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SGEN $228.74

SGEN target price
228.74
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Seattle Genetics
Type
Public
Traded as NASDAQ: SGEN
Industry Biotechnology, Pharmaceutical
Founded Incorporated 15 July 1997
Headquarters Bothell, Washington, United States
Key people
Clay B. Siegall Ph.D
(Chairman, President & CEO)
Todd E. Simpson
(CFO
Eric L. Dobmeier
(Chief Operating Officer)
Jean Liu
(Executive Vice President Legal Affairs, General Counsel, Corporate Secretary)
Jonathan Drachman M.D.
(Chief Medical Officer) and Executive Vice President of R&D)
Vaughn Himes
(Executive Vice President) Technical Operations and Process Sciences
Charles Romp
(Senior Vice President) Sales
Felix Baker
Lead Independent Director
Pinkston Peggy
Senior Director Corporate Communications
Products Brentuximab vedotin and other Antibody-drug conjugates
Number of employees
> 650
Website www.seattlegenetics.com

Seattle Genetics is a biotechnology company focused on developing and commercializing innovative, empowered monoclonal antibody-based therapies for the treatment of cancer. The company, headquartered in Bothell, Washington (a suburb of Seattle), is the industry leader in antibody-drug conjugates or ADCs, a technology designed to harness the targeting ability of monoclonal antibodies to deliver cell-killing agents directly to cancer cells. Antibody-drug Conjugates are intended to spare non-targeted cells and thus reduce many of the toxic effects of traditional chemotherapy, while potentially enhancing antitumor activity.

The companys' flagship product Adcetris (Brentuximab vedotin) is commercially available for two indications in 50 countries, including the U.S., Canada, Japan and members of the European Union. The approval of Brentuximab vedotin makes it the first in a new class of ADCs.

To expand on the clinical opportunities of brentuximab vedotin, Seattle Genetics is conducting a broad clinical development program to evaluate its therapeutic potential in earlier lines of its approved indications as well as in a range of other lymphoma and non-lymphoma settings. The company is jointly developing brentuximab vedotin in collaboration with Takeda Pharmaceutical Company. Under the terms of the collaboration, Seattle Genetics has full commercialization rights to brentuximab vedotin in the United States and Canada. Takeda has exclusive rights to commercialize the product candidate in all other countries.

In addition to brentuximab vedotin, Seattle Genetics' product pipeline includes SGN-CD19A, an Antibody-drug conjugate (ADC) targeting CD19, SGN-CD33A, an ADC targeting CD33, SGN-LIV1A, an ADC targeting LIV-1, SGN-CD70A, an ADC targeting CD70, as well as ASG-22ME and ASG-15ME, ADCs that they are co-developing with Agensys (an affiliate of Astellas), an early-stage privately held biotechnology company based in Los Angeles, focusing on the development of fully human monoclonal antibodies to treat solid tumor cancers in a variety of cancer targets.

Seattle Genetics has collaboration agreements with Takeda Oncology Company (formerly Millennium) to develop and commercialize brentuximab vedotin. The company also has collaboration agreements for their ADC technology with a number of biotechnology and pharmaceutical companies, including, AbbVie, Bayer Celldex Therapeutics, Inc., Daiichi Sankyo, Genentech, Inc., GlaxoSmithKline, Pfizer, Inc. and PSMA Development Company LLC as well as ADC co-development agreements with Agensys, Inc., an affiliate of Astellas Pharma and Oxford BioTherapeutics Ltd.

Seattle Genetics' proprietary Monomethyl auristatin E or MMAE-based antibody-drug conjugate technology, employed in brentuximab vedotin, empowers monoclonal antibodies to treat cancer. Brentuximab vedotin, for example, links the chimeric anti-CD30 monoclonal antibody (cAC10) via a protease-cleavable linker to MMAE. This ADC employs a linker system that is designed to be stable in the bloodstream but to release MMAE upon internalization into CD30-expressing tumor cells. This approach is intended to spare non-targeted (healthy) cells and thus reduce many of the toxic effects of traditional chemotherapy while potentially enhancing antitumor activity. (See also vedotins)

Seattle Genetics is also evaluating another ADC technology using a highly potent cytotoxic agent called a pyrrolobenzodiazepine (PBD) dimer that kills cells by a different mechanism than auristatins (monomethyl auristatin E or monomethyl auristatin F). Pyrrolobenzodiazepine (PBD) dimer is currently employed in SGN-CD33A and SGN-CD70A. It is stably linked to an antibody with Seattle Genetics' site-specific engineered cysteines, resulting in uniform drug-loading of two PBD dimers per antibody.

Seattle Genetics was founded in 1997 and is headquartered in Bothell, Washington, a suburb of Seattle. The company completed an initial public offering in March 2001, and is traded on the Nasdaq Stock Market under the symbol SGEN. To date, the company has more than 650 employees throughout the United States.

