Approximately one month after Seagen (Nasdaq:SGEN) CEO Clay Siegall resigned following a domestic abuse arrest, Merck & Co. (NYSE:MRK) is considering purchasing the company, according to WSJ. One potential hurdle is the possibility of increased antitrust enforcement from the DOJ and FTC focused on the pharmaceutical sector. To sidestep such risks, the two companies could enter a…
Seagen CEO Siegall resigns after domestic abuse arrest
Seagen (Nasdaq:SGEN) has announced that its CEO Clay Siegall has resigned following a domestic abuse arrest in April. Police charged Siegall with fourth-degree misdemeanor assault. He maintains his innocence. The company has named its lead independent director Felix Baker to assume the role of chair of the board of directors. Seagen Chief Medical Officer Dr.…