Seagen will spend between $350 and $400 million over the next three years to construct a greenfield biomanufacturing site in Everett, Washington.
Antibody-drug conjugate (ADC) pioneer Seagen (previously Seattle Genetics) will imminently begin constructing a biologics facility in Everett, Washington, close to its existing site in Bothell.
The 270,000 square-foot plant is expected to be operational in 2024 and will employ up to 200 workers to produce clinical and commercial products.
‚ÄúIn cancer research and development, Seagen must continue to be agile and flexible, especially in manufacturing, to advance our promising pipeline of medicines for people living with cancer and bring these medicines to patients as fast as possible,‚ÄĚ said Seagen‚Äôs CEO Clay Siegall.
‚ÄúThis new biomanufacturing facility is another way we are growing and expanding operations while also positioning ourselves to attract top-flight talent to drive our business priorities.‚ÄĚ
Seagen has sat on the Everett site for almost a year, quietly signing a 20-year lease last June for the building complex to provide future additional manufacturing, laboratory, and office space.
According to the firm‚Äôs Form 10-K for the fiscal year ended December 31, 2021, Seagen expects to spend approximately $350 million to $400 million over the next three years on the site.
Along with the Bothell plant, Everett will support Seagen‚Äôs current ADC portfolio and its pipeline of 17 biologics for solid tumors and hematologic malignancies. Seagen has four ADC‚Äôs commercially available in the US, the latest approved being Tivdak (tisotumab vedotin) for cervical cancer.