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  4. Adcetris
Adcetris logo
Healthcare & Pharmaceuticals

Who Owns Adcetris?

Adcetris (brentuximab vedotin) is owned jointly by Seagen Inc. and Takeda Pharmaceutical Company Limited. Seagen, based in Bothell, Washington, developed the drug and retains U.S. and Canadian commercialization rights. Takeda, headquartered in Tokyo, Japan, holds commercialization rights outside the U.S. and Canada. Pfizer acquired Seagen in December 2023, making Pfizer the effective co-owner of Adcetris rights in North America.

Parent Company

Pfizer Inc.

Acquired

2023

Status

Private

Headquarters

Bothell, Washington, United States

Adcetris Timeline

1849
Pfizer Inc.

Parent company established in New York, New York, USA

Company Founded
2011

Adcetris

Founded by Seagen Inc. (formerly Seattle Genetics)

Founded
2023
Acquired by Pfizer Inc.

Pfizer Inc. acquired Adcetris

Acquired
North AmericaOfficial Website

Who Owns Adcetris?

  • Parent Company: Pfizer Inc.
  • Ownership Type: Subsidiary
  • Acquisition Year: 2023
  • Company Type: Publicly Traded
  • Stock Ticker: NYSE: PFE
BrandParent CompanyOwnership Type
AdcetrisPfizer Inc.Subsidiary

Where to Buy

Disclosure: We may earn commission from purchases
AmazonAdcetris on Amazon

History of Adcetris

  • Founded: 2011
  • Founders: Seagen Inc. (formerly Seattle Genetics)
  • Acquired by Pfizer Inc.: 2023

Brentuximab vedotin was developed by Seattle Genetics, a biopharmaceutical company founded in 1997 in Bothell, Washington, specializing in antibody-drug conjugate technology. The drug uses Seattle Genetics' proprietary ADC linker-payload technology that attaches a cytotoxic agent (monomethyl auristatin E, MMAE) to an antibody targeting CD30, a protein expressed on certain lymphoma cells. When the antibody binds to a CD30-expressing cancer cell, the cell internalizes the conjugate and the payload is released, killing the cell.

In October 2009, Seattle Genetics and Millennium Pharmaceuticals (then a subsidiary of Takeda) signed a global co-development and co-commercialization agreement. Takeda paid $60 million upfront and agreed to share development costs in exchange for rights outside North America.

The FDA granted Adcetris accelerated approval on August 19, 2011, for two indications: relapsed Hodgkin lymphoma after autologous stem cell transplant failure, and relapsed systemic anaplastic large cell lymphoma. These were narrow relapsed/refractory indications based on single-arm trial data showing objective response rates.

From 2012 to 2022, Adcetris moved steadily into earlier lines of therapy. Key clinical milestones include:

  • ECHELON-1 trial (2018): Demonstrated superior progression-free survival for Adcetris combined with chemotherapy (AVD) versus standard ABVD chemotherapy in untreated advanced Hodgkin lymphoma. FDA approved the combination in March 2018, significantly expanding the addressable patient population.
  • ECHELON-2 trial (2019): Demonstrated superior overall survival for Adcetris plus CHP chemotherapy versus CHOP in CD30-expressing peripheral T-cell lymphomas. FDA approval followed in November 2018.
  • Post-transplant consolidation (2015): FDA approved Adcetris for consolidation therapy in Hodgkin lymphoma patients at high risk of relapse following autologous stem cell transplant.

Global net revenues from Adcetris reached approximately $770 million in 2022, split between Seagen's North American share and Takeda's international revenue. By 2023, annual revenues had grown to approximately $850 million combined.

Seattle Genetics rebranded as Seagen Inc. in late 2020 to better reflect its focus on cancer treatments beyond its Seattle origins. Pfizer announced its acquisition of Seagen in March 2023 and completed the deal in December 2023 after regulatory clearance from U.S. and international authorities. Pfizer cited Adcetris, along with Seagen's ADC pipeline and technology platform, as primary acquisition rationale.

About Pfizer Inc.

