This account is pending registration confirmation. Please click on the link within the confirmation email previously sent you to complete registration.
Need a new registration confirmation email? Click here

Northwest Bio Fails to Refute MD Anderson Rebuke

By: Adam Feuerstein | 06/20/14 - 09:41 AM EDT

Conspicuously absent from Northwest Biotherapeutics' (NWBO) press release Friday was any mention of the MD Anderson Cancer Center. If MD Anderson didn't rebuke Northwest Bio for inappropriate DCVax-Direct data disclosure, as I reported yesterday, why didn't the company obtain a supportive statement from MD Anderson?

Stumped? Let me give you a hint: MD Anderson really did rebuke Northwest Bio.

Here's how my story went down: I called an MD Anderson spokesperson and shared with her Northwest Bio's statements regarding the DCVax-Direct study. I wanted to know if MD Anderson, as the lead hospital conducting this study, was comfortable with the way Northwest Bio was characterizing preliminary, individual patient case reports in public statements. Is this appropriate? Does MD Anderson condone Northwest Bio's actions? Is the information being disseminated by Northwest Bio about the supposed response to DCVax-Direct accurate? 

In response to my questions, MD Anderson's spokesperson asked me to speak with Dr. Aman Buzdar, the hospital's vice president of clinical research. Let's be clear about this point: I did not cold call every MD Anderson oncologist looking for someone to slap Northwest Bio on the wrist for issuing misleading statements about an ongoing clinical trial. MD Anderson, after examining the statement about DCVax-Direct issued by Northwest Bio over the past month, specifically asked me to speak with Buzdar as a representative of the hospital.

This is why Northwest Bio cannot offer up any real defense this morning, other than a self-serving quote from CEO Linda Powers. 

Where Northwest Bio stands today:

1. The prestigious MD Anderson Cancer Center has labeled the Northest Bio DCVax-Direct data disclosures as "inappropriate" and believes the company is simply trying to create "hype" about its product.

2. Northwest Bio still hasn't disclosed the outcome of an interim efficacy analysis from the phase III study of DC-Vax in brain cancer patients, despite promising an announcement six months ago. The company won't even tell investors how many patients are actually enrolled in the study, or provide any real timelines for the study's completion.

3. Northwest Bio makes believe a German "hospital exemption" for DC-Vax is anything more than compassionate use.


Adam Feuerstein writes regularly for TheStreet. In keeping with company editorial policy, he doesn't own or short individual stocks, although he owns stock in TheStreet. He also doesn't invest in hedge funds or other private investment partnerships. Feuerstein appreciates your feedback; click here to send him an email.

To begin commenting right away, you can log in below using your Disqus, Facebook, Twitter, OpenID or Yahoo login credentials. Alternatively, you can post a comment as a "guest" just by entering an email address. Your use of the commenting tool is subject to multiple terms of service/use and privacy policies - see here for more details.

Markets

DOW 17,132.10 +100.96 0.59%
S&P 500 2,000.09 +15.96 0.80%
NASDAQ 4,555.0710 +36.1690 0.80%

Adam's Tweets

Brokerage Partners

Select the service that is right for you!

COMPARE ALL SERVICES
Action Alerts PLUS

Jim Cramer and Stephanie Link actively manage a real portfolio and reveal their money management tactics while giving advanced notice before every trade.

Product Features:
  • $2.5+ million portfolio
  • Large-cap and dividend focus
  • Intraday trade alerts from Cramer
  • Weekly roundups
Real Money Pro

All of Real Money, plus 15 more of Wall Street's sharpest minds delivering actionable trading ideas, a comprehensive look at the market, and fundamental and technical analysis.

Product Features:
  • Real Money + Doug Kass Plus 15 more Wall Street Pros
  • Intraday commentary & news
  • Ultra-actionable trading ideas
Trifecta Stocks

Trifecta Stocks analyzes over 4,000 equities weekly to find the elite 1% of stocks that pass rigorous quantitative, fundamental and technical tests.

Product Features:
  • Model portfolio
  • Trade alerts
  • Recommendations for over 4,300 stocks
  • Unlimited research reports on your favorite stocks
Stocks Under $10

David Peltier, uncovers low dollar stocks with extraordinary upside potential that are flying under Wall Street's radar.

Product Features:
  • Model portfolio
  • Stocks trading below $10
  • Intraday trade alerts
  • Weekly roundups
Quant Ratings

Access the tool that DOMINATES the Russell 2000 and the S&P 500.

Product Features:
  • Buy, hold, or sell recommendations for over 4,300 stocks
  • Unlimited research reports on your favorite stocks
  • A custom stock screener
  • Upgrade/downgrade alerts
Dividend Stock Advisor

Jim Cramer's protege, David Peltier, identifies the best of breed dividend stocks that will pay a reliable AND significant income stream.

Product Features:
  • Diversified model portfolio of dividend stocks
  • Alerts when market news affect the portfolio
  • Bi-weekly updates with exact steps to take - BUY, HOLD, SELL
Breakout Stocks

Bryan Ashenberg, using sophisticated stock screening and fundamental research, identifies potentially explosive small and mid-cap stocks.

Product Features:
  • Model portfolio
  • Small-cap and mid-cap focus
  • Intraday trade alerts
  • Weekly roundups
Options Profits

Our options trading pros provide daily market commentary and over 100 monthly option trading ideas and strategies to help you become a well-seasoned trader.

Product Features:
  • 100+ monthly options trading ideas
  • Actionable options commentary & news
  • Real-time trading community
  • Options TV
Top Rated Stocks Top Rated Funds Top Rated ETFs