Press Release Source: Northwest Biotherapeutics, Inc.
Northwest Biotherapeutics to Present at BIO 2006 Business Forum
Thursday April 6, 8:00 am ET
Highlights Include New Funding and Monoclonal Antibody Product Candidate
BOTHELL, Wash., April 6 /PRNewswire-FirstCall/ -- Northwest Biotherapeutics, Inc. (OTC Bulletin Board: NWBT.OB - News) today announced that its President and Chief Operating Officer, Dr. Alton Boynton, will give a corporate presentation at the Biotechnology Industry Organization\'s BIO 2006 Annual International Convention being held April 9th-12th, in Chicago, Illinois. Dr. Boynton is scheduled to present as part of the BIO Business Forum on Monday, April 10th, 2006 at 2:15 pm in Room B, McCormick Place South, Exhibit Hall A.
Dr. Boynton will provide an update on Northwest\'s product candidates, including therapeutic cancer vaccines DCVax®-Brain for glioblastoma multiforme and DCVax®-Prostate for hormone-independent prostate cancer, and monoclonal antibodies against CXCR4. CXCR4 has been shown to play a major role in the progression and spread of over 75% of all cancers.
Northwest Biotherapeutics recently announced a $5.5 million private placement, and is in late stage clinical development with both DCVax®-Brain and DCVax®-Prostate.
About DCVax®-Brain and DCVax®-Prostate
DCVax®-Brain and DCVax®-Prostate are personalized vaccines designed to stimulate a patient\'s own immune system to fight cancer. They are therapeutic vaccines to treat existing disease. DCVax®-Brain and DCVax®-Prostate are made up of the patient\'s own dendritic cells that have been "educated" to recognize and kill cancer cells bearing the biomarkers of the patient\'s tumor. These vaccines are administered through a simple injection under the skin, similar to an insulin or flu shot.
About Northwest Biotherapeutics
Northwest Biotherapeutics is a biotechnology company focused on developing immunotherapy products that treat cancers more effectively than current treatments, without toxicity, on a cost-effective basis. The Company has two broad platform technologies: dendritic cell-based vaccines, and therapeutic antibodies. The Company\'s three lead product candidates are: DCVax®-Prostate, a personalized dendritic cell vaccine for treatment of hormone independent non-metastatic prostate cancer, which is entering a Phase III clinical trial recently cleared by the FDA ; DCVax®-Brain, a personalized dendritic cell vaccine for treatment of newly diagnosed Glioblastoma multiforme, which is entering a large Phase II clinical trial recently cleared by the FDA; and monoclonal antibodies to CXCR4, which are in late preclinical development for the treatment of cancer. For further information, please visit the company web site at www.nwbio.com.
Statements made in this news release that are not historical facts are forward-looking statements within the meaning of the Private Securities Litigation Reform Act of 1995. Words such as "expects," "believes," "intends," and similar expressions are intended to identify forward-looking statements. Actual results may differ materially from those projected in any forward-looking statement. Specifically, there are a number of important factors that could cause actual results to differ materially from those anticipated, such as the Company\'s ability to raise additional capital, risks related to the Company\'s ability to initiate, and enroll patients in, the planned Phase II trial of DCVax®-Brain and complete the trial on a timely basis, risks related to meeting the clinical endpoints in the planned Phase II clinical trial of DCVax®-Brain, risks related to manufacturing, risks related to the Company\'s ability to initiate, and enroll patients in, the planned Phase III trial of DCVax®-Prostate and complete the trial on a timely basis, the uncertainty of the clinical trials process and whether DCVax®-Prostate or DCVax®-Brain will demonstrate safety and efficacy, and the timely performance of third parties, and risks related to the Company\'s ability to obtain FDA clearance to initiate a Phase I clinical trial for CXCR4 and the uncertainty of the clinical trials process. Additional information on these and other factors, which could affect the Company\'s results, is included in its Securities and Exchange Commission filings. Finally, there may be other factors not mentioned above or included in the Company\'s SEC filings that may cause actual results to differ materially those projected in any forward-looking statement. You should not place undue reliance on any forward-looking statements. The Company assumes no obligation to update any forward-looking statements as a result of new information, future events or developments, except as required by securities laws.
Source: Northwest Biotherapeutics, Inc.