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Seattle Genetics' second quarter loss narrows, with growing Adcetris sales

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Seattle Genetics Inc. reported a net loss of $6.9 million for the second quarter of 2013, which was an improvement from the $17.2 million loss reported for the same period in 2012. Revenues for the second quarter of 2013 were $73.6 million, up significantly from $48.8 million for the same period last year. As of June 30, 2013, Seattle Genetics had $338.1 million in cash, cash equivalents and investments, compared to $330.3 million at the same time last year. Revenues in 2013 included Adcetris…

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