Clay Siegall, the Great Mind behind Seattle Genetics’ Success

Dr. Clay Siegall is a biotechnology expert with almost 30 years’ experience in this field. He worked for the National Cancer Institute and National Institutes of Health from 1988 to 1991. Between 1991 and 1997, he worked for the Bristol-Myers Squibb Pharmaceutical Research Institute. He serves on the boards of quite a number of high-profile biotechnology and pharmaceutical companies. Dr. Siegall holds a degree in Zoologyand a Ph.D. in Genetics. He has been a member of the board of directors of Ultragenyx, a biopharmaceutical company committed to developing drugs to treat rare genetic diseases, since January 2014.

Seattle Genetics

Dr. Siegall was one of the founders of Seattle Genetics in 1998 and is the company’s current president and CEO. He also chairs the board of the company. He has led the company for almost 14 years now. Seattle Genetics is a biotechnology company based in Bothell, Washington, that is focused on developing a range of antibody-based therapies for the treatment of cancer and other autoimmune conditions.

In addition to their commitment to developing treatments for cancer, the company is also working on developing a diverse portfolio of products to address other medical needs. The company has grown from just about 100 employees 10 years ago to almost 1000 this year under the able leadership of Dr. Siegall. He was inspired to study cancer at a cellular level after his father died of brain cancer.

Seattle Genetics has only one commercialized drug known as Adcetris so far. The drug is now being tested in different types of cancer, especially lymphomas. The results of these tests will potentially have a great impact on the company and on the field of cancer research.

Conclusion

Dr. Siegall has great aspirations for the cancer research field and is determined to develop effective cancer treatments through his company with help from the other companies he works closely with.

Stephen Murray Helped Our Business Start Its Own Trust

Stephen Murray helped us start a trust account for our company because we believed that would be the best way to continue to raise money that would act like an endowment for our company.

We knew that there are a lot of things we can do with the money we might raise from this trust, and we asked Stephen Murray at CCMP Capital to help us get started. He made sure that we were involved in this mew investment fund that he created, and he was also sure that we could do very well.

We knew that we wanted to get started as soon as possible, and it is also interesting because we got help from CCMP Capital even after Stephen Murray died.

We were sad to hear about his death, and we wondered what was going to happen now that he has passed away. It is was really good for us because there were a couple people who worked under Stephen Murray who talked to us about what to do next.

It was like Stephen Murray was still working with us because we could tell that he had trained everyone in the office. We knew that he worked in all the parts of CCMP Capital when it was a smaller investment bank tied to Chase Bank, and we became the CEO because he was respected on Wall Street.

We actually got recommended to use Stephen Murray by a friend, and we were very happy with the way everything went. Learn more about Stephen Murray CCMP Capital: https://www.pehub.com/2007/10/5-questions-with-stephen-murray/

We wish that we could still talk to Stephen Murray about our investments, but we have been doing very well because of what he did. He set up our accounts when we met with him, and he put us in a lucrative fund.