Pharma BD Deal Intelligence

Astellas Pharma Inc. / Seagen Inc.

2009 · Co-Development · $4.5B · Complete

CALLED IT — OFF BY 3

Astellas / Seattle Genetics (Padcev collaboration): Achieved Stated Rationale (Score: 87/100)

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The coverage arc

Dec 02, 2019 PR Newswire Bullish

Seattle Genetics and Astellas announced a clinical trial collaboration with Merck to evaluate enfortumab vedotin in combination with Keytruda in patients with…

Apr 04, 2023 BioPharma Dive Bullish

Seagen and Astellas win expanded FDA approval for bladder cancer drug Padcev, further establishing the ADC as a cornerstone of urothelial cancer treatment.

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Astellas and Seattle Genetics (now Seagen) formed a global collaboration to develop enfortumab vedotin (Padcev), a Nectin-4 targeting ADC for urothelial cancer. The multi-year collaboration involved shared development costs and co-commercialization. Padcev was approved by FDA in 2019 and expanded to first-line use with Keytruda in 2023, generating >$3.4B in sales by 2024. Pfizer acquired Seagen in 2023 inheriting co-commercialization rights.

Did it work? Outcome assessment

Astellas / Seattle Genetics (Padcev collaboration): Achieved Stated Rationale (Score: 87/100)

Strategic verdict
Achieved Stated Rationale

Key facts

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