Dendreon shares skyrocket on data deal

Shares of Dendreon shot up 42 percent this morning after the company announced that the FDA would accept interim data analysis from an ongoing clinical trial to supplement its stalled application for Provenge. Dendreon's shares have been on a wild roller coaster ride in recent months, hitting a low point earlier this month when the FDA said it would need more data on Provenge before it could be approved. That decision provoked investor panic that the FDA would want a new clinical trial on the drug, adding years of unexpected delays. This morning Dendreon said that regulators would accept "either a positive interim or final analysis of survival" from an ongoing study. Interim data is expected next year.

- read the AP report on Provenge

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