Tuesday, September 6, 2011

Dendreon cuts ties with Glaxo...

Dendreon Corp. (DNDN). The biotechnology company said it ended a development and supply agreement with GlaxoSmithKline LLC (GSK) on Dendreon's prostate cancer vaccine, citing delays and difficulties in achieving the commercial purpose of the deal.

Dendreon's stock has fallen from $42 to $10.30 in the last 30 days. 

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