Seattle Genetics, Inc., a biotechnology company, focuses on the development and commercialization of targeted therapies for the treatment of cancer. ADCETRIS The company’s marketed product ADCETRIS, or brentuximab vedotin, is an antibody-drug conjugate (ADC) comprising an anti-CD30 monoclonal antibody attached by a protease-cleavable linker to a microtubule disrupting agent, monomethyl auristatin E (MMAE), utilizing its proprietary technology. ADCETRIS received accelerated approval in the United States in 2011, conditional marketing authorization in the European Union in 2012 and approval with conditions in Canada in 2013 for patients with relapsed Hodgkin lymphoma or relapsed systemic anaplastic large cell lymphoma (sALCL). The company is in the process of collaborating with Takeda Pharmaceutical Company Limited (Takeda) to develop and commercialize ADCETRIS on a global basis. Under this collaboration, the company retains commercial rights for ADCETRIS in the United States and Canada, and Takeda has commercial rights in the rest of the world. ADCETRIS is approved in 50 countries, including Japan, Australia, Switzerland, South Korea, Singapore and Mexico, and Takeda continues to pursue marketing authorizations in multiple other countries. The company and Takeda have a development strategy for ADCETRIS evaluating its potential application in earlier lines of therapy for patients with Hodgkin lymphoma or mature T-cell lymphoma (MTCL), including sALCL and in other CD30-positive malignancies. In addition to ADCETRIS, the company’s pipeline includes six clinical-stage ADC programs consisting of SGN-CD33A, SGN-CD19A, SGN-LIV1A, SGN-CD70A, ASG-22ME, and ASG-15ME, and SEA-CD40, which is based on sugar-engineered antibody, or SEA, technology. The company also has collaborations for ADC technology with biotechnology and pharmaceutical companies, including AbbVie Biotechnology Ltd., or AbbVie; Bayer Pharma AG, or Bayer; Celldex Therapeutics, Inc., or Celldex; Genentech, Inc., a member of the Roche Group, or Genentech; GlaxoSmithKline LLC, or GSK; Pfizer, Inc., or Pfizer; PSMA Development Company LLC, a subsidiary of Progenics Pharmaceuticals Inc., or Progenics; and Takeda; as well as ADC co-development agreements with Agensys, Inc., an affiliate of Astellas Pharma, Inc., or Agensys; Genmab A/S, or Genmab; and Oxford BioTherapeutics Ltd., or OBT. For ADCETRIS and its related ADC technology, including certain methods of treatment using ADCETRIS, the company’s 19 issued patents would expire between 2015 and 2031 in the United States and Europe SGN-CD33A SGN-CD33A is an ADC composed of an anti-CD33 monoclonal antibody linked to a potent PBD dimer using proprietary ADC technology, and is a product candidate for the treatment of AML. SGN-CD33A targets CD33, a protein that is expressed on most AML cells. SGN-CD33A employs the company’s newest proprietary ADC technology. This technology is comprised of a PBD dimer, which is a potent cell-killing agent that works by a different mechanism than auristatins, linked to an engineered antibody called EC-mAb, resulting in uniform drug-loading of two PBD dimers per antibody. For SGN-CD33A and the company’s related ADC technology, its five issued patents would expire between 2027 and 2030 in the United States and Europe. SGN-CD19A SGN-CD19A is an ADC composed of an anti-CD19 monoclonal antibody linked to a potent auristatin compound using proprietary ADC technology, and is a product candidate for the treatment of hematologic malignancies. CD19 is a B-cell antigen that is expressed in non-Hodgkin lymphoma, chronic lymphocytic leukemia and acute lymphoblastic leukemia (ALL). SGN-LIV1A SGN-LIV1A is an ADC composed of an anti-LIV-1 monoclonal antibody linked to a potent auristatin compound using proprietary ADC technology, and is a product candidate for the treatment of LIV-1-positive metastatic breast cancer. In 2013, the company initiated a phase 1, open-label, dose-escalation clinical trial to evaluate the safety and antitumor activity of SGN-LIV1A in patients with LIV-1-positive metastatic breast cancer. SGN-70A SGN-CD70A is an ADC composed of an anti-CD70 EC-mAb linked to a potent PBD dimer using proprietary ADC technology, and is a product candidate for the treatment of CD70-positive renal cell carcinoma and non-Hodgkin lymphoma. SEA-CD40 SEA-CD40 utilizes the company’s SEA technology to produce a non-fucosylated antibody targeting CD40. The company initiated a phase 1, open label, multi center, dose escalation trial of SEA-CD40 in multiple solid tumors. ASG-22ME ASG-22ME is an ADC composed of an anti-Nectin-4 monoclonal antibody linked to a potent auristatin compound using proprietary ADC technology. Nectin-4 is a novel target expressed in multiple cancers including bladder, breast, lung and pancreatic cancers. The company is in the process of developing ASG-22ME as a product candidate for the treatment of solid tumors under co-development collaboration with Agensys, Inc. ASG-15ME ASG-15ME is an ADC composed of an anti- SLITRK6 monoclonal antibody linked to a potent auristatin compound using proprietary ADC technology. SLITRK6 is a novel target expressed in bladder and lung cancer. The company is in the process of developing ASG-15ME as a product candidate for the treatment of bladder cancer under co-development collaboration with Agensys, Inc. Strategy The company’s strategy is to become a leading developer and marketer of targeted therapies for cancer. Main elements of its strategy are as follows: successfully execute ADCETRIS commercial plan; expand the therapeutic potential of ADCETRIS; continue to develop other pipeline programs; continue to leverage industry-leading ADC Technology; support future growth of pipeline through internal research efforts and strategic in-licensing; and enter into strategic product collaborations to generate capital and supplement internal resources. Research and Development As of December 31, 2014, the company recorded $230.7 million in research and development expenses. History Seattle Genetics, Inc. was founded in 1997. The company was incorporated in Delaware in 1997.
seattle genetics inc (SGT:Berlin)
21823 30th Drive SE
Bothell, WA 98021
|Genmab A/S||kr639.50 DKK||+1.50|
|Insys Therapeutics Inc||$44.92 USD||+0.90|
|Medivation Inc||$105.33 USD||+8.36|
|MorphoSys AG||€72.90 EUR||+0.70|
|Pfizer Ltd/India||2,176 INR||+53.85|
|View Industry Companies|
|Price/Cash Flow||NM||Not Meaningful|
Sponsored Financial Commentaries
To contact SEATTLE GENETICS INC, please visit www.seattlegenetics.com. Company data is provided by Capital IQ. Please use this form to report any data issues.