Northwest Biotherapeutics Gets Cash Infusion

The Richard M. Schulze Foundation made an equity investment in Bethesda based Northwest Biotherapeutics, Inc.

The microcap biotech received $4.55 million from the foundation on June 28th, 2011.

Currently in Phase III of its leading drug DCVax -Prostate, as the name implies, the treatment was developed as a new way to battle prostate cancer.

 Northwest focuses on creating treatments using personalized medicine techniques, the company moved to Montgomery County, Maryland from the Seattle, Washington area in 2007.

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