Dendreon Corporation Announces Filing of Shelf Registration Statement.Business Editors/Health/Medical Writers BIOWIRE2K SEATTLE--(BUSINESS WIRE)--Oct. 22, 2003 Dendreon Corporation (Nasdaq:DNDN) today announced that it has filed a shelf registration statement with the Securities and Exchange Commission (SEC) that, upon being declared effective by the SEC, will allow Dendreon to sell from time to time up to $125 million of common stock. The company does not have any present plans for an offering off of this shelf registration statement. Dendreon Corporation is a biotechnology company developing targeted therapies for cancer. The company's lead investigational product candidate, Provenge(R), is a cancer immunotherapy Cancer immunotherapy is the use of the immune system to reject cancer. The main premise is stimulating the patient's immune system to attack the malignant tumor cells that are responsible for the disease. undergoing a pivotal Phase 3 clinical trial phase 3 clinical trial Phase 3 study. See Phase study. for the treatment of androgen androgen (ăn`drəjən): see testosterone. androgen Any of a group of hormones that mainly influence the development of the male reproductive system. independent prostate cancer prostate cancer, cancer originating in the prostate gland. Prostate cancer is the leading malignancy in men in the United States and is second only to lung cancer as a cause of cancer death in men. . In addition to its immunotherapies in clinical and preclinical development for a variety of cancers, Dendreon's product pipeline also includes monoclonal antibody monoclonal antibody, an antibody that is mass produced in the laboratory from a single clone and that recognizes only one antigen. Monoclonal antibodies are typically made by fusing a normally short-lived, antibody-producing B cell (see immunity) to a fast-growing , small molecule and prodrug prodrug /pro·drug/ (-drug) a compound that, on administration, must undergo chemical conversion by metabolic processes before becoming an active pharmacological agent; a precursor of a drug. product candidates. Dendreon has research and development alliances with Genentech, Inc., Kirin Brewery Co., Ltd., Abgenix, Inc. and Dyax Corp. For more information about the company and its programs, visit www.dendreon.com. Copies of the preliminary prospectus Preliminary Prospectus A first draft registration statement filed by a firm prior to proceeding with an initial public offering of securities. The document, filed with the Securities & Exchange Commission, is intended to provide pertinent information to prospective shareholders included in the registration statement may be obtained from Investor Relations Investor relations The process by which the corporation communicates with its investors. , care of Dendreon Corporation, 3005 First Avenue, Seattle, WA 98121. The shelf registration statement relating to relating to relate prep → concernant relating to relate prep → bezüglich +gen, mit Bezug auf +acc the common stock has been filed with the SEC but has not yet become effective. The common stock may not be sold, nor may offers to buy the common stock be accepted prior to the time the shelf registration statement becomes effective. This news release shall not constitute an offer to sell or the solicitation of an offer to buy, nor shall there by any sale of the common stock in any state in which such offer, solicitation or sale would be unlawful prior to registration or qualification under the securities law of any such state. Except for historical information contained herein, this news release contains forward-looking statements that are subject to risks and uncertainties that may cause actual results to differ materially from the results discussed in the forward-looking statements, particularly those risks and uncertainties inherent in the process of offering common stock under the shelf registration statement as well as in the process of discovering, developing and commercializing drugs that are safe and effective for use as human therapeutics. Dendreon may be unable to sell common stock under the shelf registration statement for a number of reasons, including market conditions, developments affecting its business, negative investor sentiment toward biotechnology companies Top 100 Biotechnology Companies The following is a list of the top 100 biotechnology companies ranked by revenue. The first nine companies qualify for the list of the top 50 pharmaceutical companies. in general, or Dendreon's being unable to satisfy any applicable selling conditions required by particular investors. Factors that may affect Dendreon's ability to discover, develop and commercialize drugs that are safe and effective for use as human therapeutics include risks related to the uncertainty of Dendreon's future access to capital, Dendreon's limited operating history, risks associated with completing Dendreon's clinical trials, the risk that the safety and/or efficacy results of a clinical trial will not support an application for a biologics license, the risk that the Food and Drug Administration will not approve a product for which a biologics license has been applied, the failure by Dendreon to secure and maintain relationships with collaborators, dependence on the efforts of third parties, and dependence on intellectual property. |
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