SECURITIES AND EXCHANGE COMMISSION
WASHINGTON, D.C. 20549
FORM 8-K
CURRENT REPORT
PURSUANT TO SECTION 13 OR 15(d) OF THE
THE SECURITIES EXCHANGE ACT OF 1934
DATE OF REPORT (DATE OF EARLIEST EVENT REPORTED) JUNE 20, 2003
NORTHWEST BIOTHERAPEUTICS, INC.
(EXACT NAME OF REGISTRANT AS SPECIFIED IN ITS CHARTER)
| | | | | |
| DELAWARE | | 0-33393 | | 94-3306718 |
(STATE OR OTHER JURISDICTION
OF INCORPORATION) | | (COMMISSION FILE
NUMBER) | | (I.R.S. EMPLOYER
IDENTIFICATION NO.) |
22322 20th Drive SE, Suite 150, Bothell, WA 98021
(ADDRESS OF PRINCIPAL EXECUTIVE OFFICES) (ZIP CODE)
(425) 608-3000
REGISTRANT’S TELEPHONE NUMBER, INCLUDING AREA CODE
21720 23rd Drive SE, Suite 100, Bothell, WA 98021
(FORMER NAME OR FORMER ADDRESS IF CHANGED SINCE LAST REPORT)
TABLE OF CONTENTS
ITEM 2.ACQUISITION OR DISPOSITION OF ASSETS.
On June 20, 2003, the Registrant completed the sale of certain future royalty rights to Medarex, Inc. Medarex is a long-time strategic partner of the Registrant, and holds greater than 10% of the shares of Registrant’s outstanding common stock. Under the terms of the transaction, Medarex will receive any future royalties from products derived from a certain antibody target, in exchange for a cash payment to the Registrant of $816,000, which amount was determined by the Registrant’s board of directors to reflect the present fair market value of the asset. A copy of the Registrant’s press release dated June 20, 2003, announcing the foregoing transaction, has been filed with this Current Report on Form 8-K as Exhibit 99.1.
ITEM 7.FINANCIAL STATEMENTS, PRO FORMA FINANCIAL INFORMATION AND EXHIBITS
| | | | | |
| 99.1 | | Press Release dated June 20, 2003. | | |
SIGNATURE
Pursuant to the requirements of the Securities Exchange Act of 1934, the registrant has duly caused this report to be signed on its behalf by the undersigned hereunto duly authorized.
| | | | | |
| | | NORTHWEST BIOTHERAPEUTICS, INC. |
| | | | | |
| | | By: | | /s/ Daniel O. Wilds |
| | | | |
|
| | | | | Daniel O. Wilds
Chairman and Chief Executive Officer |
Dated: July 3, 2003
EXHIBIT INDEX
| | | |
| EXHIBIT | | |
| NUMBER | | DESCRIPTION |
| |
|
| 99.1 | | Press Release dated June 20, 2003. |
