You constrain the calculation by limiting to the built out space and saying that is “approved” space. They have a plan for only building out the space they need, when they need it, which is efficient. While they have commercial approval, they also are not market approved so allowing the current space to also be used for producing the products they are required to produce under their regional financing is called cross-subsidization, and being pre-marketing approval, this is WISE.
The space is much larger than your calculation and when they are ready it will be very easy to expand out to the space they need. This has been explained in various documents from the company, but since you presume retail is stupid, deception is far easier.
It was a bit of pretend factual overkill to provide the additional numbers. I’m not going to go that extra mile because this is not my JOB.
It is not “nonsense” that Advent will provide the services to regional companies required under the regional development authority contract. NWBO is not a CDMO. Advent is the only party capable of providing those services. Unless it is your proposal that NWBO default under its regional authority loan agreement, which is unlikely, and unless you think cross subsidization is a bad idea, I doubt it though, since it makes sense to do that when they are not at capacity, then basically your claim is just noise.
Are they busy with other business? I don’t know. But the regional development authority wanted the capacity in place to get that industry started near Cambridge, so obviously it was not already there. Developing new industries takes time. The regional authority wanted that facility to not just be funded for local DCVax-L production but also as a venture funded facility for local companies. LP’s career has been focused on private equity and vc funding for this very purpose, so it makes sense that the regional authority, much smarter than the ridiculous shorts that inhabit this board, did their due diligence and decided to fund such an effort.
All in all, it’s an elegant, well structured, modular strategy for isolating risks and developing a local industry that is much wanted for the next 100 years of development. Very far sighted of everyone involved, but not for the flat earth shorts.
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