Dr. Clay Siegall is a scientist who focuses on targeted cancer therapies. He graduated from George Washington University with a Ph.D. in Genetics. In 1998, he co-founded Seattle Genetics. He founded the company to help cancer patients get better treatment options. A family member of his had cancer and he understood the difficulties associated with cancer treatment. He got the motivation to find ways of offering better and advanced treatment. The biotechnology company develops new antibody-based therapies to help in cancer treatment. Dr. Siegall is the company’s President, Chairman, and CEO. The firm does proper research to develop drugs that can help cancer patients.
The company is a leading producer of antibody-drug conjugates (ADCs). FDA approved its first product, ADCetris, in 2011. Before founding his own business, he plied his trade with Bristol-Myers Squibb Pharmaceutical Research Institute for six years. Before that, he worked at the National Institute of Cancer from 1988 to 1991. Dr. Siegall is also a renowned author with several publications to his name. He is a Director at Ultragenyx Pharmaceutical and Alder BioPharmaceuticals.
Dr. Siegall has helped the Seattle Genetics generate millions of dollars with him at the helm. He has guided the firm from a tiny group with a few researchers to a powerhouse in the field of oncology research. The business gets money from the sale of drugs. The Food and Drug Administration currently approves of three indications for ADCetris. Getting an FDA approval is no mean achievement since it only comes after a very long and expensive process. FDA approves only 1 out of 10 candidate drugs Dr. Siegall believes that getting their drugs FDA approved has played a significant role in maximizing profits for Seattle Genetics.
Though Dr. Clay Siegall agrees that the firm has seen some downs, including shrinking capital, and high costs incurred in research and drug development, he insists the company’s strength lies in its employees. The firm has invested in qualified and experienced sales staff. Their job is basically to avail Seattle Genetics’ unique products to the people in need. Dr. Siegall is a staunch believer in hard work and passion in whatever you do, which he says, has made Seattle Genetics very successful.