UPDATE: Seattle Genetics Common Stock Halted; FDA to Discuss Company's Application for ADCETRIS

Seattle Genetics, Inc. SGEN announced that NASDAQ has halted trading of the company's common stock. The U.S. Food and Drug Administration's Oncologic Drugs Advisory Committee is meeting today to discuss the company's Biologics License Applications for ADCETRIS™ (brentuximab vedotin). ODAC will review the BLA for the treatment of relapsed or refractory Hodgkin lymphoma during the morning session and the BLA for the treatment of relapsed or refractory systemic anaplastic large cell lymphoma during the afternoon session. ADCETRIS is an antibody-drug conjugate directed to CD30, a defining marker of Hodgkin lymphoma and ALCL.