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Doc logic

11/06/25 7:40 PM

#796658 RE: GoodGuyBill #796623

GoodGuyBill,

I agree!; ). Detangling simplifies a big move whatever that move may be that fulfills the statement that NWBO would look like a very different company; ). I can think and have thought of some nice merger and acquisition possibilities and I guarantee that Linda and some others are way ahead of me on this; ). Best wishes.
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Chiugray

11/06/25 9:24 PM

#796671 RE: GoodGuyBill #796623

GoodGuyBill, On your question on why unify the full stack now (acquisition of Advent CDMO, manufacturing, IP, trial data) right before a regulatory decision:

Here are my thoughts, as I believe NWBO wants to build a dominant franchise:

Operational
- Prior to major ramp-up in commercialization, ownership is best.
- Direct control is crucial for quality assurance and process consistency.

Regulatory
- An important "check the box" item for MHRA during labeling and approval negotiations
- Assures regulators of NWBO’s commitment and capability to scaling-up production by bringing critical functions in-house.

Financial
- Acquisition of Advent means NWBO does not pay a CDMO a 15% mark up. That directly increases NWBO’s gross margin %.
- Post-approval, analysts will focus on financial forecasts, specifically Gross margin and Net Profit.
- Strong GM % relative to biotech peers is critical for Institutional investor comparisons and assigning valuation premiums before a financing.
Bullish
Bullish
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Kam8

12/07/25 1:09 AM

#801461 RE: GoodGuyBill #796623

Hi Sir, I'm just buying as much as I can. I thought big news behind the Scene after LP sold Advent to nwbo. Partnership/Merger/BO?