ISI Group Comments on Dendreon's CEO Stepping Down

ISI Group has published a research report on Dendreon (NYSE: DNDN) after the announcement that CEO Mitch Gold would be stepping down and replaced by John Johnson.

In the report, ISI Group writes, "We believe the market will react well to this development and we look forward to understanding the new CEO's strategy for Dendreon. DNDN announced CEO Mitch Gold will be stepping down and will be replaced by John Johnson. Mr. Gold deserves enormous credit for pushing Provenge through the FDA approval process, but he has struggled to guide the organization in the commercial phase."

Dendreon closed yesterday at $13.58.