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Dendreon (DNDN) +6.9% - although down from earlier highs - on rumors it might be trying to sell...
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Tuesday, July 24, 2012, 11:23 AM ETDendreon (DNDN) +6.9% - although down from earlier highs - on rumors it might be trying to sell itself, with Celgene (CELG -0.2%) one name being mooted. Feeding the speculation beast is new CEO John Johnson working from New Jersey even though the company is based in Seattle.
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Read what JJ said, this is his last company, that does not sound logical
I bought stock in DnDn and made some good money it in non-approved and early approved days but I don't understand the management of this company and their inability to sell this product to the medical profession and to the public. Why wait until the patient is dead and give them the treatment? It appears to me that this company and Dr. Gold in particular has developed Provenge (their only product) for the sole reason to make Dr. Gold rich...and it has. Hasn't done ole barney b smith much good though.
If your oncologist started advocating Provenge for you even before it got approved, you should have more trust in it's potential now.