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Valeant To Buy Dendreon’s Never-Was Cancer Vaccine Provenge

 
• By Lisa LaMotta

The dealmaking machine has proposed buying Dendreon’s assets, including prostate cancer immunotherapy Provenge, through a bankruptcy rummage sale.

Valeant Pharmaceuticals International Inc. is continuing its rapid-fire dealmaking strategy with an unusual move into oncology – although the deal may make more sense than first meets the eye. The low-priced asset is the once-lauded prostate cancer immunotherapy Provenge.

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