Seagen 3rd-qtr financials reflect strong product sales growth

1 November 2023

US biotech Seagen (Nasdaq: SGEN) today reported financial results for the third quarter ended September 30, 2023.

Total revenues for the third quarter ended September 30, 2023 were $649 million, compared to $510 million for the same periods in 2022, primarily driven by growth in net product sales.

Net loss for the third quarter of 2023 was $216 million, or $1.15 per diluted share. This compares with a net loss for the third quarter of 2022 of $191 million, or $1.03 per diluted share.

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