Northwest Biotherapeutics (NWBO) Stock Makes a Bullish Move: What to Expect Next?
The Northwest Biotherapeutics (OTCMKTS:NWBO) stock was in action in the markets this past Friday and ended up recording gains of as much as 14.50% as investors piled on to it. As a matter of fact, the stock had been in the news ever since Northwest provided an update with regards to its manufacturing facility in the United Kingdom last Wednesday.
In light of the gains made by the stock, it might be a good idea for investors to take a look at the announcement made by Northwest. In addition to that, the company also provided updates with regards to the Phase III trial of its product DCVax, which provides customised immune therapies to patients suffering from cancer tumours.
The company announced that it submitted an application for the certification of its Sawston facility in United Kingdom to Medicines and Healthcare Products Regulatory Agency (MHRA). It emerged that the entire application package for certifying the facility to produce Good Manufacturing Practice (GMP) clinical grade medical products was submitted back on May 7. It is a major milestone for the company considering the fact that it has prepared for this application for more than two years. As a matter of fact, more than a year of those preparations had been conducted under trying conditions during the COVID 19 restriction in the United Kingdom.
Back in March this year, the extent of the preparations made by the company to get the MHRA certification had been detailed as well. It included the physical build-out of the Sawston facility, preparation of batch manufacturing records, building a team of around 40 professionals with the skills to produce Advanced Therapy Medical Products, and developing more than 500 regulatory documents with regards to the operations of the facility. The excitement among investors regarding this development is understandable and it is now going to be interesting to see if the Northwest stock can add to its gains this week.
Thai Airways International (TAWNF) Stock Makes An Interesting Move: What Next?
As another trading week begins, investors are almost certainly going to take a look at stock that might have recorded significant gains last week and by that logic, the Thai Airways International Plc (OTCMKTS:TAWNF) stock might be one of the stocks to follow.
Over the course of the past week, the Thai Airways stock went on a highly impressive rally and managed to clock gains of as much as 170%. In this regard, it might be worthwhile to take a look at a key development from last week. Thai Airways is currently exploring options to improve its financial situation.
This past Friday, the Thai Prime Minister dismissed reports that the country’s government is going to allocate 50 billion baht towards recapitalisation of the company. Earlier on reports had suggested that Thai Airways was going to turn into a state owned entity again with the government buying back its earlier majority stake in the airline.
However, the Prime Minister stated that the government is not going to be involved while the company is going through its process of debt rehabilitation. Additionally, he stated that no financial support is going to be provided by the government at this point of time.
That being said, he did not completely dismiss the possibility of getting involved. He stated that the government will decide on its plan of action after the debt rehabilitation plan has been implemented. Thai Airways had earlier been a state owned entity but in 2020, the Finance Ministry took its stake below 50% in order to make it easier for the airline to manage its debts.
Additionally, cabinet ministers in the Thai government had also stated that if the company was to become a state-owned enterprise again, then the airline would need to be injected with billions of bahts in the form of loans. This week the stock is expected to come into focus again and investors could do well to keep an eye on it.