logo
  

Seattle Genetics Responds To Daiichi Sankyo's Declaratory Judgment Complaint

Seattle Genetics, Inc. (SGEN) on Tuesday issued a response to Daiichi Sankyo's filing of a Declaratory Judgment action alleging Seattle Genetics is not entitled to intellectual property rights under their collaboration for the development of antibody-drug conjugates or ADCs.

Seattle Genetics noted that, under the agreement entered into between the two parties in 2008, the ADC technology used in Daiichi Sankyo's metastatic breast cancer drug candidate (DS-8201, [Fam-] trastuzumab deruxtecan) among other product candidates, rightfully belongs to Seattle Genetics.

"The linker and other ADC technology used in these drug candidates are improvements to Seattle Genetics' pioneering ADC technology, the ownership of which are automatically assigned to Seattle Genetics under the terms of the agreement," the company noted.

Seattle Genetics said it has been abiding by the dispute resolution provisions under the agreement to pursue its legal rights. By filing this lawsuit, Daiichi Sankyo has circumvented the process underway between the parties pursuant to these provisions.

Seattle Genetics said it would protect intellectual property rights as it continues to find revolutionary new treatments for cancer patients.

For comments and feedback contact: editorial@rttnews.com

Business News

Editors Pick
The Goldman Sachs Group, Inc. (GS) reported that its third quarter net earnings applicable to common shareholders increased 63 percent year-on-year. Net revenues were also significantly higher reflecting significantly higher net revenues in Investment Banking, Global Markets and Consumer & Wealth Management,... Butterball, LLC recalled about 14,107 pounds of ground turkey products for potential contamination with foreign materials, specifically blue plastic material, the U.S. Department of Agriculture's Food Safety and Inspection Service (FSIS) said in a statement. Specialized Bicycle Components, Inc. is recalling about 6,900 units of Tarmac SL7 Bicycles and Framesets for potential risk of fall and injury hazard, a statement by the U.S. Consumer Product Safety Commission (CPSC) showed. The company said the bicycle's fork steerer tube can crack or break after harsh impact such as hitting a deep pothole or other stress event, posing fall and injury hazards.
Follow RTT