ImmunoGen, Inc., a clinical-stage biotechnology company, develops antibody-drug conjugate (ADC) therapies to treat cancer. Its product candidates include mirvetuximab soravtansine, an ADC targeting folate-receptor alpha, which is in Phase III clinical trial for the treatment of platinum-resistant ovarian cancer; IMGN779 that is in Phase I clinical trial for the treatment of acute myeloid leukemia (AML); and IMGN632, a CD123-targeting ADC that is in Phase I clinical trial for treating AML and blastic plasmacytoid dendritic cell neoplasm. ImmunoGen, Inc. has collaborations with Roche, Amgen/Oxford BioTherapeutics, sanofi-aventis U. S. LLC, Biotest AG, Bayer HealthCare AG, Novartis Institutes for BioMedical Research, Inc., CytomX Therapeutics, Inc., Takeda Pharmaceutical Company Limited, Fusion Pharmaceuticals Inc., Debiopharm International SA, Jazz Pharmaceuticals Ireland Limited, and MacroGenics, Inc. ImmunoGen, Inc. was founded in 1980 and is headquartered in Waltham, Massachusetts.
Industry, Sector and Symbol
Industry Pharmaceutical preparations
Sub-IndustryBiotechnology
SectorMedical
Phone781-895-0600
Debt
Price-To-Earnings
Sales & Book Value
Annual Sales$53.82 million
Profitability
Miscellaneous
Employees296
Next Earnings Date7/26/2019 (Estimated)
OptionableOptionable
ImmunoGen (NASDAQ:IMGN) Frequently Asked Questions
What is ImmunoGen's stock symbol?
ImmunoGen trades on the NASDAQ under the ticker symbol "IMGN."
How were ImmunoGen's earnings last quarter?
ImmunoGen, Inc. (NASDAQ:IMGN) issued its quarterly earnings data on Friday, May, 3rd. The biotechnology company reported ($0.30) earnings per share (EPS) for the quarter, topping analysts' consensus estimates of ($0.31) by $0.01. The biotechnology company had revenue of $8.60 million for the quarter, compared to the consensus estimate of $10.59 million. ImmunoGen had a negative net margin of 406.27% and a negative return on equity of 573.13%. The company's quarterly revenue was down 56.6% compared to the same quarter last year. During the same quarter in the previous year, the firm earned ($0.30) EPS. View ImmunoGen's Earnings History.
When is ImmunoGen's next earnings date?
What price target have analysts set for IMGN?
10 analysts have issued twelve-month target prices for ImmunoGen's stock. Their predictions range from $2.50 to $4.00. On average, they expect ImmunoGen's stock price to reach $3.03 in the next twelve months. This suggests a possible upside of 52.3% from the stock's current price. View Analyst Price Targets for ImmunoGen.
What is the consensus analysts' recommendation for ImmunoGen?
10 Wall Street analysts have issued "buy," "hold," and "sell" ratings for ImmunoGen in the last year. There are currently 1 sell rating, 6 hold ratings and 3 buy ratings for the stock, resulting in a consensus recommendation of "Hold." View Analyst Ratings for ImmunoGen.
What are Wall Street analysts saying about ImmunoGen stock?
Here are some recent quotes from research analysts about ImmunoGen stock:
- 1. According to Zacks Investment Research, "ImmunoGen reported dismal first-quarter results wherein earnings and sales missed expectations. The company is progressing with its lead ovarian cancer candidate, mirvetuximab soravtansine. Successful development and subsequent approval of the candidate will be a huge boost to the company as the ovarian cancer market has immense potential. The company has collaborations with big healthcare companies, which not only validate its technology but also provide it with funds in the form of milestone and royalty payments. However, ImmunoGen is heavily dependent on its lead candidate, mirvetuximab soravtansine. In March, the company received a major setback as the candidate failed in its phase III monotherapy study. The ovarian cancer space is also highly competitive, which is also a matter of concern for the company. The company’s shares have underperformed the industry so far this year." (5/8/2019)
- 2. HC Wainwright analysts commented, "Our 12-month, $18 price target on shares of ImmunoGen is based on a 13-year DCF-driven, sum-of-the-parts analysis. Our DCF analysis is based on: beta of 1.8, terminal growth rate of 0.5%, risk premium of 4.93%, calculated WACC of 12.0%, and tax rate of 12% beginning in FY 2028. Note, our $18 price target is leveraged on the outcome of the mirvetuximab soravtansine’s Phase 3 FORWARD I study, which represents approximately 89% of our target (risk-adjusted NPV of $16 per share). Key risks to our valuation include: emergence of ADC-related safety concerns, clinical, regulatory, and financials risks. ImmunoGen, Inc." (1/3/2019)
Has ImmunoGen been receiving favorable news coverage?
