A biotechnology company focused on the discovery, development and commercialization of novel therapeutics that harness the immune system to fight cancer.
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Dendreon Corporation continues to struggle getting Provenge marketed at a profit. I expect the bleed the last quarter to continue, especially considering the share price increase from $9 to $12 the last few weeks gave it more altitude to drop from.
(The $7-$14 in early January also shows the volitility and expectations).
The hazards of going it alone in a tough medication market, especially with a drug that is expensive and needs customization. I believe Dendreon could still be a buyout candidate by someone with a better channel already established. This was the intent from the beginning. As such, I don't expect to hold this call very long.