Seattle Genetics was named number twenty-five on the list of Top 25 Biotech Companies of 2016.

Q reports

Period Date Adjusted Actuals EPS GAAP EPS
Q3 2022 2022-10-26 Future report Set alerts
Q2 2022 2022-07-28 -0.73 -0.73
Q1 2022 2022-04-28 -0.74 -0.74
Q4 2021 2022-02-09 -0.95 -0.95
Q3 2021 2021-10-28 -1.61 -1.61
Q2 2021 2021-07-29 -0.47 -0.47
Q1 2021 2021-04-29 -0.67 -0.67
Q4 2020 2021-02-11 0.90 0.90
Q3 2020 2020-10-29 0.00 0.00
Q2 2020 2020-07-30 -0.12 -0.12

Ratings

2016-06-29 Reiterated Rating Needham & Company LLC Buy $60.00 to $72.00
2016-06-20 Reiterated Rating Credit Suisse Buy
2016-06-20 Reiterated Rating Credit Suisse Group AG Buy
2016-06-13 Reiterated Rating HC Wainwright Buy $65.00
2016-06-08 Reiterated Rating Credit Suisse Buy
2016-06-08 Reiterated Rating Cantor Fitzgerald Buy $43.00
2016-05-19 Reiterated Rating Cowen and Company Hold
2016-04-30 Reiterated Rating HC Wainwright Buy
2016-04-29 Reiterated Rating Credit Suisse Buy $51.00
2016-04-17 Reiterated Rating Cowen and Company Hold
2016-03-02 Initiated Coverage SunTrust Neutral $34.00
2016-03-02 Initiated Coverage SunTrust Banks Inc. Neutral $34.00
2016-02-11 Reiterated Rating Oppenheimer Market Perform
2016-02-11 Reiterated Rating Cowen and Company Market Perform
2016-02-11 Reiterated Rating HC Wainwright Buy $65.00
2016-02-11 Reiterated Rating Oppenheimer Holdings Inc. Market Perform
2016-02-10 Lower Price Target JPMorgan Chase & Co. Neutral $45.00 to $43.00
2016-02-10 Upgrade Cantor Fitzgerald Hold to Buy $38.00
2016-02-10 Lower Price Target Leerink Swann Outperform $56.00 to $52.00
2016-02-10 Lower Price Target Barclays Overweight $51.00 to $50.00
2016-02-10 Lower Price Target Piper Jaffray Neutral $44.00 to $33.00
2016-02-10 Lower Price Target Barclays PLC Overweight $51.00 to $50.00
2016-02-10 Lower Price Target Piper Jaffray Cos. Neutral $44.00 to $33.00
2016-02-04 Initiated Coverage Barclays Overweight $51.00
2016-01-20 Initiated Coverage Credit Suisse Outperform $52.00
2016-01-13 Reiterated Rating JPMorgan Chase & Co. Neutral
2015-12-08 Reiterated Rating Needham & Company LLC Buy $60.00
2015-11-18 Initiated Coverage Goldman Sachs Sell $33.00
2015-11-18 Initiated Coverage Goldman Sachs Group Inc. Sell $33.00
2015-10-30 Reiterated Rating Needham & Company LLC Buy $60.00
2015-10-30 Upgrade Piper Jaffray Underweight to Neutral $30.00 to $44.00
2015-09-14 Lower Price Target RBC Capital Outperform $56.00 to $54.00
2015-09-14 Lower Price Target Royal Bank Of Canada Outperform $56.00 to $54.00
2015-08-25 Reiterated Rating William Blair Buy
2015-08-19 Reiterated Rating Leerink Swann Buy
2015-08-18 Reiterated Rating Piper Jaffray Underweight $30.00
2015-08-18 Reiterated Rating William Blair Outperform
2015-08-18 Reiterated Rating Needham & Company LLC Buy $60.00
2015-08-14 Boost Price Target Leerink Swann Outperform $53.00 to $56.00
2015-08-03 Reiterated Rating Cowen and Company Market Perform $34.00 to $40.50
2015-07-31 Reiterated Rating JPMorgan Chase & Co. Neutral $45.00
2015-07-31 Reiterated Rating Cantor Fitzgerald Hold $41.00
2015-07-31 Boost Price Target RBC Capital Outperform $55.00 to $56.00
2015-07-29 Reiterated Rating Oppenheimer Market Perform
2015-07-16 Boost Price Target RBC Capital Outperform $50.00 to $55.00
2015-06-09 Reiterated Rating Oppenheimer Hold
2015-06-02 Set Price Target HC Wainwright Buy $65.00
2015-05-06 Initiated Coverage Credit Suisse Outperform $51.00
2015-05-01 Reiterated Rating JPMorgan Chase & Co. Neutral $40.00
2015-02-11 Reiterated Rating Bank of America Sell
2015-02-11 Lower Price Target JPMorgan Chase & Co. Neutral $43.00 to $40.00
2015-02-11 Set Price Target Cantor Fitzgerald Hold $35.00
2015-02-11 Reiterated Rating Bank of America Corp. Sell
2015-02-09 Set Price Target Jefferies Group Buy $53.00
2014-11-03 Initiated Coverage Cowen and Company Market Perform $34.00
2014-10-31 Upgrade Cantor Fitzgerald Sell to Hold $29.00 to $35.00
2014-09-30 Downgrade Bank of America Neutral to Underperform $40.00 to $34.00
2014-07-09 Upgrade UBS Neutral to Buy $48
2014-05-06 Upgrade Bank of America Underperform to Neutral $46.00 to $40.00
2014-05-02 Boost Price Target Cantor Fitzgerald $24.00 to $28.00
2014-05-02 Reiterated Rating Jefferies Group Buy
2014-04-28 Upgrade Ned Davis Research Sell to Neutral
2014-03-10 Initiated Coverage Bank of America Buy $65.00
2014-03-10 Initiated Coverage HC Wainwright Buy $65.00
2014-02-24 Initiated Coverage Bank of America Underperform $46.00
2014-02-13 Boost Price Target Credit Suisse $46.00 to $51.00
2014-02-13 Boost Price Target Guggenheim $33.00 to $38.00
2014-02-12 Upgrade Needham & Company LLC Hold to Buy
2013-12-20 Boost Price Target RBC Capital $44.00 to $48.00
2013-12-09 Reiterated Rating Piper Jaffray Underweight
2013-09-18 Boost Price Target Goldman Sachs $37.00 to $42.00
2012-11-08 Downgrade Cantor Fitzgerald Hold to Sell $30 to $20
2012-08-21 Initiated Cantor Fitzgerald Buy $30
2011-11-11 Initiated Needham Buy $20
2011-10-05 Initiated Summer Street Research Sell
2011-07-15 Reiterated Oppenheimer Outperform $21 to $24
2011-03-09 Initiated BioLogic Equity Research Sell
2011-01-06 Reiterated ThinkEquity Buy $19 to $20
2010-11-02 Downgrade Canaccord Genuity Buy to Sell $16 to $10
2010-10-12 Reiterated RBC Capital Mkts Outperform $16 to $20
2010-10-08 Reiterated ThinkEquity Buy $16 to $19
2016-06-29 Reiterated Rating Needham & Company LLC Buy $60.00 to $72.00
2016-06-20 Reiterated Rating Credit Suisse Buy
2016-06-20 Reiterated Rating Credit Suisse Group AG Buy
2016-06-13 Reiterated Rating HC Wainwright Buy $65.00
2016-06-08 Reiterated Rating Credit Suisse Buy

