The success path of Clay Siegall, CEO of Seattle Genetics.Dr. Clay Siegall is the president and chairman of Seattle Genetics. He co-founded the company in 1998. The firm specializes in the advancement of specific therapy drugs for diseases that have recorded high mortality rates over the years. He managed to initiate varied therapy pipelines of antibody-based cancer including ADCETRIS that got approved by the United States Food and Drug Administration
Dr. Clay Siegall has maintained the company’s capital generating activities increasing over $675 million through private and public financing as well as the firm’s IPO in 2001. From 1991 to 1997, Dr. Siegall worked with the Bristol-Myers Squibb Pharmaceuticals Research Institute. He served on the board of management of Alder Biopharmaceuticals. He is an author for 70 publications and holder of 15 patent rights. He acquired from Gorge Washington University and the University of Maryland a Ph.D. in genetics and a B.S in Zoology respectively.
Since the foundation of the firm, he has led it to the height of the most expected therapy industry. He developed the FDA –approved drug conjugate for antibodies as well as a considerable pipeline for over 20 drugs. He partners with other drug manufacturers including Genentech, Bayer, Pfizer and many more.
Dr. Siegall’s recent interview with Inspirery showed that he started the business due to his inspiration in the power of technology, business and reason to overcome disease and restore health. He became interested in cancer treatment during his Zoology study when he almost lost his family member during chemotherapy.
He makes money from the Seattle Genetics by selling the company’s particular and approved drugs. The company also earns revenues from technology licensing, production partnerships and other firms processed developments.
The business became profitable ten years after the IPO. The sales staff with marketing and biotech knowledge are essential in closing business deals. The uniqueness of Seattle Genetics products attracts more consumers over time.
Dr. Siegall’s marketing strategy to generates new businesses include meetings and negotiations as well as dining together hence promoting their brand to the target group of consumers. Hard work makes the company successful since people differ in work habits. Having passion and focus on working leads to all-around success.