What does Pfizer own?
Pfizer owns a portfolio of prescription medicines and vaccines spanning oncology, cardiovascular, immunology, vaccines, and rare diseases. Key products include Eliquis (anticoagulant), Prevnar (pneumococcal vaccine), Ibrance (breast cancer), Vyndaqel (rare heart disease), Paxlovid (COVID-19 antiviral), Comirnaty (COVID-19 vaccine, with BioNTech), and Abrysvo (RSV vaccine). The 2023 acquisition of Seagen added oncology antibody-drug conjugates including Padcev, Adcetris, and Tukysa. The 2025 acquisition of Metsera added obesity treatment candidates to the pipeline.

Is Pfizer publicly traded?
Yes, Pfizer Inc. is listed on the New York Stock Exchange under ticker PFE. The company has been publicly traded since 1944. Pfizer has no single controlling shareholder, with major institutional holders including Vanguard Group, BlackRock, and State Street. Pfizer is a component of the Dow Jones Industrial Average and the S&P 500.

Who founded Pfizer?
Pfizer was founded in 1849 in Brooklyn, New York by Charles Pfizer and his cousin Charles Erhart. Charles Pfizer was a German-born chemist who emigrated to the United States. The company's first product was santonin, an antiparasitic agent. Pfizer's breakthrough into modern pharmaceuticals came during World War II when the company developed large-scale penicillin production using deep-tank fermentation.

Where is Pfizer headquartered?
Pfizer is headquartered in New York City, New York, USA. The company maintains its principal executive offices in Midtown Manhattan. Pfizer operates manufacturing facilities in the United States, Belgium, Ireland, the United Kingdom, Germany, Japan, China, India, and Brazil, and sells products in more than 125 countries worldwide.

How many products does Pfizer sell?
Pfizer sells dozens of prescription medicines and vaccines across multiple therapeutic areas. The company's portfolio includes products in oncology, vaccines, cardiovascular, immunology, rare diseases, and hospital products. Several of Pfizer's products each generate over $1 billion in annual revenue, including Eliquis, Prevnar, Ibrance, and Vyndaqel. The company's research pipeline includes hundreds of compounds in various stages of clinical development.

Who owns Pfizer?
Pfizer Inc. is publicly traded on the NYSE with a broad institutional and retail shareholder base. No single shareholder holds a controlling stake. Major institutional shareholders include Vanguard Group, BlackRock, and State Street. Albert Bourla serves as Chairman and CEO. Pfizer has no founding family or private equity controlling shareholder.

What is Pfizer's financial performance?
For full-year 2025, Pfizer reported revenue of $62.6 billion, a 2% decrease from $63.6 billion in FY2024. Excluding COVID-19 products (Comirnaty and Paxlovid), revenue grew 6% operationally. Net income was $7.77 billion, down 3% from $8.03 billion. Adjusted diluted EPS was $3.22, up 4% from $3.11. Net cash from operations was $11.7 billion. For FY2026, Pfizer projects revenue of $59.5 to $62.5 billion and adjusted diluted EPS of $2.80 to $3.00.

  • Founded: 1849
  • Headquarters: New York, New York, USA
  • Company Type: Publicly Traded
  • Stock: NYSE: PFE
  • Revenue: $62.6 billion (FY2025)
  • Employees: approximately 88,000

Visit Pfizer Inc. website

View full company profile for Pfizer Inc.

Where Is Adcetris Made / Based?

  • Headquarters: Bothell, Washington, United States
  • Manufacturing / Operations: United States, Japan

Adcetris Categories & Tags

OncologyAntibody Drug ConjugateLymphomaBiopharmaceuticalPrescription DrugCancer Treatment

Adcetris Sustainability & Ethics

Adcetris is a prescription oncology medicine; the sustainability considerations specific to the product relate primarily to drug safety monitoring, equitable access, and manufacturing environmental practices.

Pfizer (inheriting Seagen's commitments) and Takeda both operate patient assistance programs for Adcetris. The Pfizer RxPathways program and Seagen Oncology Together program provide copay assistance and free drug supply to eligible uninsured and underinsured patients in the United States. Takeda operates equivalent access programs in Europe and Japan.

