Latest Headlines

Latest Headlines

UPDATED: Novartis buys Dendreon New Jersey plant

Dendreon, still trying to claw its way back to financial security, has found a buyer for its Provenge manufacturing plant in New Jersey. Novartis has agreed to buy the facility for $43 million and take on 100 of its employees.

Oxford Bio shares tumble after mid-stage cancer study fizzles out

More than two years ago Oxford BioMedica put out the word that the FDA had cleared a Phase II study for its troubled program for TroVax, an immunotherapy to be tested in 80 patients suffering from hormone resistant prostate cancer. For Oxford, the mid-stage study was a key part of its comeback strategy for TroVax, which had already failed a study for renal cancer in 2008.

Software mogul commits $104M to CureVac's cancer vax work

Dietmar Hopp's investment group, dievini Hopp BioTech Holding, is injecting a whopping $104 million into CureVac, which is preparing new trials for a pair of RNA programs that target prostate cancer and non-small cell lung cancer.

Upbeat PhIII results bolster Medivation's big plans for prostate cancer

Medivation has added another set of stellar data on enzalutamide, its promising prostate cancer treatment now up for a priority review at the FDA. New late-stage results published in the New England Journal of Medicine indicate that advanced stage, therapy-resistant patients in the drug arm survived 5 months longer than the control group.

Dendreon closing plant, will double output at two others

Dendreon ($DNDN) CEO John Johnson says the company is setting a new course to profitability. It just doesn't include its New Jersey manufacturing plant and 600 employees company wide.

Dendreon shares plunge as new CEO brings out the ax (again)

As sales of Provenge continued to disappoint in the first half of the year, Dendreon's new CEO opted to trigger another big restructuring at the Seattle-based biotech, with plans to cut 600 jobs and shutter one of its three manufacturing sites in an effort to slash his way to profitability.

Who's next on Big Pharma's biotech shopping list?

Now that Amylin and Human Genome Sciences have dickered their way to a buyout deal, you can expect to see plenty of more rumors and insider stories about the next biotech companies likely to get an offer.

Savient hammered after hedge fund claims it's bankrupt

John Johnson has a good reason today to be thankful for his new job at Dendreon: He won't have to face the music at Savient.

Provenge critic gaining attention after taking shots at study data

Dendreon's pioneering cancer vaccine, Provenge, is under fire again.

J&J wows analysts with early success of Zytiga PhIII for prostate cancer

The news just keeps getting better for Johnson & Johnson's new prostate cancer drug Zytiga (abiraterone).