Seattle Genetics Inc /wa (SGEN): Clay B Siegall , President and CEO of Seattle Genetics Inc /wa sold 22,083 shares on Jun 6, 2016. The Insider selling transaction was reported by the company on Jun 8, 2016 to the Securities and Exchange Commission. The shares were sold at $43.57 per share for a total value of $962,668.00 , the company said in a SEC Form 4 Filing.
Other Insider transactions have been reported by the company according to SEC Form 4, on Jun 6, 2016, Darren S Cline (EVP, Commercial) sold 3,366 shares at $42.07 per share price.On May 27, 2016, Clay B Siegall (President and CEO) sold 48,660 shares at $40.30 per share price.Also, On Feb 17, 2016, John A Orwin (director) purchased 2,000 shares at $28.33 per share price.On Dec 16, 2015, Vaughn B Himes (EVP, Proc Svcs & Tech Ops) sold 40,500 shares at $39.94 per share price.
Shares of Seattle Genetics (SGEN) ended Tuesday, Jun 7, 2016 session in red amid volatile trading. The shares closed down -1.15 points or -2.64% at $42.43 with 6,28,519 shares getting traded. Post opening the session at $43.21, the shares hit an intraday low of $42.2577 and an intraday high of $43.4 and the price vacillated in this range throughout the day. The company has a market cap of $5,947 M and the number of outstanding shares has been calculated to be 14,01,67,030 shares. The 52-week high of Seattle Genetics is $52.3299 and the 52-week low is $26.02.
Seattle Genetics Inc. is a biotechnology company focused on the development and commercialization of therapies for the treatment of cancer. The Company’s marketed product ADCETRIS or brentuximab vedotin is an antibody-drug conjugate (ADC) comprising an anti-CD30 monoclonal antibody attached by a protease-cleavable linker to a microtubule disrupting agent monomethyl auristatin E (MMAE) utilizing its technology. In addition to ADCETRIS the Company’s pipeline includes six clinical-stage ADC programs consisting of SGN-CD33A SGN-CD19A SGN-LIV1A SGN-CD70A ASG-22ME and ASG-15ME and SEA-CD40 which is based on its sugar-engineered antibody (SEA) technology. In addition it has multiple preclinical and research-stage programs that employ its technologies. Its technologies include ADC technology and Seattle Genetics’ sugar-engineered antibody (SEA) technology.