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Dendreon follow-on nets $197.4mm

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
  • Biotechnology
    • Gene Therapy, Cell Therapy
    • Large Molecule
      • Antibodies
  • Pharmaceuticals
Deal Status
  • Final
Deal Type
  • Financing
    • FOPO

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