Seattle Genetics (SGEN), Abbott (ABT) Enter ADC Technology Collaboration

March 22, 2011 9:02 AM EDT
Seattle Genetics, Inc. (NASDAQ: SGEN) has entered into a collaboration agreement with Abbott (NYSE: ABT) under which Abbott will pay an upfront fee of $8 million for rights to utilize Seattle Genetics’ antibody-drug conjugate (ADC) technology with antibodies to a single oncology target.

ADCs are monoclonal antibodies that selectively deliver potent anti-cancer agents to tumor cells.


Serious News for Serious Traders! Try StreetInsider.com Premium Free!

You May Also Be Interested In





Related Categories

Corporate News, FDA