Seattle Genetics and Takeda Pharmaceuticals Report Positive Topline Phase 3 Clinical Trial Results
On October 1, Seattle Genetics, Inc. (SGEN) and Takeda Pharmaceutical Company Limited (TSE) reported results from their phase 3 clinical trial of ECELON-2. The trial demonstrated a statistically significant improvement in progression-free survival for patients using their drug Adcentris in combination with chemotherapy when compared to chemotherapy alone. It is the first randomized Phase 3 clinical trial to show a statistical improvement in patients with peripheral T-cell lymphoma.
Rocket Tickers notified subscribers of the event at 6:45 am. The next trade took place at the market open for $77.78. Seattle Genetics increased throughout the day of the event to close at $81.16. That makes a gain of 4.3% on the event day.
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