An investment of $10 billion would be equivalent to $40 a share for common. That would allow the firm to initiate additional trials for DCVax-L so it can treat other cancer indications.
Given the patent cliff which many BPs are facing for their checkpoint inhibitors, I believe we will see more combination trials funded as well. Since there's an urgent need here to protect market share that's being threatened very soon I believe the partnership will be at this level of scale. BP partners know spending money must happen to create long term revenue so I believe the partnership will be:
"Go Big Or Go Home!"
Being first to capture market share matters as that helps establish a durable competitive advantage. So BP partner will not dither around with a few hundred million as that's not enough for them to ensure we make it impossible for competitors to arise in the same market. A single trial costs half a billion. Thus the JV will be billions and billions. This would be my strategy if I was in a position to partner with Northwest Biotherapeutics.
I couldn’t agree with you more. You know the trading arena better than I do but I can see with my own eyes how things work here. I believe the stage is set and the pieces are just about all to fall into place
There seems to be a carve out for penny stocks under the Penny Stock Provisions in the Nasdaq Listing Requirements to get around the 90 day min bid requirement.
This might allow the company’s stock to be treated as an Initial Listing as if listing for the first time as a private company. The preferred would have to be priced equivalent to $4 per common share.
Have to take a closer look later at the penny stock exception, but that would be huge to allow for a quick listing and not require a reverse split.