Press coverage about IMGN stock has trended negative on Sunday, according to InfoTrie Sentiment. The research group identifies positive and negative news coverage by monitoring more than six thousand news and blog sources. The firm ranks coverage of publicly-traded companies on a scale of -5 to 5, with scores closest to five being the most favorable. ImmunoGen earned a media sentiment score of -2.0 on InfoTrie's scale. They also gave press coverage about the biotechnology company a news buzz of 8.0 out of 10, meaning that recent news coverage is very likely to have an impact on the company's share price in the next several days.
Who are some of ImmunoGen's key competitors?
Some companies that are related to ImmunoGen include Corcept Therapeutics (CORT), Epizyme (EPZM), Eidos Therapeutics (EIDX), Theravance Biopharma (TBPH), Clementia Pharmaceuticals (CMTA), Ra Pharmaceuticals (RARX), Amphastar Pharmaceuticals (AMPH), Radius Health (RDUS), Omeros (OMER), Alder Biopharmaceuticals (ALDR), Athenex (ATNX), MacroGenics (MGNX), Axovant Sciences (AXON), Inflarx (IFRX) and Deciphera Pharmaceuticals (DCPH).
What other stocks do shareholders of ImmunoGen own?
Who are ImmunoGen's key executives?
ImmunoGen's management team includes the folowing people:
- Mr. Mark J. Enyedy, Pres, CEO, Interim Principal Financial Officer & Director (Age 55)
- Dr. Richard J. Gregory, Exec. VP & Chief Scientific Officer (Age 61)
- Mr. Craig Barrows, Exec. VP, Gen. Counsel & Sec. (Age 64)
- Dr. Anna Berkenblit, VP & Chief Medical Officer (Age 49)
- Mr. David G. Foster, VP of Fin. & Chief Accounting Officer
Who are ImmunoGen's major shareholders?
ImmunoGen's stock is owned by a variety of of retail and institutional investors. Top institutional investors include Redmile Group LLC (8.74%), BlackRock Inc. (8.24%), Clearbridge Investments LLC (5.93%), Renaissance Technologies LLC (4.71%), Primecap Management Co. CA (2.51%) and Morgan Stanley (2.23%). Company insiders that own ImmunoGen stock include Anna Berkenblit, Craig Barrows, Daniel M Junius, David Brannon Johnston, Mark Alan Goldberg, Mark J Enyedy, Richard J Gregory and Thomas Ryll. View Institutional Ownership Trends for ImmunoGen.
Which major investors are selling ImmunoGen stock?
IMGN stock was sold by a variety of institutional investors in the last quarter, including FMR LLC, Morgan Stanley, ArrowMark Colorado Holdings LLC, Voya Investment Management LLC, Macquarie Group Ltd., Wells Fargo & Company MN, Quantitative Systematic Strategies LLC and BlackRock Inc.. Company insiders that have sold ImmunoGen company stock in the last year include Anna Berkenblit, David Brannon Johnston, Mark J Enyedy, Richard J Gregory and Thomas Ryll. View Insider Buying and Selling for ImmunoGen.
Which major investors are buying ImmunoGen stock?
IMGN stock was acquired by a variety of institutional investors in the last quarter, including Redmile Group LLC, QVT Financial LP, Renaissance Technologies LLC, Pinnacle Associates Ltd., Clearbridge Investments LLC, Jennison Associates LLC, Goldman Sachs Group Inc. and Geode Capital Management LLC. View Insider Buying and Selling for ImmunoGen.
How do I buy shares of ImmunoGen?
Shares of IMGN can be purchased through any online brokerage account. Popular online brokerages with access to the U.S. stock market include Vanguard Brokerage Services, TD Ameritrade, E*TRADE, Scottrade, Fidelity and Charles Schwab.
What is ImmunoGen's stock price today?
One share of IMGN stock can currently be purchased for approximately $1.99.
How big of a company is ImmunoGen?
ImmunoGen has a market capitalization of $297.57 million and generates $53.82 million in revenue each year. The biotechnology company earns $-168,840,000.00 in net income (profit) each year or ($1.18) on an earnings per share basis. ImmunoGen employs 296 workers across the globe.
What is ImmunoGen's official website?
How can I contact ImmunoGen?
ImmunoGen's mailing address is 830 WINTER ST, WALTHAM MA, 02451. The biotechnology company can be reached via phone at 781-895-0600 or via email at [email protected]
MarketBeat Community Rating for ImmunoGen (NASDAQ IMGN)
MarketBeat's community ratings are surveys of what our community members think about ImmunoGen and other stocks. Vote "Outperform" if you believe IMGN will outperform the S&P 500 over the long term. Vote "Underperform" if you believe IMGN will underperform the S&P 500 over the long term. You may vote once every thirty days.