There is presents forecasts of rating agencies and recommendations for investors about this ticker

Major Shareholders

Name Relationship Total Shares Holding stocks
BAKER BROS. ADVISORS LP 36.75%  (45365335) ACAD / AQXP / BCRX / GHDX / IDRA / INCY / MRTX / SGEN / XOMA /
BAKER FELIX 31.42%  (38787087) ACAD / BCRX / GEVA / GHDX / MRTX / SGEN /
SIEGALL CLAY B President and CEO 0.56%  (687146) ALDR / SGEN /
BERGER FRANKLIN M 0.17%  (204720) BTX / EMIS / FPRX / IMDZ / SGEN /
SIMPSON TODD E Chief Financial Officer 0.15%  (179526) AQXP / SGEN / TGEN /
DRACHMAN JONATHAN G CMO & EVP, R & D 0.14%  (174765) CALA / SGEN /
HIMES VAUGHN B EVP, Tech. Ops. & Proc. Sci. 0.14%  (169906) SGEN /
LIPPMAN MARC E 0.11%  (132050) SGEN /
DOBMEIER ERIC Chief Operating Officer 0.10%  (119860) ATRA / SGEN / STML / VSAR /
Cline Darren S SVP, Commercial 0.06%  (71831) SGEN /
WELCH DANIEL G 0.05%  (66100) HPTX / ICPT / ITMN / SGEN /
LIU JEAN I EVP, Legal Affairs & GC 0.05%  (60864) DRRX / HALO / SGEN /
Reynolds Thomas C Chief Medical Officer 0.05%  (57601) MEIP / SGEN /
BOERNER CHRISTOPHER S. SVP, Commercial 0.05%  (56358) AKAO / SGEN /
GRYSKA DAVID W 0.02%  (23950) AERI / HPTX / INCY / PDLI / SGEN /
AKKARAJU SRINIVAS 0.01%  (13905) ICPT / SGEN / VSAR / ZSPH /
Orwin John A 0.01%  (10700) AFFY / ARRY / RLYP / SGEN /