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Stock Market & Financial Investment News

News Breaks
January 31, 2013
09:01 EDTDNDNDendreon's Provenge still facing headwinds, says RW Baird
Baird's Provenge checks continue to show slow acceptance, slower than expected pace for expense savings, and concerns surrounding competition. The firm recommends staying on the sidelines in Dendreon shares and maintatins its Neutral rating and $6 price target.
News For DNDN From The Last 14 Days
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January 14, 2015
08:33 EDTDNDNDendreon says achieved cash-flow break even in Q4
Dendreon Corporation announced that the company grew sales in four quarters successively, exceeded its revenue target for the first time ever, and achieved cash-flow break even in Q4, starting 2015 on a strong footing. In addition, the first commercial European patient initiated treatment with PROVENGE in Germany the first country outside of the U.S. to offer the novel immunotherapy for advanced prostate cancer since receiving marketing authorization in the EU in 2013. Dendreon finished 2014 strong with a net product revenue for the year ended December 31, 2014 of $303.8M compared to $283.7M for the year ended December 31, 2013. Net product revenue for the fourth quarter ended December 31, 2014 was $79.8 million compared to $74.8 million for Q4. As of December 31, 2014, Dendreon had approximately $122M in cash, cash equivalents, and short-term and long-term investments. In early January, the first commercial patient in Germany began treatment with PROVENGE for advanced prostate cancer.

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