Yet another Keytruda collaboration showing promise
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On the stock market today, shares of Seattle Genetics (SGEN) popped 12.4%, to 85.40, in above-average volume. Seattle Genetics stock easily topped a buy point at 81.50, out of a cup with handle that began forming in October 2018.
The biotech company tested a combination of its experimental drug, enfortumab vedotin, and an immuno-oncology drug called Keytruda, from Merck (MRK). Nearly three-quarters of patients, or 71%, responded to the bladder cancer treatment, Seattle Genetics said in a news release.