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ImmunoGen Already 4% Up, Almost Six Hours Before The NASDAQ Open

ViaNews Editorial Team

February 6, 2023

ImmunoGen Already 4% Up, Almost Six Hours Before The NASDAQ Open
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(VIANEWS) - The NASDAQ opens in less than six hours and ImmunoGen's pre-market value is already 4.94% up.

ImmunoGen's last close was $4.66, 29.71% below its 52-week high of $6.63.

The last session, NASDAQ ended with ImmunoGen (IMGN) falling 5.28% to $4.66. NASDAQ dropped 1.59% to $12,006.96, following the last session's downward trend on what was an all-around bearish trend exchanging session.

About ImmunoGen

ImmunoGen, Inc., a clinical-stage biotechnology company, develops antibody-drug conjugate (ADC) therapies to treat cancer. The company's product candidates include mirvetuximab soravtansine, an ADC targeting folate-receptor alpha (FRa), which is in Phase III clinical trial for the treatment of platinum-resistant ovarian cancer; and Pivekimab sunirine, a CD123-targeting ADC that is in Phase II clinical trial for treating acute myeloid leukemia and blastic plasmacytoid dendritic cell neoplasm. Its preclinical programs include IMGC936, an ADC in co-development with MacroGenics, Inc.; and IMGN151, an anti FRa product candidate. The company has collaborations with Roche; Amgen/Oxford BioTherapeutics; Bayer HealthCare AG; Eli Lilly and Company; Novartis Institutes for BioMedical Research, Inc.; CytomX Therapeutics, Inc.; Fusion Pharmaceuticals Inc.; Debiopharm International SA; and MacroGenics, Inc. ImmunoGen, Inc. was founded in 1980 and is headquartered in Waltham, Massachusetts.

Earnings Per Share

As for profitability, ImmunoGen has a trailing twelve months EPS of $-0.252.

The company's return on equity, which measures the profitability of a business relative to shareholder's equity, for the twelve trailing months is negative -100.96%.

Growth Estimates Quarters

The company's growth estimates for the ongoing quarter and the next is a negative 38.9% and a negative 47.1%, respectively.

Sales Growth

ImmunoGen's sales growth is 35.5% for the present quarter and negative 44% for the next.

Yearly Top and Bottom Value

ImmunoGen's stock is valued at $4.66 at 04:27 EST, way below its 52-week high of $6.63 and way higher than its 52-week low of $3.10.

Revenue Growth

Year-on-year quarterly revenue growth declined by 16.4%, now sitting on 89.44M for the twelve trailing months.

More news about ImmunoGen (IMGN).

ViaNews Editorial Team

Via News Editorial Team delivers comprehensive financial news coverage and market analysis from journalists around the world. Our team specializes in data journalism and in-depth reporting on stock markets, business developments, and economic trends.