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TOKYO http://www.argentinasoccerpro.com/Paulo-Dybala-Argentina-Jersey/ , July 3 (Xinhua) -- Tokyo stocks rose Monday morning as exporters were lifted by the yen's retreat against the U.S. dollar with the market mood also brightened by improving business sentiment.


Caution was evident, however, on concerns for the future course of the ruling Liberal Democratic Party after it suffered a heavy defeat in the Tokyo metropolitan assembly election a day earlier.


The 225-issue Nikkei Stock Average added 26.78 points, or 0.13 percent, from Friday to 20,060.21.


The broader Topix index of all First Section issues on the Tokyo Stock Exchange, meanwhile, gained 1.49 points http://www.argentinasoccerpro.com/Nicolas-Otamendi-Argentina-Jersey/ , or 0.09 percent, at 1,613.39.


Oil and coal product, iron and steel, and transportation equipment-linked issues comprised those that gained the most by the morning break.


Xi wraps up three-day Hong Kong trip


Weekly choices of Xinhua photo


Major Yangtze River tributary breaks record flood level


Germany beats Chile 1-0 at FIFA Confederations Cup


Weekly choices of Xinhua photo


In pics: sea of vervain in terraced fields in E China


Fireworks show held to mark HK's 20th return anniversary


Water level of Ganjiang River rises due to lasting rainstorm


SAN FRANCISCO, June 30 (Xinhua) -- Sanpower Group, a private Chinese conglomerate, announced Friday the completion of its acquisition of Dendreon http://www.argentinasoccerpro.com/Nahuel-Guzman-Argentina-Jersey/ , from Valeant Pharmaceuticals International, Inc. for 819.9 million U.S. dollars in cash.


At the heart of the deal is Dendreon's lead product, Provenge, the only cellular immunotherapy approved so far by the U.S. Food and Drug Administration (FDA) for treatment of asymptomatic or minimally symptomatic metastatic castration-resistant prostate cancer (mCRPC).


Sanpower, headquartered in Nanjing, capital of China's eastern Jiangsu Province, said it intends to keep Dendreon's current U.S. team and facilitate its continued growth by promoting Provenge's market penetration outside the United States, starting with China and Southeast Asia.


Dendreon http://www.argentinasoccerpro.com/Mauro-Icardi-Argentina-Jersey/ , a biotechnology company based in Seattle, a city in Washington state of the U.S. Pacific Northwest, received FDA approval for Provenge in April 2010 and since has reportedly treated more than 20,000 prostate cancer patients with the therapy to curb tumors and prolong life expectancy.


As an example of Dendreon's "rationally designed therapeutic process" to break immune tolerance to disease specific proteins, namely prostatic acid phosphatase and its signalling component GM-CSF, Provenge consists of a mixture of the patient's own blood cells that have been incubated with the Dendreon PAP-GM-CSF fusion protein.


The agreement for Sanpower to acquire Dendreon from Valeant, a multinational specialty pharmaceutical company headquartered in Laval, Quebec http://www.argentinasoccerpro.com/Matias-Kranevitter-Argentina-Jersey/ , Canada, was signed in January this year in San Francisco, Northern California. The deal was sealed at a time, according to Sanpower, when the incidence of prostate cancer in China has increased by 10 times within the past 20 years.


Yuan Yafei, chairman of Sanpower Group, said Friday in a statement that "Dendreon will be well served in joining the Sanpower family, where it will be better positioned to accelerate growth and access attractive new markets."


China Focus: Xi inspects PLA garrison in Hong Kong


Xi calls on HK youths to serve HK http://www.argentinasoccerpro.com/Lucas-Biglia-Argentina-Jersey/ , country


Local residents visit Shek Kong barracks of PLA Garrison in HK


Central China's Juzizhou Islet resort closed due to flood


China, Kyrgyzstan hold anti-terror drill in Xinjiang


In pics: woodblock movable type printing in C China


Muslims celebrate Eid al-Fitr worldwide


Plane Pull fundraising campaign held in Vancouver, Canada


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