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Dendreon Files for Chapter 11 Bankruptcy

Dendreon Corp., a builder of cancer-treatment drugs, pronounced Sunday it has reached agreements with certain bondholders on a terms of a financial restructuring of a company.

To exercise a restructuring, a Seattle-based association pronounced it filed to start intentional Chapter 11 record in a U.S. Bankruptcy Court in Delaware on Sunday. It pronounced the operations will continue but stop and that the categorical product, Provenge,…

Article source: http://online.wsj.com/articles/dendreon-cancer-drug-maker-files-for-chapter-11-bankruptcy-1415609407

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