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Dendreon follow-on nets $197.4mm
12 May 2009
Executive Summary
Oncology therapeutics company Dendreon closed the second largest follow-on public offering so far this year, netting $197.4mm through the sale of 10.7mm common shares at $19.20 apiece. The company will put some of the proceeds towards continued development and eventual launch of its lead candidate Provenge, which just proved a prolonged survival rate in Phase III clinical trials of men with advanced prostate cancer.
Deal Industry
- Pharmaceuticals
-
Biotechnology
- Gene Therapy, Cell Therapy
-
Large Molecule
- Antibodies
Deal Status
- Final
Deal Type
-
Financing
- FOPO
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Dendreon follow-on nets $197.4mm
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