Seattle Genetics releases first quarter results and clinical development update

28 April 2017

US biotech firm Seattle Genetics (Nasdaq: SGEN) has released first-quarter financial results showing that 2017 revenues were $109 million, down slightly from the $111 million reported for the same period of 2016.

After total costs and expenses, including $118 million spent on research, the company reported a net loss of $59 million, or $0.42 per share.

The company’s lead product Adcetris (brentuximab vedotin), a Hodgkin lymphoma treatment, recorded net sales of $70 million, a 20% increase.

This article is accessible to registered users, to continue reading please register for free. A free trial will give you access to exclusive features, interviews, round-ups and commentary from the sharpest minds in the pharmaceutical and biotechnology space for a week. If you are already a registered user please login. If your trial has come to an end, you can subscribe here.

Try before you buy

Free

7 day trial access

Take a Free Trial

All the news that moves the needle in pharma and biotech
Exclusive features, podcasts, interviews, data analyses and commentary from our global network of life sciences reporters.
Receive The Pharma Letter daily news bulletin, free forever.

Become a subscriber

£820

Or £77 per month

Subscribe Now

Unfettered access to industry-leading news, commentary and analysis in pharma and biotech.
Updates from clinical trials, conferences, M&A, licensing, financing, regulation, patents & legal, executive appointments, commercial strategy and financial results.
Daily roundup of key events in pharma and biotech.
Monthly in-depth briefings on Boardroom appointments and M&A news.
Choose from a cost-effective annual package or a flexible monthly subscription

The Pharma Letter is an extremely useful and valuable Life Sciences service that brings together a daily update on performance people and products. It’s part of the key information for keeping me informed

Chairman, Sanofi Aventis UK