RE:Nice move!
New agreement, never like more dilution but like the 30 month hold period,means they really are invested in the company and won't bail out. Northwest Biotherapeutics into agreements for large-scale expansion of product manufacturing, handling and distribution (NWBO) : •Co announced today that it has entered into a set of agreements for large-scale expansion of the manufacturing, storage, handling and distribution of its DCVax-L and DCVax-Direct products, development of infrastructure and key systems, and execution of product validation work required for any eventual regulatory approvals, with the Company's long-time contract manufacturer, Cognate Bioservices. •The agreements include a DCVax-L Manufacturing and Services Agreement, a DCVax-Direct Manufacturing And Services Agreement, an Ancillary Services Agreement and a Manufacturing Expansion Services Agreement, as well as a Lock-Up Agreement. •The Company previously announced plans for these agreements, and the program and capacity expansions that they will provide, in July, 2013, and during the remainder of 2013. The agreements were entered into on January 17, 2014. •The updated DCVax-L Agreement supersedes the prior agreement entered into on April 1, 2011. The DCVax-Direct Agreement establishes the arrangements for contract manufacturing and related services, Both the DCVax-L program and the DCVax-Direct program are expected to undergo large expansion during 2014. The Manufacturing Expansion Services Agreement covers activities related to the development of more manufacturing infrastructure worldwide. The provisions of all the Cognate Agreements can be found in the Company's Form 8-K filed on January 24, 2014. 8:19 am On The Wires