Item 1.01. Entry into a Material Definitive Agreement.
On September 24, 2009, Dendreon Corporation (the "Company") entered into a
Leukapheresis Services Agreement (the "Agreement") with the American National
Red Cross ("ARC") pursuant to which ARC will provide clinical, and, in the event
of licensure by the FDA of ProvengeŽ, the Company's investigational product
candidate, commercial leukapheresis services at Dendreon approved sites in the
U.S. for patients referred to ARC by Dendreon. The initial term of the Agreement
is five years, and thereafter the Agreement will automatically renew for
additional 1 year periods. Either party may terminate the agreement without
cause upon 12 months prior notice to the other party. Under the Agreement,
Dendreon will pay ARC a fee per commercial procedure dependent upon the volume
of procedures performed by ARC for Dendreon per month.
Item 9.01. Financial Statements and Exhibits.
(d) Exhibits
99.1 Press release dated September 24, 2009.
99.2 Leukapheresis Services Agreement dated September 24, 2009.