Northwest Biotherapeutics, Inc. Reports Earnings Results for the Third Quarter Ended September 30, 2020
January 15, 2021 at 11:03 am
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Northwest Biotherapeutics, Inc. announced earnings results for the third quarter ended September 30, 2020. For the third quarter, the company announced total revenue was USD 216,000 compared to USD 593,000 a year ago. Operating loss was USD 47.877 million compared to USD 6.585 million a year ago. Net loss was USD 194.096 million compared to USD 6.371 million a year ago. Basic loss per share from continuing operations was USD 0.26 compared to USD 0.01 a year ago. For the nine months, total revenue was USD 788,000 compared to USD 1.513 million a year ago. Operating loss was USD 63.246 million compared to USD 21.247 million a year ago. Net loss was USD 249.522 million compared to USD 27.357 million a year ago. Basic loss per share from continuing operations was USD 0.36 compared to USD 0.05 a year ago.
Northwest Biotherapeutics, Inc. is a biotechnology company. The Company is focused on developing personalized immune therapies for cancer. It has developed a platform technology, DCVax, which uses activated dendritic cells to mobilize a patient's own immune system to attack their cancer. The Company's product line includes DCVax-L and DCVax-Direct. DCVax-L is designed to treat solid tumor cancers in which the tumors can be surgically removed. It has completed a 331-patient international Phase III trial of DCVax-L for Glioblastoma multiforme brain cancer (GBM). DCVax-Direct, is designed to treat inoperable solid tumors. A 40-patient Phase I trial has been completed and included treatment of a diverse range of more than a dozen types of cancers. The Companyâs wholly owned subsidiaries include Flaskworks, LLC, Northwest Biotherapeutics Limited, Aracaris Capital, Ltd, Northwest Biotherapeutics B.V., and NW Bio GmbH.