Seattle Genetics' spending spree goes on with PharmaMar deal

15 February 2018

Seattle Genetics (Nasdaq: SGEN) has announced its third deal in as many weeks.

The US biotech has signed a licensing agreement with PharmaMar (MCE: PHM), a Spain-based company that specializes in the discovery and development of innovative marine-derived drugs for cancer.

The deal gives Seattle exclusive worldwide rights to certain PharmaMar proprietary molecules for the development, manufacture and commercialization of antibody-drug conjugates (ADCs) or other drug conjugates incorporating PharmaMar payloads.

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