You can bet that the Harvard lawyer has plans for her shares and cares about their value. Advent also owns shares…
Why might Linda Powers have believed that shares of NWBO constituted an acceptable form of compensation for services rendered by Advent? 🤔 Advent & LP have a vested interest in NWBO’s success, which includes their ownership of NWBO shares.
LP’s business acumen & strategic vision for building prospective value for the NWBO shares that she owns also resulted in the acquisition of Flaskworks which is owned by NWBO today. EDEN is a patent-fortified novel manufacturing technology that may add a vast amount of additional value to the company.
Beyond UCLA, LP also acquired commercial IP licenses from TWO additional renowned research institutions which are both increasingly investing in built-in manufacturing capabilities to streamline & support the clinical development of cell-based therapies (this wasn’t the case during the early development of DCVax). Roswell Park’s newly opened manufacturing facility, and the University of Pittsburgh’s BioForge (currently under construction) are state-of-the-art biomanufacturing centers.
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