QUOTE AND NEWS
Forbes  Jan 5  Comment 
In recent trading, shares of Seattle Genetics Inc (NASD: SGEN) have crossed above the average analyst 12-month target price of $54.73, changing hands for $55.21/share. When a stock reaches the target an analyst has set, the analyst logically has...
Benzinga  Dec 28  Comment 
On Tuesday, Seattle Genetics, Inc. (NASDAQ: SGEN) announced that the FDA had imposed several clinical holds upon the Phase I trials for SGN-CD33A due to cases of hepatic veno-occlusive disease. Credit Suisse’s Kennen MacKay maintains a Neutral...
Wall Street Journal  Dec 28  Comment 
Seattle Genetics Inc. said the U.S. Food and Drug Administration had placed several of its early-stage cancer drug trials on hold after four patients died during treatment.
Benzinga  Dec 12  Comment 
Baird increased the price target for AT&T Inc. (NYSE: T) from $39 to $44. AT&T shares closed at $40.38 on Friday. Chardan Capital raised Amgen, Inc. (NASDAQ: AMGN) price target from $300 to $350. Amgen shares closed at $143.45 on...
FierceBiotech  Dec 12  Comment 
Seattle Genetics chalks up further clinical trial success in solid tumors phil Mon, 12/12/2016 - 08:11
Motley Fool  Dec 9  Comment 
Seattle Genetics got a boost from Donald Trump's underdog victory last month.
Forbes  Nov 22  Comment 
Investors in Seattle Genetics Inc (NASD: SGEN) saw new options become available this week, for the January 2017 expiration. At Stock Options Channel, our YieldBoost formula has looked up and down the SGEN options chain for the new January 2017...




 

Seattle Genetics, Inc. is a biotechnology company developing monoclonal antibody-based therapies for treating cancer and autoimmune disease.[1] The company is working to develop next generation monoclonal therapies called antibody-drug conjugates (ADCs). The technology links potent synthetic drugs with monoclonal antibodies. The company has collaborations with major industry players all over the world such as: Millennium Pharmaceuticals, Bayer AG (BAYRY), Celldex Therapeutic (BER:TCE1), GlaxoSmithKline (GSK), Genentech (DNA), and quite a few others.[1] Leveraging these collaborations the company is working to navigate the high development costs and regulations that are indicative of the drug industry.

Business Growth

Seattle Genetics does not have any commercial products yet, but had revenue of $107.5 million for 2010. This was an increase of 107% from 2009. The company derived its revenue from payments that included technology access and maintenance fees, milestone and reimbursement payments from its collaborations. Its large jump from 2009 was primarily due to payments received from its collaborations with Genentech, Millennium, and other ADC collaborations.[1]

Trends and Forces

High Costs of Drug Development make it Difficult for Small Companies like Seattle Genetics

For more detailed information on the FDA approval process, see also Clinical trials.

Developing a new drug is a time-consuming and costly endeavor. Hundreds of thousands of candidate compounds must be screened to identify a handful of potential drugs, and even fewer of these candidate drugs are found to be effective at treating a disease. The drug must then pass strict safety standards in several series of clinical trials. The entire process of developing a new drug and bringing it to the market takes up to 10 to 15 years and on average costs $1.3 billion.[2]

Tightening Food and Drug Administration (FDA) Regulations

Beginning in 2009, the FDA implemented a series of reforms that include stricter monitoring of drug adverse events, more funding for the agency, stronger ability to force product recalls, more scientific expertise within the agency, more transparency. Even before 2009 the result has been a much more conservative FDA, demanding more product information.[3]

Competition

The various aspects of patent protection and the extremely high costs of researching and developing drugs marks the pharmaceutical industry with high risk and high competitiveness. It is important to keep in mind when considering a comparison of industry players that competition does not arise between each company as a whole, but rather between specific drug areas and their relative advantages in therapeutic treatment. Due to this fact many of Seattle Genetic's collaborators are competitors since they are developing therapies in similar disease areas. They include:

References

  1. 1.0 1.1 1.2 Seattle Genetics 2010 10k
  2. DiMasi, Joseph, “The Cost of Biopharmaceutical R&D: Is Biotech Different?,” Managerial and Decision Economics, 2007
  3. The FDA: A tough tonic
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