Shares of Seagen SGEN decreased in after-market trading after the company reported Q1 results.
Quarterly Results
Earnings per share were up 31.63% over the past year to ($0.67), which missed the estimate of ($0.61).
Revenue of $331,983,000 higher by 41.56% year over year, which missed the estimate of $336,970,000.
Outlook
Seagen Sees FY21 Royalty Sales $125M-$135M
How To Listen To The Conference Call
Date: Apr 29, 2021
Time: 04:30 PM
Price Action
Company's 52-week high was at $213.94
Company's 52-week low was at $134.51
Price action over last quarter: down 17.72%
Company Overview
Seagen Inc is a biotech firm focused on developing antibody-drug conjugates. The company's lead product, Adcetris, has received approval for advanced front-line, relapsed/refractory and post-consolidation Hodgkin lymphoma, anaplastic large-cell lymphoma, and two other subtypes of cutaneous T-cell lymphoma. Other approved products include Padcev (bladder cancer) and Tukysa (breast cancer). The company has several other oncology programs in pivotal trials. Seagen also licenses its antibody-drug conjugate technology to a number of leading biotechnology and pharmaceutical companies.
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