ImmunoGen, Inc., a clinical-stage biotechnology company, focuses on developing 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, as well as coltuximab ravtansine, a CD19-targeting ADC, which is in Phase II trial for DLBCL. ImmunoGen, Inc. has collaborations with Roche; Bayer HealthCare AG; Sanofi; Biotest AG; Novartis Institutes for BioMedical Research, Inc.; Eli Lilly and Company; Amgen; CytomX Therapeutics, Inc.; Takeda Pharmaceutical Company Limited; Jazz Pharmaceuticals plc; and Debiopharm International SA. ImmunoGen, Inc. was founded in 1981 and is headquartered in Waltham, Massachusetts.
Industry, Sector and Symbol
Industry Pharmaceutical preparations
Sub-IndustryBiotechnology
SectorMedical
SymbolNASDAQ:IMGN
CUSIP45253H10
Phone781-895-0600
Debt
Debt-to-Equity Ratio-0.06
Current Ratio3.74
Quick Ratio3.73
Price-To-Earnings
Trailing P/E Ratio-14.95
Forward P/E Ratio-9.83
P/E GrowthN/A
Sales & Book Value
Annual Sales$115.45 million
Price / Sales12.92
Cash FlowN/A
Price / CashN/A
Book Value($0.14) per share
Price / Book-80.07
Profitability
EPS (Most Recent Fiscal Year)($0.75)
Net Income$-96,010,000.00
Net Margins-109.85%
Return on EquityN/A
Return on Assets-39.05%
Miscellaneous
Employees293
Outstanding Shares133,040,000
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) posted its earnings results on Friday, May, 4th. The biotechnology company reported ($0.30) earnings per share for the quarter, missing the Thomson Reuters' consensus estimate of ($0.27) by $0.03. The biotechnology company earned $19.80 million during the quarter, compared to analysts' expectations of $15.04 million. The company's quarterly revenue was down 30.5% on a year-over-year basis. During the same quarter in the previous year, the company posted ($0.20) EPS. View ImmunoGen's Earnings History.
What price target have analysts set for IMGN?
8 brokers have issued 12-month target prices for ImmunoGen's shares. Their forecasts range from $5.00 to $20.00. On average, they anticipate ImmunoGen's stock price to reach $13.60 in the next twelve months. 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 is heavily dependent on its lead ovarian cancer candidate, mirvetuximab soravtansine. Hence, any kind of development or a regulatory setback could hamper the stock. The ovarian cancer space being competitive is also a matter of concern for the company. On the flip side, the company has made a significant progress with 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 provides it with funds in the form of milestone and royalty payments. However, the company’s high dependence on its partnerships for revenue is concerning. The company’s shares have outperformed the broader industry in a year's time. Estimates have been stable lately ahead of the company’s Q1 earnings release." (4/16/2018)
- 2. Cantor Fitzgerald analysts commented, "FORWARD Progress. The nearest term commercial opportunity for IMGN is the FORWARD I trial, which is exploring mirvetuximab soravtansine (mirva") as a single agent in 3rd line ovarian cancer in women who express high levels of the FRa receptor. This trial could read out in 2019 pending completion of enrollment in 2018." (11/3/2017)
- 3. Cowen Inc analysts commented, "IMGN announced a collaboration agreement with Jazz for the development and." (8/29/2017)
Who are some of ImmunoGen's key competitors?
Some companies that are related to ImmunoGen include Agios Pharmaceuticals (AGIO), Catalent (CTLT), Ionis Pharmaceuticals (IONS), Loxo Oncology (LOXO), GALAPAGOS NV/S (GLPG), United Therapeutics (UTHR), FibroGen (FGEN), Taro Pharmaceutical Industries (TARO), Madrigal Pharmaceuticals (MDGL), GW Pharmaceuticals (GWPH), Ligand Pharmaceuticals (LGND), HUTCHISON CHINA/S (HCM), Ultragenyx Pharmaceutical (RARE), Array Biopharma (ARRY) and Amicus Therapeutics (FOLD).
Who are ImmunoGen's key executives?
ImmunoGen's management team includes the folowing people:
- Mr. Mark J. Enyedy, Pres, CEO & Director (Age 54)
- Mr. David B. Johnston, Exec. VP & CFO (Age 63)
- Dr. Richard J. Gregory, Exec. VP & Chief Scientific Officer (Age 60)
- Dr. Anna Berkenblit, VP & Chief Medical Officer (Age 48)
- Ms. Carol Hausner, Exec. Director of Investor Relations & Corp. Communications
Has ImmunoGen been receiving favorable news coverage?
News headlines about IMGN stock have been trending somewhat positive on Thursday, according to Accern. The research firm identifies negative and positive media coverage by reviewing more than twenty million news and blog sources in real time. Accern ranks coverage of publicly-traded companies on a scale of -1 to 1, with scores closest to one being the most favorable. ImmunoGen earned a media sentiment score of 0.07 on Accern's scale. They also gave headlines about the biotechnology company an impact score of 45.67 out of 100, meaning that recent media coverage is somewhat unlikely to have an impact on the stock's share price in the near term.
Who are ImmunoGen's major shareholders?
ImmunoGen's stock is owned by many different of institutional and retail investors. Top institutional shareholders include Redmile Group LLC (7.29%), BlackRock Inc. (6.28%), Franklin Resources Inc. (2.01%), Wells Fargo & Company MN (1.35%), PointState Capital LP (1.26%) and Pinnacle Associates Ltd. (0.95%). Company insiders that own ImmunoGen stock include Craig Barrows, Daniel M Junius, David Brannon Johnston, Mark Alan Goldberg, Mark J Enyedy and Richard J Gregory. View Institutional Ownership Trends for ImmunoGen.
Which institutional investors are selling ImmunoGen stock?
IMGN stock was sold by a variety of institutional investors in the last quarter, including Redmile Group LLC, JPMorgan Chase & Co., Franklin Resources Inc., BlackRock Inc., Royal Bank of Canada, Guggenheim Capital LLC, Pinnacle Associates Ltd. and Stifel Financial Corp. Company insiders that have sold ImmunoGen company stock in the last year include Craig Barrows, Daniel M Junius, David Brannon Johnston, Mark J Enyedy and Richard J Gregory. View Insider Buying and Selling for ImmunoGen.
Which institutional investors are buying ImmunoGen stock?
IMGN stock was acquired by a variety of institutional investors in the last quarter, including PointState Capital LP, UBS Group AG, Wells Fargo & Company MN, Trexquant Investment LP, Summit Trail Advisors LLC, Allianz Asset Management GmbH, Allianz Asset Management GmbH and EAM Global Investors LLC. Company insiders that have bought ImmunoGen stock in the last two years include Craig Barrows, Mark Alan Goldberg, Mark J Enyedy and Richard J Gregory. 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 $11.21.
How big of a company is ImmunoGen?
ImmunoGen has a market capitalization of $1.37 billion and generates $115.45 million in revenue each year. The biotechnology company earns $-96,010,000.00 in net income (profit) each year or ($0.75) on an earnings per share basis. ImmunoGen employs 293 workers across the globe.
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 (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.
