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Stock Market & Financial Investment News

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August 19, 2014
13:00 EDTDNDNDendreon alternatives could leave no equity value, says Brean Capital
Brean Capital says that while Dendreon's cash position could fund its operations over the next 12 months, the company may not be able to repay or refinance its convertible senior notes due in January 2016. Brean thinks Dendreon's alternatives could leave current stockholders with little or no financial ownership, which it believes would most likely be bankruptcy. The firm keeps a Sell rating on Dendreon with a $0 price target.
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