Dendreon Jumps 10%

Shares of Dendreon (NASDAQ: DNDN) were sold off hard on Monday after positive data was presented at the American Society of Clinical Oncology conference in Chicago over the weekend showing a high rate of efficacy for a Johnson & Johnson (NYSE: JNJ) prostrate cancer drug called Zytiga which is a competitor to DNDN's Provenge treatment. On Tuesday, however, Dendreon shares are bouncing back from the steep losses and were last trading up more than 10% to $6.54.

Dendreon Corporation (Dendreon) is a biotechnology company focused on the discovery, development and commercialization of therapeutics that may improve cancer treatment options for patients.

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