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Stock impact report

Is It Too Late to Buy Shares of Seattle Genetics? [The Motley Fool]

Seagen Inc. (SGEN) 
Last seagen inc. earnings: 4/30 04:02 pm Check Earnings Report
US:NASDAQ Investor Relations: investor.seattlegenetics.com
Company Research Source: The Motley Fool
As the overall market declined amid the coronavirus outbreak,Seattle Genetics(NASDAQ:SGENNow the question is: Can Seattle Genetics move higher, or is the good news priced into the shares at this point? A look at approved treatments and market sizes can offer us some clues.Image source: Getty Images.From one product to threeJust a year ago, Seattle Genetics was a one-product company. That product -- Adcetris, for Hodgkin lymphoma -- had a particularly strong 09 thanks to label expansions, posting a % increase in net sales to $67.7 million in the U.S. and Canada. Now, Seattle Genetics forecasts a slowdown in Adcetris' sales for 00, with an increase in the range of 8% to %. Still, long-term growth isn't necessarily over for Adcetris as the company works to establish the treatment as the standard of care in Hodgkin lymphoma and expand its uses.A slowdown in growth for Adcetris is also less of a concern given the approvals of Padcev in December and Tukysa more recently, though it will take Show less Read more
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