Seagen says CEO has resigned


Shares of Seagen Inc. SGEN, +3.25% were up 2.4% in trading on Monday after the company said its president and CEO Clay Siegall has resigned. Seagen had announced last week that Siegall would take a leave of absence after he was allegedly involved in a domestic violence incident at his home. Siegall has denied the allegations. Roger Dansey, Seagen’s chief medical officer, has already stepped in as interim CEO while the board of directors looks for a new CEO. Seagen’s stock has declined 9.8% this year, while the S&P 500 SPX, -0.90% is down 15.5%.

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