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10:36 EDTDNDN
theflyonthewall.com: Dendreon should continue higher as PDUFA nears, says Rodman & Renshaw
Rodman & Renshaw points out that this morning, the FDA informed Dendreon that the company's amended BLA for Provenge has been accepted for review and has been assigned a PDUFA date of May 1, 2010. The firm expects shares to continue to move higher as the PDUFA approaches and reiterates an Outperform rating on the stock. Rodman & Renshaw also believes Dendreon has a potential takeout value of $5.4B, which equates to $46 per share. :theflyonthewall.com



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February 1, 2010
09:00 EDTDNDN
theflyonthewall.com: On The Fly: Analysts Initiation Summary

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07:23 EDTDNDN
theflyonthewall.com: Dendreon initiated with an Outperform at Cowen

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January 27, 2010
21:13 EDTDNDN
theflyonthewall.com: Barrons.com sees five drug candidates boosting their company's sales in 2010
According to Decision Resources, drug companies could receive FDA approval for 50 new therapies this year with the potential to generate sales totaling $15B a year by 2015. Some drugs have the ability to shine above the others and boost the bottom lines of the companies that make them. Doctors and industry experts helped Barrons.com find five drug candidates that could hit the U.S. market in 2010, improving the treatment of serious illnesses. The list includes Novo Nordisk's (NVO) diabetes drug, Victoza, and Dendreon's (DNDN) prostate cancer therapy, Provenge. Then there's Vivus' (VVUS) obesity treatment, Qnexa, and Amgen's (AMGN) remedy for osteoporosis, Prolia. Finally, Johnson & Johnson (JNJ) and Bayer (BAYRY) hope to jointly market a blood thinner, Xarelto. Bottom-line: these five drugs could be what the doctor ordered for a sales-starved industry and investors looking for returns. Reference Link :theflyonthewall.com