Big Brother didn't have a problem with issuing Convertible Notes 2 years ago. DNDN hasn't turned over a profit and its market cap is $2.5B due to the potential success of Provenge, which by the way for the newbies here, uses a similar technology to Prima's CVac.
Dendreon announces a $75 mln convertible notes private placement offering
Mon Jun 4, 2007 7:10am EDT
Email | Print | Share| Reprints | Single Page[-] Text [+] Co announces it intends to offer, subject to market conditions and other factors, $75 mln aggregate principal amount of convertible senior subordinated notes due 2014. This offering will be made through a private placement. The co intends to use the net proceeds of this offering to finance its activities relating to the potential commercialization of Provenge, expand its manufacturing facilities for the commercial production of Provenge, fund ongoing and new clinical trials for Provenge and its other product candidates, support research and preclinical development activities for its other potential product candidates, and for general corporate purposes, including working capital.
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