Seattle Genetics Announces Management Team Addition and Promotion to Support SGN-35 Commercialization Initiatives
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Company Also Recognizes Dr. Peter Senter as Distinguished Fellow BOTHELL, Wash.--(Business Wire)-- Seattle Genetics, Inc. (Nasdaq:SGEN) today announced the appointment of Vaughn B. Himes, Ph.D., as Executive Vice President, Technical Operations and the promotion of Morris Z. Rosenberg, D.Sc., to Executive Vice President, Process Sciences. In addition, the company has recognized Peter D. Senter, Ph.D., Vice President, Chemistry, as the company`s first Distinguished Fellow. "We are continuing to strengthen our management team and position the company to deliver on our substantial product development goals, including the planned commercial launch of SGN-35 in 2012," said Clay B. Siegall, Ph.D., President and Chief Executive Officer of Seattle Genetics. "Vaughn brings a strong background in commercial manufacturing and supply chain management, and has been involved in several successful drug approval submissions. Morris continues to demonstrate substantial operational expertise and leadership as Seattle Genetics has advanced its broad product pipeline into late-stage clinical trials. Together, these seasoned executives will play a key role in guiding our development and manufacturing initiatives across our pipeline, including our SGN-35 new drug application." Regarding Dr. Senter`s recognition as Distinguished Fellow, Dr. Siegall added, "Peter is a world-renowned research scientist and leader in the field of antibody-drug conjugates (ADCs). His body of work, including his key role with SGN-35 and the company`s ADC technology, provides evidence of his significant impact on Seattle Genetics and the global scientific community." Vaughn Himes brings to Seattle Genetics more than twenty years of experience in manufacturing, technical operations, process development and scale-up activities. As Executive Vice President, Technical Operations, he will oversee Seattle Genetics` manufacturing, supply chain and quality assurance and control functions. Previously, Dr. Himes was with Zymogenetics, Inc., most recently as Senior Vice President, Technical Operations where his responsibilities included commercial and clinical manufacturing, supply chain and logistics, quality control and process development. While at Zymogenetics, he oversaw the chemistry, manufacturing and control (CMC) portion of the successful Biologics License Application for Recothrom and managed its commercial supply. Previously, he held Vice President positions in manufacturing and development at Corixa, Targeted Genetics and Genovo. Dr. Himes received a Bachelor of Arts in Chemistry from Pomona College in California and a Ph.D. in Chemical Engineering from the University of Minnesota. Morris Rosenberg joined Seattle Genetics in July 2001 and has overseen significant growth of the company`s development organization, including the process development, quality assurance and control, analytical biochemistry, formulation and manufacturing functions. Previously, Dr. Rosenberg was with Eli Lilly, Biogen (now Biogen Idec) and Invitron. While at Biogen, he participated in the development of the manufacturing process for the multiple sclerosis treatment Avonex. Dr. Rosenberg received a D.Sc. in Chemical Engineering, an M.S. and B.S. in Chemical Engineering, and a B.A. in Biology from Washington University in St. Louis, Missouri. Peter Senter joined Seattle Genetics in August 1998 and has served as Vice President, Chemistry since September 2002. He leads the company's chemistry department, which is focused on ADC technologies, including the development of potent drug payloads, novel linker systems, conjugation methodology and mechanism of action studies. Prior to joining Seattle Genetics, Dr. Senter was with Cytokine Networks, the Bristol-Myers Squibb Pharmaceutical Research Institute and the Dana-Farber Cancer Institute, Harvard Medical School. Dr. Senter has authored more than 100 scientific publications and holds more than 20 patents. He received a Ph.D. in Chemistry from the University of Illinois, and an A.B. in Biochemistry from the University of California, Berkeley. About Seattle Genetics Seattle Genetics is a clinical stage biotechnology company focused on the development and commercialization of monoclonal antibody-based therapies for the treatment of cancer and autoimmune disease. The company`s lead product candidate, SGN-35, is in a pivotal trial under a special protocol assessment with the FDA. SGN-35 is empowered by Seattle Genetics` proprietary ADC technology comprising highly potent synthetic drugs and stable linkers for attaching the drugs to monoclonal antibodies. In addition, Seattle Genetics has three other product candidates in ongoing clinical trials: dacetuzumab (SGN-40), lintuzumab (SGN-33) and SGN-70. Dacetuzumab is being developed under a worldwide collaboration with Genentech. Seattle Genetics has collaborations for its ADC technology with a number of leading biotechnology and pharmaceutical companies, including Genentech, Bayer, CuraGen, Progenics, Daiichi Sankyo, MedImmune, a subsidiary of AstraZeneca, and Millennium: The Takeda Oncology Company, as well as an ADC co-development agreement with Agensys, a subsidiary of Astellas Pharma. More information can be found at www.seattlegenetics.com. Certain of the statements made in this press release are forward looking, such as those, among others, relating to the company`s plan to commercially launch SGN-35. Actual results or developments may differ materially from those projected or implied in these forward-looking statements. Factors that may cause such a difference include risks related to delay of commercialization of SGN-35 due to regulatory, clinical or other factors. More information about the risks and uncertainties faced by Seattle Genetics is contained in the Company's Form 10-K for the year ended December 31, 2008 filed with the Securities and Exchange Commission. Seattle Genetics disclaims any intention or obligation to update or revise any forward-looking statements, whether as a result of new information, future events or otherwise. Seattle Genetics, Inc. Peggy Pinkston, 425-527-4160 ppinkston@seagen.com Copyright Business Wire 2009
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