoon feeding.