An Open Letter to Dendreons Chairman
Summary
Brewer: Just over five months ago I wrote to you expressing serious concerns about the composition of the board of directors and its oversight of Dendreon’s management.I appreciated the opportunity to discuss these views in person with management at company headquarters in May, and to briefly speak with you at the June annual shareholder meeting.Employees have been abruptly laid off, press reports are tarnishing Dendreon’s brand reputation with each passing day, and many experts have even speculated that this might diminish investor appetite for our nation’s biotech industry as a whole.I hope you will see why it is so critical for Dendreon to quickly act and put this innovative company back on the path to success that it deserves.After Wednesday’s stunning events, I urge you to finally see the light on this issue and send a clear message to the market that Dendreon respects shareholder interests and intends to bounce back stronger than ever.
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