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Dendreon goes slumpy after expected 'lumpy' Q1 Provenge sales

 
• By Mandy Jackson

With $82 million in Provenge sales during the first quarter of 2012, Dendreon reported a 6.5% increase from fourth quarter 2011 sales revenue after the stock market closed on 7 May and stuck with its previous guidance of single-digit quarterly increases for the prostate cancer immunotherapy.

With $82 million in Provenge sales during the first quarter of 2012, Dendreon reported a 6.5% increase from fourth quarter 2011 sales revenue after the stock market closed on 7 May and stuck with its previous guidance of single-digit quarterly increases for the prostate cancer immunotherapy.

Equity analysts had anticipated the single-digit revenue bump, even though it followed jumps of more than 20% in each of...

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