Dendreon posts 4th-quarter loss versus year-ago profit

Mon Feb 25, 2013 8:00am EST

Feb 25 (Reuters) - Dendreon Corp reported a quarterly loss versus a year-ago profit on Monday as revenue fell and restructuring costs weighed on the biotechnology company.

The fourth-quarter loss was $38.7 million, or 26 cents per share, compared with a profit of $38.1 million, or 26 cents per share.

Quarterly revenue fell to $85.5 million from $202.1 million a year ago.

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Comments (1)
MyBloombergID wrote:
This article is totally misleading. If you check for data for the previous year, you’ll find there was a special event comprising the sale of intellectual property for $125 million. That’s what accounted for last years positive numbers. Without this background, your article is worthless.

Feb 25, 2013 8:50am EST  --  Report as abuse
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