Dendreon

Dendreon

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Private Company

Total funding raised: $235M

Overview

Dendreon is a trailblazer in the cell therapy space, having achieved the historic first FDA approval of an autologous cellular immunotherapy, Provenge, for advanced prostate cancer in 2010. The company has leveraged its deep expertise in complex, personalized cell therapy manufacturing and commercialization to build a dual-pillar business model: marketing Provenge and providing end-to-end manufacturing services as a CDMO for partners. While facing past financial challenges, Dendreon's current strategy focuses on expanding the reach of its proven therapy and capitalizing on the booming cell and gene therapy market through its specialized manufacturing capabilities.

OncologyProstate Cancer

Technology Platform

Proprietary platform for the industrialized manufacturing of autologous cellular immunotherapies, involving leukapheresis, ex vivo activation of antigen-presenting cells with target antigen fusion proteins, and reinfusion.

Funding History

4
Total raised:$235M
PIPE$125M
IPO$80M
Series B$25M
Series A$5M

Opportunities

The global cell therapy CDMO market presents a massive growth opportunity, leveraging Dendreon's unique commercial-scale autologous manufacturing expertise.
There is also ongoing potential to expand the clinical use and market penetration of Provenge within the crowded prostate cancer treatment paradigm.

Risk Factors

Intense competition in the prostate cancer market from newer, convenient systemic therapies threatens Provenge utilization.
The success of the strategic pivot is heavily reliant on securing and flawlessly executing CDMO contracts, with any failures damaging its service reputation.

Competitive Landscape

In prostate cancer, Provenge competes with oral agents like enzalutamide and abiraterone, chemotherapy, and other modalities. As a CDMO, it competes with large, diversified CDMOs (Lonza, Catalent) and specialized cell therapy manufacturers, differentiating itself with its specific Provenge commercialization and regulatory experience.