Macro Tsimmis

intelligently hedged investment

Dendreon options (UKOHA & UKOTA) straddle play update

Posted by intelledgement on Thu, 12 Mar 09

Dendreon (DNDN) announced their 4Q08 and full 2008 financial results today, and due to cost-cutting measures, losses were reduced considerably for both the quarter and year. For long-term shareholders, of course, this is mixed news as while it conserves cash for now, it means that development of follow-on products after Provenge has slowed considerably. But for us short term options straddle spectulators, it doesn’t really matter one way or the other. What does matter is that the results of the IMPACT phase 3 study be revealed on time—or, at least, prior to the expiration of our options in mid-August—and the news there was good: “This is an exciting time for Dendreon as we await the completion of the final analysis of our IMPACT trial, expected by the end of April,” stated Mitchell Gold, president and CEO. ’Nuff said.

Previous DNDN-related posts:

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