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In the past couple of weeks DNDN has been the recipient of a modest increase in share price. Doubling in value is still modest when compared with this summers over $30 per share.
Dendreon’s chief product, in fact their only product on the market is Provenge. The share price dropped in the summer due to not meeting the sales goals the company had set. Officials said doctors where finding it difficult to obtain reimbursement for Provenge.
Seeking Alfa, a pharmaceutical stock newsletter, recently said that the problem over reimbursement seems to have been solved. If that is the case then one must ask why have prescriptions for Provenge gone on a binge? Granted, sales have increased, but nothing like one would expect if doctors believed in it efficacy. Hundreds of thousand of prostate cancer sufferers are opting or being advised to take some other treatment, leaving Provenge lab cubicals redundant.
What is the problem? Who knows, but the legacy of Dendreon and Provenge seems to be continuing down the route of mystery, manipulation and lack of profit.
Are the major pharmaceutical companies still out to break the upstart Dendreon? They do not seem to be interested in buying out the company.
What about the weeks to come? More suffering by patients and stock holders is on the way.

