By Ransdell Pierson
Aug 21 (Reuters) - The chief executive officer of
biotechnology company Northwest Biotherapeutics Inc NWBO.O
said on Friday the company has temporarily stopped screening new
patients for the trial of its experimental brain cancer drug.
CEO Linda Powers said in a telephone interview the company
will issue a statement later Friday explaining why it took the
step, just a few months before it had planned to complete
recruitment of patients for the 7-year-old study of the drug,
called DCVax-L.
Screening is the process by which a company makes sure that
an individual seeking to enter a clinical trial meets
eligibility requirements, such as age and not having had another
cancer for the last five years.
The study is being conducted at over 60 medical centers in
Germany, the United Kingdom, the United States and Canada. When
asked whether the suspension of new patient screening will take
effect in all countries, and whether the suspension was being
required by health regulators, Powers said details would be
provided in the planned company statement.
Shares of the company fell as much as 15 percent, before
easing. At midday, it was off 9.2 percent to $8.06 on the
Nasdaq.
(Reporting by Ransdell Pierson in New York; Editing by Jeffrey
Benkoe)
((ransdell.pierson@thomsonreuters.com; 646 223 6030; Reuters
Messaging: ransdell.pierson.thomsonreuters.com@reuters.net))
Keywords: NORTHWEST BIO SUSPENSION/