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Hearing to Approve Dendreon's Asset Sale Scheduled for Feb. 20

Friday, 13 February 2015 01:21
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Dendreon Corporation on Feb. 10 disclosed that the bid deadline provided by the Court-approved bidding procedures for the sale of substantially all of the Company's assets has expired without receipt of additional qualified bids. The Company previously entered into an asset purchase agreement with Valeant Pharmaceuticals International, Inc. through which Valeant will acquire the world-wide rights of PROVENGE(R) (sipuleucel-T) and certain other Dendreon assets for $400 million. A hearing at which Dendreon and Valeant will seek the required Court approval of the sale is scheduled for February 20, 2015.

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        Debtor                                                                  Case No.

        ------                                                                      --------

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    Court: United States Bankruptcy Court

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    Written on Wednesday, 13 June 2018 07:04 in Latest News Be the first to comment! Read 1549 times Read more...