Dendreon was acquired by Valeant Pharmaceuticals for $495 million
On Feb. 23, 2015, a bankruptcy judge approved the sale of the assets of Dendreon Corp., a Seattle-based cancer drug company founded in 1992, to Valeant Pharmaceuticals for $495 million.
Dendreon filed for Chapter 11 protection in September 2014 after it primary drug candidate, Provenge proved unattractive to doctors and patients. A standard course of treatment cost $93,000, and the results showed a four-month improvement in median survival rate.
In 2017, China’s Sanpower Group acquired Dendreon from Valeant Pharmaceuticals for $820 million, and one later, sold the company to Nanjing Cenbest for $868 million.
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Source: Dendreon
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