Pfizer's broader sustainability framework includes greenhouse gas emission reduction commitments, water stewardship at manufacturing sites, and responsible supply chain standards for API suppliers. Takeda publishes annual sustainability reports covering similar metrics.

Post-market pharmacovigilance for Adcetris is conducted jointly by Pfizer and Takeda through their co-development agreement safety reporting obligations. The drug carries a boxed warning for progressive multifocal leukoencephalopathy (PML), a rare but serious brain infection caused by JC virus reactivation, and physicians are required to monitor patients for neurological symptoms.

Awards & Recognition

  • FDA Breakthrough Therapy Designation: Adcetris received Breakthrough Therapy designation for multiple indications during its development, accelerating review timelines.
  • FDA Priority Review: Multiple supplemental approvals received via Priority Review based on clinical significance of the indication.
  • American Society of Hematology Best Abstract Awards: ECHELON-1 and ECHELON-2 trial results were presented as featured studies at ASH annual meetings and cited among key advances in lymphoma treatment.
  • European Medicines Agency Centralized Authorization: Adcetris received centralized approval in the European Union, allowing marketing in all EU member states from a single authorization.
  • Prix Galien Finalist: Adcetris was recognized as a finalist for the Prix Galien USA award, which acknowledges pharmaceutical innovation.

Adcetris Recalls & Controversies

Boxed Warning for PML: The FDA requires Adcetris to carry a boxed warning for progressive multifocal leukoencephalopathy (PML), caused by JC virus reactivation. PML is a rare but often fatal or severely disabling brain infection. Cases were reported in Adcetris-treated patients in post-marketing surveillance. The FDA strengthened this warning over time as additional cases accumulated. Pfizer and Takeda are required to conduct ongoing pharmacovigilance and communicate PML risk to prescribers through a Risk Evaluation and Mitigation Strategy (REMS) program.

Peripheral Neuropathy Toxicity: Clinical trials and post-marketing reports document high rates of peripheral neuropathy (numbness, tingling, pain in hands and feet) in patients receiving Adcetris. In the ECHELON-1 trial, peripheral neuropathy occurred in approximately 67% of patients treated with Adcetris plus AVD. While most cases resolved or improved after discontinuation, some patients experienced persistent neuropathy. This is a labeled adverse event that oncologists weigh against clinical benefit.

Pricing and Access Concerns: At a U.S. list price of approximately $12,000 to $14,000 per 100 mg vial, a standard treatment course can cost over $100,000. Patient advocacy groups and healthcare policy researchers have raised concerns about affordability and access disparities between high-income and lower-income countries, where the drug is often not approved or not reimbursed.

REMS Program Requirements: The Adcetris Risk Evaluation and Mitigation Strategy requires prescriber certification and patient monitoring protocols, which create administrative burdens for oncology practices. These requirements reflect the drug's serious adverse event profile and are mandated by the FDA.

Brands Owned by Pfizer Inc.

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Caduet

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Prescription combination drug containing amlodipine and atorvastatin, co-promoted by Pfizer and developed for simultaneous blood pressure and cholesterol management.

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CelebrexHealthcare Pharmaceuticals

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Owned by Pfizer Inc.

Prescription COX-2 inhibitor anti-inflammatory medication for treating arthritis pain, originally developed by G.D. Searle & Company and now marketed by Pfizer.

pain-reliefanti-inflammatoryarthritis
ChantixHealthcare Pharmaceuticals

Chantix

Owned by Pfizer Inc.

Prescription smoking cessation medication (varenicline) developed by Pfizer, FDA-approved in 2006.

smoking-cessationvareniclinenicotinic-receptor
DiflucanHealthcare Pharmaceuticals

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Owned by Pfizer Inc.

Prescription antifungal medication (fluconazole) for treating candidiasis, cryptococcal meningitis, and other fungal infections. Developed by Pfizer, FDA-approved in 1990.

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EliquisHealthcare Pharmaceuticals

Eliquis

Owned by Pfizer Inc.

