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Why Seagen Shares Are Tumbling 12.5% Today


Even though Seagen (NASDAQ: SGEN) reported top-line and bottom-line third-quarter financial results that were better than analysts' forecast, its shares were falling 12.5% at 11:40 a.m. EDT on Friday.

The launch of new cancer treatments this year continue to drive significant revenue growth for the biotech company.

Image source: Getty Images.

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Source Fool.com

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