Seattle Genetics? Not anymore. The biotech has shortened its name to Seagen to illustrate global expansion
Would a Seattle Genetics by any other name smell as sweet? We’re about to find out.
The biotech announced Thursday it’s changing its name to Seagen, capping off what’s been a 12-month period in which it closed a $4.5 billion deal with Merck and saw two drugs get FDA approval. Seagen is also keeping the same Wall Street ticker — $SGEN.
CEO Clay Siegall said the company made the change to represent its expanding global operations.
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