Prescription anticoagulant medication (apixaban) for preventing blood clots and stroke in patients with atrial fibrillation. Co-developed and co-marketed by Bristol-Myers Squibb and Pfizer. One of the highest-grossing pharmaceutical products globally with $14.4 billion in 2025 sales.

cardiovascularanticoagulantblood-thinner
LeucovorinHealthcare Pharmaceuticals

Leucovorin

Owned by Pfizer Inc.

Generic prescription folinic acid (5-formyltetrahydrofolate) used for methotrexate rescue in high-dose methotrexate chemotherapy, as a biochemical modulator of fluorouracil (5-FU) in colorectal cancer regimens including FOLFOX and FOLFIRI, and for treatment of megaloblastic anemia; originally developed by Lederle Laboratories in the 1940s and now manufactured by multiple pharmaceutical companies including Pfizer/Hospira, Teva, and Fresenius Kabi.

folinic-acidmethotrexate-rescuecolorectal-cancer
View all brands owned by Pfizer Inc.

Adcetris Ownership: Pros & Cons

Advantages

  • +Pfizer's global commercial infrastructure and oncology sales force accelerate market access in North America following the Seagen acquisition
  • +Established first-mover advantage as one of the earliest approved ADCs, giving Adcetris years of real-world prescribing experience and clinical familiarity among oncologists
  • +ECHELON-1 and ECHELON-2 overall survival data position Adcetris as standard of care in frontline settings, protecting revenue from later-line competitive pressure
  • +Takeda's international presence in Japan and Europe provides geographic revenue diversification outside Pfizer's direct responsibility

Considerations

  • -Split co-ownership between Pfizer and Takeda creates ongoing coordination requirements for safety reporting, clinical development decisions, and regulatory submissions in different jurisdictions
  • -Checkpoint inhibitor competition in relapsed Hodgkin lymphoma (pembrolizumab, nivolumab) limits Adcetris's later-line growth potential
  • -ADC platform is no longer proprietary; competing ADCs from AstraZeneca, Roche, and others now target overlapping tumor types, increasing future competitive pressure
  • -Serious toxicities including PML risk and peripheral neuropathy require ongoing monitoring that can deter some prescribers

Frequently Asked Questions About Adcetris

Sources & Further Reading

  • Adcetris Prescribing Information (Full U.S. Label) -
  • FDA Approval History: Adcetris (brentuximab vedotin) -
  • Seagen (now Pfizer) pipeline and Adcetris background -
  • Takeda Adcetris product page -
  • ECHELON-1 trial results (Connors et al., NEJM 2018) -
  • ECHELON-2 trial results (Horwitz et al., Lancet 2019) -
  • Wikidata: Brentuximab vedotin entity -
  • Pfizer Inc. Annual Report 2024 -
  • EMA: Adcetris European Public Assessment Report -
  • FDA REMS Program: Adcetris -

Competitors to Adcetris

These competing brands operate in the same categories and provide similar products or services. Compare key attributes to understand market positioning and competitive landscape.

BrandParent CompanyCountryFoundedMarket PositionPrimary MarketGender Target
AfinitorAfinitor
Novartis
Switzerland
2009
Mass marketNorth americaAll Genders
AvastinAvastin
Roche
Switzerland
2004
PremiumGlobalUnisex
KadcylaKadcyla
Roche
Switzerland
2013
Mass marketGlobalAll Genders
KeytrudaKeytruda
Merck
USA
2014
Mass marketGlobalAll Genders
RituxanRituxan
Roche
USA (Genentech)
1997
Mass marketGlobalAll Genders
TarcevaTarceva
Roche
Switzerland
2004
EstablishedGlobalUnisex

Learn More About Competitors

AfinitorHealthcare Pharmaceuticals

Afinitor

Owned by Novartis

Prescription oncology medicine (everolimus) used to treat certain cancers and tuberous sclerosis complex, developed and marketed by Novartis AG.

oncologycancerpharmaceutical
AvastinHealthcare Pharmaceuticals

Avastin

Owned by Roche

Groundbreaking anti-VEGF biologic cancer therapy (bevacizumab) developed by Genentech and owned by Roche, FDA approved February 26, 2004, that reached peak global sales of $7.1 billion in 2019 and now faces biosimilar competition including Mvasi (Amgen) and multiple other approved alternatives.

oncologybevacizumabanti-vegf
KadcylaHealthcare Pharmaceuticals

Kadcyla

Owned by Roche

Roche's HER2-targeted antibody-drug conjugate for breast cancer, FDA approved in 2013. Generated CHF 2 billion in 2025.

oncologybreast-cancerher2
KeytrudaHealthcare Pharmaceuticals

Keytruda

Owned by Merck & Co.

