Shares of Dendreon Corporation (NASDAQ: DNDN) surged
in trading on Thursday after the company announced its fourth-quarter revenue.
The company’s fourth-quarter revenue increased 230% on a year-over-year basis
to an impressive $82 million. The company also provided an update on PROVENGE commercialization.
Dendreon shares rose to an intra-day high of $11.74
on Thursday. The stock ended the day 39.74% higher on above average volume. The
rally pushed Dendreon shares above their 50-day moving average.
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