Biotechnology company Dendreon Corp. (NASDAQ: DNDN) on Thursday named former Bayer executive Hans Bishop chief operating officer, making him responsible for leading the commercial launch of the potential prostate cancer treatment Provenge, according to Associated Press.

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Bishop will start Jan. 4, Dendreon said in a statement. He served most recently as president of Bayer's specialty medicine business and was responsible for oncology, hematology and neurology products.

Dendreon said last month the Food and Drug Administration will make a regulatory decision on Provenge by May 1.

The drug works as a vaccine to stimulate the body's immune system to fight the cancer, but it is given as a treatment rather than as a preventive measure.

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