Dr. Clay Siegall co-founder of Seattle Genetics. The company, headquartered
in Seattle, is a biotech firm that works to develop therapeutic drugs for
diseases that have shown little to no improvement in survival rates in many
Dr. Siegall pursued his undergraduate work at The University Of Maryland where he earned a Bachelor of Science degree in zoology. He would finish his education with a PHD in genetics from George Washington University.
Dr. Siegall has led Seattle Genetics to the top of its industry. The company
was responsible for producing the first ever anti-body drug to approved by
the FDA. Seatlle Genetics has also been able to foster partnerships with drug
manufacturers including Bayer, Genentech, Pfizer, and others.
Dr. Siegall believes that the antiquated philosophies regarding the treatment of
various cancers are soon to be finished. Recently, Dr. Clay Siegall gave his
insight on the industry.
What Inspired Your Start In The Business
I was always interested in the power of medicine and technology to overcome disease. While studying at University Of Maryland a family member became sick with cancer. At times it seemed the treatment was worse then the disease. It was at this time that I became interested in cancer specifically.
How Does Seattle Genetics Make Money
At Seattle Genetics we make money in multiple ways. The obvious is selling our drug treatments. We also make money from partnership productions as well as licensing technologies and processes we have developed.
How Much Time Passed Before You Saw A Profit
Best guess. Ten years.
Along The Way Did You Have Doubts
There were times I think around 1999 and 2000 that things were a little shaky. We were suffering from severe capital depletion and things did not look good. I am a workaholic by nature so my response to this crisis was simply to refocus and work harder.
What Is One Marketing Strategy That You Swear By
Wine, Dine, and many hours of meeting. We have an excellent legal team to handle negotiations.
To What Would You Attribute Your Success
Charles Darwin stated once in a letter to his cousin that he believed men did not possess significant differences in intellect. The substantial difference lies in work habits. I believe any success I have gained stems from keeping this in mind.