Dendreon, the once-promising Seattle biotechnology company, is taking it on the chin today after announcing a restructuring that will cost more than 600 people their jobs; the closure of its manufacturing facility in Morris Plains, New Jersey and other cost-cutting measures. “This restructuring sets a new course forward for Dendreon, accelerating our path to profitability and… Read More…
Dendreon CEO Mitchell Gold is handing over the reins of the Seattle biotechnology company to board member and former Savient Pharmaceuticals CEO John Johnson. Shares of Dendreon, which have falling 58 percent in the past year, gained more than six percent on the news. Gold, who has served as CEO since 2003, plans to serve… Read More…
It was a tough year for most of the publicly-traded tech companies in Washington state, with just a handful posting positive overall stock performance. Even tech titans like Amazon.com, Microsoft and F5 Networks shed value in 2011, marking an overall negative year on the Nasdaq. In fact, the tech-heavy Nasdaq dropped 1.8 percent during 2011,… Read More…
Slower-than-expected uptake of its Provenge prostate cancer drug forced Seattle biotech company Dendreon to announce 500 job cuts this afternoon, following through on a restructuring plan announced a month ago. The company had employed more than 1,900 people as of the end of June, about 1,200 of them in its manufacturing operations. Dendron also said… Read More…
Elizabeth Wheden, a marketing industry veteran who previously worked at Razorfish and Wunderman, has joined Seattle’s Marketfish as director of client services. Wheden will work out of the company’s new Seattle offices in the Collins Building, reporting to CEO Dave Scott who recently relocated to New York City. A graduate of the Wharton School at… Read More…
Datacastle, a Seattle company that helps organizations securely protect data as employees access corporate resources via the Web and mobile devices, has named Craig Blessing as vice president of sales and business development. Blessing previously worked at Apple Computer, N2H2, Opsware and most recently Doyenz. “The dramatic growth of laptops and edge devices for enterprise… Read More…
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