Re: SGEN vs IMGN
I own some of both, so I think I can be unbiased here.
First, I like the IMGN valuation better. So don't get me wrong here.
SGEN has 2 pluses.
I think many view their technology as somewhat newer and better. I am not saying I support that logic, but it's kind of the feeling you get.
Also, SGEN does have other pipeline products, whereas IMGN is really ADC or nothing.
On finacials, SGEN has a better balance sheet, but the burn rate is worse.
Overall, I like ADC tech because it is potentially a patent extension method for MAD holders. If that happens, somebody will make good money there. My SGEN play was just diversifying within the technology.