Northwest Biotherapeutics to Acquire Advent BioServices, Streamlining Operations and Enhancing Scale-Up Potential
Northwest Biotherapeutics, Inc. has announced an agreement to acquire Advent BioServices Ltd. from Toucan Holdings LLC. Upon completion of the transaction, Advent will become a wholly owned subsidiary, allowing Northwest Biotherapeutics to integrate its manufacturing and product development operations internally. This acquisition is expected to enhance operational scalability and yield cost efficiencies. The agreement includes the transfer of Advent's fixed assets and intellectual property to Northwest Biotherapeutics, along with 19 million NWBio securities previously issued to Advent. Payment for the acquisition will be made in installments over two years, starting 90 days post-agreement, with potential acceleration contingent on regulatory approval of the DCVax®-L product.
Disclaimer: This news brief was created by Public Technologies (PUBT) using generative artificial intelligence. While PUBT strives to provide accurate and timely information, this AI-generated content is for informational purposes only and should not be interpreted as financial, investment, or legal advice. Northwest Biotherapeutics Inc. published the original content used to generate this news brief via PR Newswire (Ref. ID: SF60439) on August 27, 2025, and is solely responsible for the information contained therein.
免責聲明:投資有風險,本文並非投資建議,以上內容不應被視為任何金融產品的購買或出售要約、建議或邀請,作者或其他用戶的任何相關討論、評論或帖子也不應被視為此類內容。本文僅供一般參考,不考慮您的個人投資目標、財務狀況或需求。TTM對信息的準確性和完整性不承擔任何責任或保證,投資者應自行研究並在投資前尋求專業建議。