Article: Dendreon's Trp-p8 Gene Platform Garners $110M Genentech Deal.

Washington Editor

Dendreon Corp. could gain more than $110 million in a deal with Genentech Inc. to develop monoclonal antibodies, small molecules and other products from Dendreon's preclinical Trp-p8 gene platform.

The Street viewed the deal as favorable for Dendreon (NASDAQ:DNDN), whose stock shot up $1.06, or 34.4 percent, Tuesday to close at $4.14. Genentech's stock (NYSE:DNA) closed at $34.15, down $1.30.

Tuesday's hefty collaboration comes on the heels of Dendreon's statement last week that Phase III data for Provenge in end-stage prostate cancer patients show the vaccine works well in men with a Gleason score (measure of the ...

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