Northwest Bio needed cash, so it turned to a predatory lender: its own CEO

Northwest Bio needed cash, so it turned to a predatory lender: its own CEO

This troubled biotech needed cash, so it turned to a predatory lender: its own CEO

By ADAM FEUERSTEIN

The company raised $4 million in the second quarter, then immediately turned around and wrote a check for $4.7 million to its chief executive Linda Powers.

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