Increasing unusual option volume: FSK AND PACB SGEN

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Morgan Stanley Calls Seagen (SGEN) A Catalyst Driven Idea for 'Pivotal Padcev Data in 1L Bladder Cancer'

June 21, 2022 4:22 PM EDT

Morgan Stanley analyst Matthew Harrison reiterated an Overweight rating and $173.00 price target on Seagen (NASDAQ: SGEN).

The analyst comments "Padcev (Enfortumab vedotin or EV) is an antibody-drug conjugate designed for the treatment of cancer expressing Nectin-4 (a cell surface protein expressed on many... More

Seagen (SGEN) Seen Worth $200+ in a Takeover

June 21, 2022 12:53 PM EDT

Seagen (NASDAQ: SGEN) is adding to Friday's gains as traders handicap the sale of the company following reports on Friday from the WSJ that Merck (NYSE: MRK) and others are eyeing a takeover of the biotech company.

Several analysts have weighed in on the potential deal and many view $200+ as the benchmark needed to get the deal done.

Oppenheimer analyst Jay Olson raised his price target on Seagen to $208 per share following the Merck speculation, which he thinks makes sense given recent dynamics, including:

1) SGEN and MRK... More