Seattle Genetics, the Bothell, WA-based developer of antibody drugs for cancer, said today that underwriters of its stock offering have exercised their options to buy more shares, which makes the deal worth a total of $136 million. JP Morgan and Goldman Sachs led the offering, which also included Needham & Co., Oppenheimer & Co., RBC Capital Markets, and William Blair & Co. The company, as we described in a feature story earlier this week, has attracted interest partly because it is six months ahead of schedule in the pivotal study of its experimental drug for Hodgkin’s disease.
Author: Luke Timmerman
Luke is an award-winning journalist specializing in life sciences. He has served as national biotechnology editor for Xconomy and national biotechnology reporter for Bloomberg News. Luke got started covering life sciences at The Seattle Times, where he was the lead reporter on an investigation of doctors who leaked confidential information about clinical trials to investors. The story won the Scripps Howard National Journalism Award and several other national prizes. Luke holds a bachelor’s degree in journalism from the University of Wisconsin-Madison, and during the 2005-2006 academic year, he was a Knight Science Journalism Fellow at MIT.
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