Prescription PD-1 checkpoint inhibitor immunotherapy for multiple cancers, owned by Merck and Co. (NYSE: MRK).

oncologycancer-treatmentimmunotherapy
RituxanHealthcare Pharmaceuticals

Rituxan

Owned by Roche

Anti-CD20 monoclonal antibody (rituximab) for B-cell cancers and autoimmune diseases, owned by Roche.

oncologylymphomarituximab
TarcevaHealthcare Pharmaceuticals

Tarceva

Owned by Roche

Prescription oncology drug (erlotinib) for lung and pancreatic cancer, owned by Roche Holding AG.

oncologylung-cancerpancreatic-cancer

Competitive Analysis

Market Positioning: Adcetris competes with 6 brands in the same categories, ranging from mass market to luxury positioning.

Geographic Distribution: Competitors are headquartered across multiple regions, indicating global competition in this market segment.

Brand Heritage: Competitor brands range from established heritage brands to newer market entrants, with founding years spanning several decades.

Independent Alternatives to Adcetris

Looking for brands with different ownership structures? These similar brands are not owned by Pfizer Inc., giving you alternative choices that support different corporate structures.

AlconHealthcare Pharmaceuticals

Alcon

Owned by Alcon Inc.

Independent publicly traded global eye care company headquartered in Geneva, Switzerland, specializing in surgical equipment, contact lenses, and ophthalmic products. Spun off from Novartis in April 2019.

eye-carecontact-lensesophthalmic
Publicly Traded

Alcon operates independently without a large parent corporation.

Bausch + LombHealthcare Pharmaceuticals

Bausch + Lomb

Owned by Bausch + Lomb Corporation

Global eye health company and contact lens manufacturer founded in 1853, known for ULTRA, Biotrue One Day, and INFUSE lens lines. Public on NYSE and TSX under BLCO.

contact-lensesvision-carebausch-lomb
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Bausch + Lomb operates independently without a large parent corporation.

GE HealthCareHealthcare Pharmaceuticals

GE HealthCare

Owned by GE HealthCare Technologies Inc.

Independent publicly traded healthcare technology company spun off from General Electric in January 2023, providing medical imaging, diagnostics, and healthcare IT solutions globally.

healthcare-technologymedical-imagingdiagnostics
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GE HealthCare operates independently without a large parent corporation.

GoodRxHealthcare Pharmaceuticals

GoodRx

Owned by GoodRx Holdings, Inc.

American healthcare technology platform providing prescription drug price comparison, discount coupons, and telehealth services to help consumers find affordable healthcare options.

prescription-savingshealthcare-technologydrug-prices
Publicly Traded

GoodRx operates independently without a large parent corporation.

HerbalifeHealthcare Pharmaceuticals

Herbalife

Owned by Herbalife Ltd.

Global nutrition and weight-management brand owned by Herbalife Ltd. and sold through independent distributors in more than 90 markets.

nutritiondietary-supplementsweight-management
Publicly Traded

Herbalife operates independently without a large parent corporation.

MeniconHealthcare Pharmaceuticals

Menicon

Owned by Menicon Co., Ltd.

Japan's first and largest contact lens manufacturer, founded in 1951 in Nagoya. Known for rigid gas permeable lenses, orthokeratology, and expanding daily disposable silicone hydrogel products.

contact-lensesvision-carergp-lenses
Publicly Traded

Menicon operates independently without a large parent corporation.

Pfizer Inc. Stock Information

Jobs at Pfizer Inc.

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Last reviewed: May 25, 2026 · Reviewed by Who Brands Editorial Team