January 31, 2018 / 11:46 AM / 21 days ago

BRIEF-Seattle Genetics Commences Underwritten Public Offering Of $550 Mln Of Shares

Jan 31 (Reuters) - Seattle Genetics Inc:

* SEATTLE GENETICS ANNOUNCES PROPOSED PUBLIC OFFERING OF COMMON STOCK

* SEATTLE GENETICS INC - COMMENCED AN UNDERWRITTEN PUBLIC OFFERING OF $550.0 MILLION OF SHARES OF ITS COMMON STOCK

* SEATTLE GENETICS INC - ANTICIPATES USING NET PROCEEDS FROM OFFERING TO FUND A PORTION OF COSTS OF ACQUISITION OF CASCADIAN THERAPEUTICS Source text for Eikon: Further company coverage:

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