Who owns Dendreon?

On February 20, 2015, Valeant Pharmaceuticals received approval to purchase all Dendreon assets. On January 9, 2017 Sanpower Group agrees to acquire Dendreon from Valeant for $819.9 million In June 2017, Sanpower Group, a Chinese conglomerate, purchased Dendreon from Valeant for $820 million.

Who is the CEO of Dendreon?

Jason O’Neill (Jun 1, 2020–)Dendreon / CEO

Why did Dendreon fail?

We conclude that the bankruptcy of Dendreon was largely due to the delay in securing FDA approval and CMS coverage, as well as the high cost that had to be incurred by providers up-front.

Where is Dendreon located?

Dendreon corporate headquarters and immunotherapy manufacturing facility, Seal Beach, California.

Is Provenge still available?

Dendreon is the maker of the first FDA-approved immunotherapy for advanced prostate cancer, sipuleucel-T (Provenge). Sipuleucel-T will remain available after the financial restructuring of the Seattle-based company, Dendreon said in the written statement.

What is Dendreon collection?

Patients who are prescribed this course of treatment will have immune cells collected through a process called apheresis. Once these cells are collected, they are immediately shipped to a Dendreon manufacturing facility where the cells are made into the patient’s own personalized cancer treatment.

Does Medicare pay for Provenge?

PROVENGE is covered by Medicare and by most private insurance plans. For men receiving PROVENGE, 90% of Medicare fee-for-service members have a supplement and are expected to have minimal or no out-of-pocket costs; 85% of out-of-pocket costs are less than $50.

How much does PROVENGE cost?

Each infusion of Provenge will cost $31,000, bringing the full cost of treatment for three infusions to $93,000. As the company put it, the drug will cost about $23,000 per month of life extension, based on the Phase III study that found the drug extended life by 4.1 months.

How long do PROVENGE side effects last?

PROVENGE (sipuleucel-T) Side Effects. Most infusion-related side effects lasted 1 or 2 days. Some patients have experienced serious adverse events while taking PROVENGE.