Dendreon Announces Fourth Quarter Revenues and Update on Commercialization; Revenue $82M

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Dendreon Corporation (Nasdaq: DNDN) today announced revenue for the fourthquarter ended December 31, 2011, reporting gross product revenue ofapproximately $82 million. This represents approximately 25% growth over thethird quarter ended September 30, 2011, and approximately 230% growth comparedto the fourth quarter ended December 31, 2010. In addition, Dendreon reportedfull-year gross revenues from PROVENGE® (sipuleucel-T) sales of approximately$228 million.

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