Breaking News

Pfizer to Acquire ADC Pioneer Seagen in $43B Deal

Seagen’s portfolio includes four approved medicines across solid tumors and hematologic malignancies, including three ADCs: ADCETRIS, PADCEV, and TIVDAK.

Author Image

By: Kristin Brooks

Managing Editor, Contract Pharma

Pfizer Inc. has entered into a definitive merger agreement to acquire Seagen Inc., a global biotechnology company developing and commercializing cancer medicines, for a total value of $43 billion. The Boards of Directors of both companies have unanimously approved the transaction.   Seagen expects to generate approximately $2.2 billion of revenue in 2023, representing 12% year-over-year growth, from its four in-line medicines, royalties and collaboration and license agreements. Pfizer anticipa...

Continue reading this story and get 24/7 access to Contract Pharma for FREE


Already a subscriber? Sign in

Keep Up With Our Content. Subscribe To Contract Pharma Newsletters