Deal-Making

Beyond Adcetris: Seattle Genetics Aiming for Big Biopharma Status

Profitability will be placed on the backfoot as Seattle Genetics looks to grow into a “powerful big expansive company,†the firm says. For the first quarter 2018, total revenues grew to US$141 million (€116 million) compared to $109 million in the same period last year. This was attributed to a 36% increase in sales of Seattle Genetics’ antibody-drug conjugate (ADC) Adcetris (brentuximab vedotin), which pulled in $95 million of sales. Total costs for the quarter, meanwhile, jumped by almost 30%…