Perhaps Rick is right, the stock is so manipulated that most investors have tired of being jerked around. Even if/when more success comes, profits can go into growing the company bigger rather than to the stockholder. I am long SGEN but wonder when our ship will come in.
we will obviously "channel", until data is out for both SGN-33 and more importantly SGN-35. This won't be a $11-$12 stock come October or so, it will be significantly higher, or lower.
Although blinded placebo trials scare me, i'm getting more excited about the potential for sgn-33 data, as time keeps passing keep your fingers crossed. Otherwise i think we wait until late August, or probably sometime in September for SGN-35 results.
The last patient for the SGN-35 trial was enrolled August 2009 sometime. Dosing/monitoring goes for a year, so does anyone have an idea how long to tabulate & publish data?