Clay Siegall is the president and founder of Seattle Genetics. He is a trained scientist with most of his medical emphasis based on targeted therapies. He founded the Seattle genetics with the aim of helping his patients, and through his strategic leadership, he has raised the company status to one of the leading centers for the development of drugs.
One of the notable drugs that have received approval from the FDA is the antibody-drug conjugates. That aside, Clay has made some notable accomplishments under his leadership included the awarding of strategic licenses such as the Pfizer, GlaxoSmithKline, and AbbVie. Before he founded Seattle genetics, clay worked with the national institutes of health, national cancer institute, and the Bristol-Myers Squibb pharmaceutical research institute.
Dr. Clay has always been passionate when it comes to medicine, and his drive is based on the need to intervene nature’s course and restore people’s health. His interest in cancer treatment came when he was at the University of Maryland. One of his family members got severely ill, and the treatment method was brutal that led to the development of anemia which wasn’t as a result of cancer but chemotherapy. This was a traumatizing moment for him and despite being familiar with other treatments which involved amputation and radical surgery; he thought that there was a better way.
Dr. Clay Siegall makes money in different ways. To start with, he has his proprietary drugs which he sells at a profit. That aside, there is the antibody-drug conjugate that was approved by the FDA which is doing well in the market. Apart from the selling drugs he also earns substantial revenue from licensing of technologies and production partnerships that he has developed over the years. Clay notes that getting the drug was a tedious process, but he is happy that they got the approval and can now focus on generating more revenue from it. When he started out there was a time around 1999 to 2000 when his operational capital was almost getting depleted but being a workaholic in nature he buried his hatches and got back to work and eventually, he pulled through.