What it takes to get to $10 billion | Taking Stock
Last updated 12/28/2016 at Noon
I reported in November that Seattle Genetics had reached a market capitalization of $10 billion for the first time. Market capitalization is measured by multiplying the value of one share of stock by the total number of shares outstanding. Market capitalization is a variable thing as share prices go up and down. This week, Seattle Genetics is worth a little over $9 billion. But the $10 billion milestone had been reached for the first time.
I was invited to visit Seattle Genetics and see the process of developing new drugs. Much of the visit was over my level of understanding, but the proce...