SummerStreet Research Partners Reiterates Buy Rating of Northwest Biotherapeutics, Inc.


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NASDAQ:NWBO
06/04/2014 [ACCESSWIRE]

New York, NY / June 4, 2014 / Market Exclusive announces that SummerStreet Research Partners has reiterated a BUY rating and year end 2014 price target or $15.10 on Northwest Biotherapeutics, Inc. (NASDAQ: NWBO).

According to the SummerStreet Research report "NWBO has the potential to significantly improve the treatment of newly diagnosed GBM and other solid tumor cancers. NWBO has developed a platform technology, DCVax, that produces personalized immune therapy. NWBO has two product candidates for all solid tumors and a third product for prostate cancer."

NWBO is a biotechnology company developing immunotherapy products to treat cancers. The company has a broad platform technology with DCVax dendritic cell-based vaccines. The therapeutic vaccines utilize patients' own cells to destroy cancer cells with better specificity and less toxicity than traditional chemotherapies. The lead program is a 312- patient phase III trial in newly diagnosed GBM, the most aggressive and lethal form of brain cancer. The second product candidate is DCVax Direct, which has begun phase I/II trials at MD Anderson for all inoperable solid tumors. In addition, the FDA has approved a 612-patient phase III trial of DCVax for prostate cancer.

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