Dendreon Soars 50% On Business Update

Dendreon Soars 50% On Business Update
Market News •

Dendreon Soars 50% On Business Update

Shares of biotech group Dendreon Corp. DNDN +41.97% soared nearly 50% to $11.06 after it reported better-than-expected sales of its prostate cancer therapy Provenge.

Dendreon attributed the boost to improved insurance reimbursement for the product, noting that the average reimbursement period for prescribing physicians had dropped to less than 30 days. Dendreon added that approximately 75% of Dendreon users had no or minimal out-of-pocket costs for the product.

Market Watch

Share Tweet
Prev Story

Next Story

More In Market News

News

Stocks Off to Stellar Start in May

Stocks were kicking off May in high style Tuesday, posting sharp gains after a much better-than-expected report on U.S. manufacturing activity. The Dow Jones Industrial Average was rising 103 points, or 0.8%, at 13,317, after hitting a four-year high at 13,338. The S&P 500 was up 14 points, or 1%, at 1413, and the Nasdaq was adding 23 points, or 0.7%, at [...]

News

Bank Of America, JPMorgan: Dow Midday Movers

U.S. stocks were rising in midday action Tuesday following a better-than-expected read on U.S. manufacturing activity.The Dow Jones Industrial Average was up more than 116 points, or 0.9%, at 13,330. The biggest percentage gainers within the Dow were Bank of America (BAC), JPMorgan Chase (JPM) and Intel (INTC). Shares of Bank of America rose 2.59% to $8.32. The bank said Tuesday it plans to lay [...]

News

Monster Stocks Soar Amid Rumors Coca-Cola Is Set To Buy Energy Drink

Monster Beverage Corp’s shares soared on Monday following a report that Coca-Cola Co. was considering buying the energy drink maker. The Wall Street Journal cited unnamed people in reporting that the world’s biggest soft drink maker was in talks to buy Monster. If a deal transpired, Monster would be Coca-Cola’s largest brand acquisition ever. Monster declined [...]

News

Stocks Surge After Strong Manufacturing Report

Stocks were surging in morning action Tuesday after a much better-than-expected report on the pace of national manufacturing activity in April.The Dow Jones Industrial Average was rising 80 points, or 0.6%, at 13,294. The S&P 500 was up 12 points, or 0.8%, at 1410, and the Nasdaq was adding 29 points, or 1%, at 3075. Stocks finished modestly lower Monday, marking [...]

News

Bank Of America Keeps Shrinking

Bank of America (BAC)’s plan to lay off some of its highest-paid executives looks like the right response to the current banking environment. The Wall Street Journal reported Tuesday the bank will cut 2,000 positions in its investment banking, commercial banking and non-U.S. wealth-management units targeting “the high-earning employees whose efforts helped Merrill Lynch account for the bulk of [...]

News

Stock Market Story: May 1

The first trading day of May got off to a mixed start early Tuesday with all three major U.S. equity indices honing to close to the flat line ahead of a key report on the pace of U.S. manufacturing activity in April. The Dow Jones Industrial Average was down 9.5 points, or 0.07%, at 13,204.The S&P 500 was up less than a [...]

Also On Elite

Real Estate

This House Is A Perfect Place For One Night Stands

Located in Beverly Hills, one of the most luxurious neighborhoods in the United States, this Trousdale Estate home offers anything you could ever dream about. From spectacular city views of Santa Monica to master suites and lounge areas throughout the home, this estate has it all. Rooms are minimally defined using tall panels, custom stained [...]

Sports

David Moyes Is Named The New Manager Of Manchester United

David Moyes was named manager of Manchester United on Thursday, earning one of the most coveted jobs in soccer. Moyes will leave Everton to guide the 20-time English champions since Wednesday Alex Ferguson announced his retirement after nearly 27 years. Moyes (50) received a six-year deal and will assume control July 1. “It’s a great honor to [...]

Technology

Yahoo Has Reportedly Acquired Tumblr For $1.1 Billion

The Wall Street Journal has announced that Yahoo’s board has unanimously approved Yahoo’s acquisition of Tumblr, as the search engine giant will pay $1.1 billion for the wildly popular blog platform. According to sources close to the situation, Tumblr will still operate as an independent business, and a deal could be officially announced as soon [...]

World

Couple On Anniversary Diving Trip Joined By 20 Killer Whales (Video)

A couple celebrating their 20th wedding anniversary in Mexico were accompanied by 20 unexpected guests: a fleet of killer whales. The pod followed the pair’s boat for an hour, jumping in and out of the water. Rich and Laura Howard from Lutz, Florida, were diving off the coast of La Paz when their dive instructor [...]