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AbbVie (ABBV) is set to acquire Immunogen (IMGN) for $10 billion in cash, to access a new cancer drug class called antibody-drug conjugates (ADC). Read more here.Nov 30, 2023 · Shares of ImmunoGen jumped 82.7 percent to $29.35 on the Nasdaq exchange Thursday. Shares of AbbVie advanced 2.7 percent to $142.34 on the New York Stock Exchange. Nov 30, 2023 · The drugmaker will pay $31.26 per ImmunoGen share in cash, representing a premium of 94.6% to the last closing price. ImmunoGen shares have more than tripled this year, after the company said in ... Nov 30 (Reuters) - AbbVie (ABBV.N) will buy ImmunoGen (IMGN.O) for $10.1 billion in cash, it said on Thursday, the latest major drugmaker to acquire a maker …AbbVie will pay $10 billion for Immunogen, acquiring an approved treatment for ovarian cancer and buying into a burgeoning area of oncology, STAT writes. Under the agreement, AbbVie will pay $31. ...The company said it will pay $31.26 in cash for each ImmunoGen share. That amounts to a 95% premium on the stock's closing closing price Wednesday of $16.06. The deal delivers Elahere, an ImmunoGen ovarian cancer treatment that AbbVie says could eventually reap billions of dollars in annual sales and drive long-term revenue growth.ImmunoGen announces FDA accelered approval of Elahere (mirvetuximab soravtansine-gynx) for the treatment of platinum-resistant ovarian cancer. News release. ImmunoGen Inc. November 14, 2022.Aug 28, 2023 · ImmunoGen's stock has rocketed 225.2% year to date through Friday, while the S&P 500 has tacked on 14.8%. -Tomi Kilgore . This content was created by MarketWatch, which is operated by Dow Jones ... ImmunoGen (IMGN) delivered earnings and revenue surprises of 20.69% and 132.98%, respectively, for the quarter ended December 2022. Do the numbers hold clues to what lies ahead for the stock?Nov 30, 2023 · The need-to-know this morning. • Abbvie said it would acquire ImmunoGen, a maker of cancer drugs, for $10.1 billion. ImmunoGen is being acquired for $31.26 per share, or a 95% premium to its ... According to the current price, ImmunoGen is 98.74% away from the 52-week high. What are analysts forecasts for ImmunoGen stock? The 32 analysts offering price ...What This Means for SNGX Stock. Investors are excited about this latest clinical trial news as it puts Soligenix one step closer to commercializing SGX945. If results come in positive, it could ...May 9, 2023 · Nuttawan Jayawan/iStock via Getty Images. ImmunoGen, Inc. (NASDAQ:IMGN) is a good speculative biotech play to look into, because it just recently reported positive results from the ongoing phase 3 ... By Leroy Leo and Manas Mishra. (Reuters) -AbbVie will buy ImmunoGen for $10.1 billion in cash, it said on Thursday, the latest major drugmaker to acquire a maker of promising "guided missile ...WALTHAM, Mass., May 03, 2023 -- ( BUSINESS WIRE )-- ImmunoGen Inc. (Nasdaq: IMGN), a leader in the expanding field of antibody-drug conjugates (ADCs) for the treatment of cancer, today announced ...On November 14, 2022, the Food and Drug Administration granted accelerated approval to mirvetuximab soravtansine-gynx (Elahere, ImmunoGen, Inc.) for adult patients with folate receptor alpha (FRα ...By MarketNewsVideo Former Contributor. Jan 16, 2014. In trading on Thursday, shares of ImmunoGen, Inc. (NASD: IMGN) crossed above their 200 day moving average of $16.32, changing hands as high as ...Shares of ImmunoGen Inc. rocketed toward a 23-year high Thursday after the biotechnology company agreed to be acquired buy AbbVie Inc. in a cash deal valued at $10.1 billion. AbbVie said the deal ...ImmunoGen (IMGN) Company Description: ImmunoGen, Inc. is a biotechnology company, which engages in discovering and developing antibody-drug conjugate therapies that meaningfully improve the lives ...

Get the latest news and real-time alerts from ImmunoGen, Inc. (IMGN) stock at Seeking Alpha.Photo: Brian L. Frank for The Wall Street Journal. Drug company AbbVie has agreed to buy biotech ImmunoGen for $10.1 billion in a new bet on one of the most promising novel drug technologies for ...AbbVie (ABBV) is set to acquire Immunogen (IMGN) for $10 billion in cash, to access a new cancer drug class called antibody-drug conjugates (ADC). Read more here.AbbVie (ABBV) is set to acquire Immunogen (IMGN) for $10 billion in cash, to access a new cancer drug class called antibody-drug conjugates (ADC). Read more here.AbbVie is buying rival biotech firm ImmunoGen for $10.1 billion, giving it access to ImmunoGen's flagship ovarian cancer treatment. The deal values ImmunoGen shares at $31.26, nearly double its ...

Multiple Wall Street firms lower bullish ratings on ImmunoGen (IMGN) after AbbVie (ABBV) agrees to acquire the cancer drugmaker for $10.1B. Find out the reasons.AbbVie (ABBV) is set to acquire Immunogen (IMGN) for $10 billion in cash, to access a new cancer drug class called antibody-drug conjugates (ADC). Read more here.As of August 30, 2023, the average one-year price target for Immunogen is 24.25. The forecasts range from a low of 13.13 to a high of $28.35. The average price target represents an increase of 52. ...…

Reader Q&A - also see RECOMMENDED ARTICLES & FAQs. ImmunoGen reported a net loss of $41.0 million for the . Possible cause: Nov 20, 2023 · ImmunoGen, Inc. is a biotechnology company, which engages in dis.